RE:Market noise We all have the tendency to think short therms because it s our money and we see it move from green to red everyday, with the hope of jumps for easy money.
But the time scale in industry is not the same at all.
Each transformations, strategies moves take years to be done.
Take ALSTOM, born in 1932 it became a very big companie (Energy, nuclear, telecoms, transport, baval construction), then crysis in 2003, they start to sell everything.
In 2018 they are just a small very healthy train company, 2019 they buy BT, now they watch to buy back what they have sold to GE because GE is now is crysis...
So, there is a mistatch between the private investor like us, and the time scale in what we are investing. Watching the stock everyday can just create frustrations.
We are all crasy because the stock is so low for a year, and it look like an eternity for us, but it s nothing for a company life.