Part 9/10:
Posis concludes with an important philosophical note: we should use terms like "reasonable" instead of "stupid" when analyzing market behaviors. This wording encourages openness to different perspectives, recognizing that market reactions are often driven by emotional and psychological factors that, while unreasonable in a rational sense, are entirely understandable.
He advocates for leveraging market irrationality by adopting a long-term perspective, understanding that markets often give opportunities for those willing to remain patient. For Tesla enthusiasts, this means seeing dips as chances to accumulate shares at discounted prices, rooted in the understanding that the company’s future remains promising.