> No, in a typical investment, you don't really care about what the market thinks, if your time horizon is long enough. Investments generate cash or utility to the owners.
I don't think you can describe a "typical" investment in this way. Many investments lose value in the long run. Many investments value go to 0 in the long run. Your time horizon being long enough doesn't help here. In fact, it is actually what hurts you.
I don't think you can describe a "typical" investment in this way. Many investments lose value in the long run. Many investments value go to 0 in the long run. Your time horizon being long enough doesn't help here. In fact, it is actually what hurts you.