For a large number of equity investors, equity investing is about what they do in the stock market – buying and selling based on ticker prices. That is where it starts, that is where it ends.
The only thing that matters to them are news items such as:
- Stock market up by 200 points
- Markets down by 100 points
- Nifty up 3 days in a row
- Sensex posts biggest fall in 6 months
and on and on and on.
The onslaught by the media adds fuel to the fire. The best picks of the day are discussed, worst picks are beaten down, target price, stock market predictions, everything that occupies your current time and attention, all leading to nothing.
How is this information helpful? I might be sounding ignorant here, but seriously, help me understand.
Constantly working with only the stock market prices and nothing else has brought us to a situation where we know the price of all stocks but the value of none.