Aug. 11 at 11:43 PM
$ISRG In the short term, the stock market is a voting machine—a chaotic, emotional tally of sentiment, breaking news, and macro anxiety. Stock prices routinely swing wildly, disconnecting entirely from what the underlying business realities justify. When fear takes the wheel, even the highest-quality companies get dragged down in the momentum-driven undertow.
But over the long term, the market becomes a weighing machine.
Inevitably, the daily noise fades, and stock prices gravitate back to their fundamental anchors: revenue growth, operating margins, and free cash flow.
