A man was walking with his dog through New York city. He had already done the same walk for years, starting at Columbus Circle and finishing at the Metropolitan Museum of Art.
But the dog was very disobedient, have a boundless energy, and never walks in a straight path.
He jumps from one direction to the next at random, smell every leaf, barks at other dogs, and jumps on to every person for no apparent reason.
The action of the dog is completely unpredictable. But he’s heading to northeast, towards the museum, where he’ll eventually end up – because the owner is taking him there.
What is astonishing here, “is that majority of the investors, big as well as small, always looking at the dog and his movement and becoming fearful, but they never look at the owner who controls him and have the ability to take him to the final destination.
If you are an investor who seeks long-term wealth creation, then you should focus more on the owner (process) and less on the dog (markets).
The process is consistent while markets are volatile.