Warren Buffett brings up all the time that great Benjamin Graham quote that in the short run the stock market is a voting machine and in the long run it’s a weighing machine.
Will Danoff taught me the value of being optimistic and open-minded while also playing in the present. The ability to balance conviction and flexibility is hard. It’s one of the things that makes investing an art. And it is the reason why you must find a philosophy that suits your temperament so that you can find the right balance between the two.