People say this a lot, but I think it's misleading to most who hear it. This is certainly true in a trading context (i.e. where the buy/sell time horizon is short enough where the underlying asset's economic value doesn't change, though the market price might), but not in an investment context (where it's expected that the inflow of capital will create economic value and the stock price will reflect that).
The takeaway is that you should leave daytrading to the pros, and instead bet on humanity improving the means of production over long time horizons. Unless you're actually a pro and have good reason to believe you can beat the market.
People say this a lot, but I think it's misleading to most who hear it. This is certainly true in a trading context (i.e. where the buy/sell time horizon is short enough where the underlying asset's economic value doesn't change, though the market price might), but not in an investment context (where it's expected that the inflow of capital will create economic value and the stock price will reflect that).
The takeaway is that you should leave daytrading to the pros, and instead bet on humanity improving the means of production over long time horizons. Unless you're actually a pro and have good reason to believe you can beat the market.