The Peace of Ignoring the Market

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I often feel guilty because people will say to me, you know, how's XYZ company doing? And I'm like, honestly, I have no idea. Like what did, oh, did they drop yesterday? Didn't know that. Totally. So the best way to handle that is to not even look at it. Yeah,. which I don't do. The distinction gives me such peace. Oh, I really think you can really totally ignore it. Honestly, you should not care what the market's doing. Charlie Munger said once that if you can't stomach the company that you own going down by 50%, then you really have no business being an investor. Or we do

Finding a company that can compound their investments over a long period is the white whale of the value investor. While this search is often challenging, finding these companies can lead to substantial long-term gains.

With the gamification of investing in recent years, the idea of holding an investment for a lifetime is being presented as less appealing than the app-driven, short-term profit mentality.

Are you prepared to do the work up front so that you can feel confident in a less hands-on approach in the long run? By starting off with a careful analysis of these potential compounding investments, you can be less concerned with the day-to-day movements of the markets.

If you’re searching for possible compounders to add to your portfolio, get your free copy of Phil’s Value Investing Cheat Sheet for help with those first steps: https://bit.ly/3KvCsjT

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