To accumulate any wealth, you must invest at a growth rate higher than inflation.

Short-term price action means nothing and should mean nothing to you. Keep your focus on long-term business growth.

Broad-market indexes like S&P 500 must rise over the long term. The upward path is the only logical direction. Prices can be suppressed for a short period, but eventually, the index will continue its course.

Long-term price growth has three factors: yield, inflation, and business growth.

Nothing wrong with buying high PE stocks; however, expected business growth must justify the high price.

There is no need to be a warrior of your investment community. You don’t invest to prove a point or to protect an investment ideology. There is only one goal; grow your pile of capital over time.