To investors, Financial markets can be crazy at times. The complexity of an economy makes it nearly impossible to predict what will happen in the short and long-term. Humans are really bad at dealing with uncertainty, specifically when there is a dopamine-driven feedback loop of volatile price movements thrown in their face every few minutes.
Solid message in a flimsy economy.
Thank you for your Pomp Letter re long-term investors. It is a good reminder.....
Critical to separate signal from noise. As Naval says, play long-term games with long-term people.