Short YouTube monologue by Chris Larsen (uploaded under title "reels3") about investing. The speaker warns against checking portfolio/asset values daily (uses "Zillow" as an example), arguing that frequent monitoring can lead to poor decisions. He emphasizes using sound strategies applied to high-quality companies and maintaining a long-term perspective to improve the probability of outperformance.
I've had a bit of a zig last year and you know, it doesn't if you measure it every day. If you look at your Zillow every day, you know, you might make some stupid decisions. You look at it over time, you see that that outperformance does happen as long as you're, as long as you're in good quality companies. A lot of people do stupid, great strategies on stupid companies, and that makes them a stupid investor. If you do a good strategy on a good company, at least you're getting the probabilities in your favor. And that's, that's what I breach, right?
