Last week, while scrolling through X, I came across a video of Charlie Munger with a quote that couldn’t be more relevant to the current moment:
“My Berkshire stock has dropped 50% three times, and it never bothered me much. That’s just part of the game.”
This quote captures a simple truth: no one knows exactly what will happen in the market tomorrow.
The only thing we can be confident in is that assets with real intrinsic value tend to compound over time.
Right now, it’s worth stepping back and asking yourself:
What exactly are you investing in, and what mindset are you bringing into that position?
If it’s speculation, you should be hyper-aware of momentum and short-term volatility.
If it’s investment, you should focus far more on current intrinsic value and long-term potential, rather than short-term price, which is the noisiest signal of all.