1883: The Market Right Now Doesn't Care How Fantastic Your Stocks Are by Vitaliy Katsenelson of Contrarian Edge

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🗓️ 6 May 2022

⏱️ 9 minutes

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Summary

Vitaliy Katsenelson of Contrarian Edge shares why the market right now doesn't care how fantastic your stocks are. Episode 1883: The Market Right Now Doesn't Care How Fantastic Your Stocks Are by Vitaliy Katsenelson of Contrarian Edge Vitaliy Katsenelson is the CEO and Chief Investment Officer at Investment Management Associates. He has written two books on investing, which were published by John Wiley & Sons and have translated into eight languages. The original post is located here: https://contrarianedge.com/the-market-right-now-doesnt-care-how-fantastic-your-stocks-are/ Visit Me Online at OLDPodcast.com · Note: The podcast ad for the IMPACT app is unscripted and being recorded live. It may contain some slight differences. Please visit https://impact.interactivebrokers.com/ for full details of products and services. Interactive Brokers, LLC member FINRA/SIPC. · The projections or other information generated by IMPACT app regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time. · The paid ad host experiences and testimonials within the Podcast may not be representative of the experiences of other customers and are not to be considered guarantees of future performance or success. The opinions provided within the ad belong to the host alone. Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1883.
0:04.1	The market right now doesn't care how fantastic your stocks are,
0:08.5	by Vitale Casanelson of ContrarianEdge.com.
0:12.9	And I'm your host and personal finance enthusiast, Diana Mariam.
0:17.4	Let's get to today's post as we optimize your life.
0:25.1	The market right now doesn't care how fantastic your stocks are,
0:29.3	by Vitale Casanelson of ContrarianEdge.com.
0:34.6	The Roman philosopher Seneca wasn't talking about the stock market
0:39.0	when he wrote that time discovers truth, but he could have been.
0:43.9	In the long run, a stock price will reflect a company's true intrinsic value.
0:49.4	In the short run, the pricing is basically random.
0:52.7	Here are two real-life examples.
0:55.7	Let's say you had the smarts to buy Microsoft in November 1992.
1:00.8	It would have been a brilliant decision in the long run.
1:03.8	The software giant stock has gone up manyfold since,
1:07.8	but nine months later in August 1993,
1:10.8	that call did not look so brilliant.
1:13.2	Microsoft shares had declined 25% in less than a year.
1:17.7	In fact, it would have taken you 18 months until May 1994,
1:22.4	for this purchase to break even.
1:24.6	18 months of dumbness?
1:27.2	In the early 1990s, the PC industry was still in its infancy.
	...

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