The Importance of Understanding the Ups and Downs

The market is efficient a lot of the time, but does that mean there's no opportunity for people who want to spend the time to research and find good companies? A lot of the times the market probably is efficient, but there can be value as somebody who's picking stocks to still earn good returns on the stock. If you buy a stock for a very long period of time, and it's earning 6% that's capital, you're going to earn around 6%.