Panic is expensive, adding shares is boring (and that’s the point)

In any case, owning great companies typically will turn out well long-term. A long-term holding period will differ from people to people but for me it's holding a security for at least +5 years. Any shorter than that is not worth the time nor the energy. Bill Ackman added the following on X: >*Some of the highest quality businesses in the world are trading at extremely cheap prices...* *One of the best times in a long time to buy quality.* I understand in current times, you buy a stock or a basket of stocks and see it go in the red after you bought. It is discouraging to see. Investing is challenging and is not for everyone but to achieve high returns you want your business stock prices go down so you can pay for the lowest value possible. And hope that those businesses go back to their highs. Investing is not rocket science. Numbers are not set in stone. Even the best quality business can stay flat or underperform for a long time. We as investors can only make assumptions and hope they are right. Peter Lynch is a great example as a mentor and as a teacher. He remained confident that over time stocks would be repriced as sentiment changed and that earnings keep growing over a long period of time. Now, there are many data points to look at. You could look at investor sentiment or volume across indexes or at SPY moving averages and try to time the market. When we compare the data to historic levels, it shows that stocks are cheap today but it can always get cheaper. Now, what I do look at are two things: 1. Company fundamentals and, 2. the fear and greed index The fear and greed index just shows how investors sentiment is at the moment and it looks like there is a lot of fear. Due to Wars, overvaluation in the stock market, AI disruption gobal leaders and possible recession and private credit fears. Nasdaq is down 10% and S&P500 down 4% which is nothing compared to other major shocks in the stock market. **Warren Buffet was asked "what if a world war 3 comes up, what would you do?"** *Buffet answered, he would still be buying stocks. He added that the value of money goes down during wars so it's bad to stay in cash during that event. During world war 2 the markets advanced and in general they will do every single time, no matter the event. American businesses are going to be worth more, he said.* What I'm trying to say here is that history doesn't repeat itself but it can/does rhyme. It's a popular saying that is well known. Wars shouldn't have a lasting impact on the stock market nor on global economies long-term. You can read the headline on **WSJ:** ***Three reasons the stock market can endure the war.*** Most US stocks are about consumers and the economy. The change in oil prices will not affect most businesses. As long as consumers keep spending their money on products, services or features those business will keep generating profits/cash flows. I understand that there is panic. Especially when a new investor is pouring their hard earned money and see it going red for weeks on end. But, look ahead. Look decades from now. There are plenty of opportunities nowadays to profit from. Stocks can always go lower but in the end when earnings grow eventually stock prices will follow along.