
Article. If You Don't Know What Game You're Playing, You Already Lost
The Synopsis
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Navigating Short-Term Volatility for Long-Term Success
This chapter explores the distinction between short-term and long-term investing, arguing that quarterly earnings play a minimal role in a company's true value. It highlights the benefits for long-term investors who can capitalize on the market's short-term focus, advocating for a more flexible approach to estimating future cash flows.
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