Source item
Open original source ↗Yes.
The current price of an apple is everything. Because you’re buying it to eat today.
But the current price of Apple stock is nothing. Because you’re buying it based on its future value tomorrow.
Investment operates on completely different rules than consumption. Yesterday and today are only interesting insofar as they offer clues about tomorrow.
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Quoted context
These are the quoted author’s words.
@balajis If Balaji has taught me anything it is to never look at the current state of affairs. Look at the trend line instead. That is more important and will tell you where to go and where the "alpha" will be.
michaeltastad ↗