On The Investing for Beginners Podcast, Ryan shared how his team manages market swings by sticking to a focused universe of about 300 companies they understand deeply.
As Benjamin Graham’s famous Mr. Market story explains, the asset doesn’t change—just the price people are willing to pay for it. That’s volatility in a nutshell.
By knowing what a business is truly worth, we don’t fear volatility—we use it. It gives us better entry and exit points because we’re valuing the business, not reacting to market mood swings.
Watch the clip to hear why narrowing your circle of competence can be a powerful edge in uncertain markets.