The markets are down and it is amusing to see stock market predictions come at us left, right, and center. Everyone claims to have an idea of where things are going – but no one has a clue.
All the noise about the markets is fascinating because it is a reminder that this is all noise that we’re going to forget in a few days and weeks. The only folks who should care about daily price gyrations are day traders.
If you’re in the business of creating value, however, there’s good news. In the long run, stock prices follow value.
All this noise is just a reminder for us to focus on the game we’re playing and focus on building value.