Markets and our portfolio are down today on what is effectively a war in Iran and the Middle East. Days like this remind me why I invest with a long-term outlook.
I can’t predict geopolitics
I can’t control headlines
What I can do is focus on whether the businesses I own will be stronger a decade from now.
Short-term fear
Long-term discipline
That’s the game.
And speaking of games, when I woke up this morning to see my portfolio was down nearly 2%, I didn't panic because I know it has nothing to do with business fundamentals. Instead... I went and played a round of golf, and when I was done, the market, along with my portfolio, had already begun to recover.
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