“Just keep in mind: the more we value things outside our control, the less control we have.” — Epictetus
The average day in the global stock market involves over $462 billion in trades. The market effectively enables competition among many market participants who voluntarily agree to transact.
This trading aggregates a vast amount of dispersed information and drives it into security prices in wildly efficient ways. The end result is a very efficient information processing machine that can create near term volatility as new information is quickly processed.
Sometimes the right way to approach this information machine known as “the market” is unexpected. Enjoy our three of our favorite, overlooked, counter-intuitive insights about investment.