Kunal Kapoor, the chief executive of $US13 billion ($20.2 billion) financial services and data giant Morningstar, likes to explain the vagaries of markets to his kids by showing them a series of graphs.
A one-day price graph often looks like a picture of high drama, he explains. A five-day graph seems much smoother. Zoom out to a year, and those five days disappear. Zoom out five years, and the longer-term trend emerges.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.