The Importance of Fundamentals

In the short term, valuation expansion and contraction drives half of what happens to a stock in any given year. But when you start getting on to three, five, 10, 15 years, the expansion and contraction evaluation drops to I think it's 5%. And then 95% of what makes a stock do what it does over that 15 year window is is a fundamentals, 75% of it. This will probably make William William O'Neill smile, it's 75% is top line revenue growth. So all of that is to say that's why I believe fundamentals are pretty much all the matter. That's what the evidence shows. It's not my fundamental fundamental opinion that matters. It's