Retail investor: The market makes zero sense. Great earnings & the stock DROPS? It's all random.


Me: It's not random. You're just watching two different games at once.
Retail investor: ...two games?
Me: Short term is fear & greed. A pendulum swinging between panic & euphoria. That's the game you're watching every day.
Retail investor: & the other game?
Me: Long term, price follows ONE thing... earnings growth. Plot the earnings line on any chart & watch the price bob & weave around it for decades.
Retail investor: So the daily chaos is just... noise around that line?
Me: That's the key thing... once you see the earnings line & understand the company... the market stops being confusing.
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