Value on the short term is like a voting machine.

Value on the long term is like a weighing machine.

There was a time when Nortel was the hottest tech item and if you had missed out on that you would be missing out on the internet. FOMO.

AI will be cheap. Intelligence <> value.

Why is the copper and gold price what they are today?

Are the prices for these commodities undervalued?

It depends on what the thing is you are calling fair value.

The risk impacts the value. Would you pay more for a sure bet or a risky bet?

Why is the market thinking it is lower value?

Buy a stock because it is cool but do they all pay dividends? Is the value based on earnings and the growth?

The company culture can be innovative. This is true but they are always competing with each other. And there is disruptive innovation all the time. What is the mental moat?

If you put all your money in the best 5 companies last year every year, are you a calling yourself the next prophet?

Prophet for profit is my simple response