Noise, signal and perspective

从2024美国选举到2025 Trump 的Tariff， 市面上的NOISE is a bit overwelming.

According to FactSet and as of last week: 

 

• The S&P has reported earnings growth of 12.9% on average 
• 78% of S&P 500 companies have beaten EPS estimates 
• Only 8 companies have withdrawn estimates or are not updating for FY 2025 

News agencies could give a rat’s patootie about whether you make money or not.

They make a good chunk of change by constantly cycling hype-driven, sensationalist loaded stories because they want to – and get paid for – attracting your eyeballs. 

 

The sooner you learn to stay focused on great companies putting up great numbers, the sooner your portfolio can thank you.

 

And I know：

明天的我会感谢今天的我， 哪怕我还是小白一个。

 

“The most important thing is to know where we are in a cycle and to act accordingly"-Howard Marks.