We all seem to be focusing on stuff that doesn't matter when crafting investing decisions. I find this really counterproductive.
Here are some things that don't matter:
- what inflation was last month
- What a stock did over the last 30 days
- What a stock does the 30 days after you buy it
Here are some things that matter:
- The FCF yield you bought a stock at
- Growth in FCF/s
What did I leave off either list?