Avoid Stupid

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Volatility vs. Intrinsic Value

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"Volatility is the sound. Intrinsic value is the structure."
"We don't confuse movement with meaning."
"The market may scream. We listen for signal."

Price fluctuations tell you about sentiment. Intrinsic value tells you about reality. Know the difference.

Marlowe Keynes LLC Copyright · David L. Steinberg, Investor

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