I'm seeing quite a lot of dooms day people on Twitter lately. I think its time for a purge again. Too many macro voices I don't particularly care about. Strong companies, with great leadership at a reasonable valuation and turn out the noise.
Pay less attention to the stock market, its the greatest distraction to investing. If the company had a great quarter, that's all you really need to take away, whatever the market does in the days, weeks, or even months after, is mostly noise.
There is no shame in retreating and paying less attention to macro, the news, et al. Investors tend to have this complex where they feel they have to know everything, be on top of the current events, etc, to have their edge and to feel smart. The reality is that these people spend their years absorbing 95% of useless information.
Boil it down to what matters, check up on your companies quarterly, and enjoy life.
Even quarterly isn’t that important to me. The more investors become economists, the more I know it’s time to deploy more capital. Usually a great indicator that people are scared, and I take advantage of that. If they knew anything they’d be looking forward to another 2008; unless they’re retirees. That’s how Buffet taught me to build wealth, accumulate during bear markets.
The amount of information I purged from my reading is insane. I barely even read deep dives anymore. All I care about is business performance; I can look at financial data and not get management or analyst bias from reading too much junk.