
Rate Of Return
Nasdaq BeaterSame as the past few days, it's again profiting from both the call of $Apple(AAPL.US) and the put of $Rocket Lab(RKLB.US).
The market's expectations for earnings reports are a bit too high—as long as it's not exceeding expectations, it'll drop right in front of you. $AMD(AMD.US) only released relatively stable guidance, yet it dropped 15% overnight, completely unbelievable.
We can't change the market, so *The Intelligent Investor* says: "Make the market serve you, not guide you."
"The market is like a pendulum, forever swinging between short-lived optimism (which makes stocks too expensive) and unreasonable pessimism (which makes stocks too cheap). Intelligent investors are realists—they sell to optimists and buy from pessimists."
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