The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong
In this episode of Excess Returns, we sit down with Sam Ro to revisit his widely read post “10 Stock Market Truths” and explore how each principle holds up in today’s market. From the long game of investing to short-term risks, valuations, AI, and earnings, Sam shares a timeless framework for navigating markets and separating noise from signal.
Topics covered:
• Why the long game is undefeated
• Short-term volatility and how to prepare for it
• The myth of average returns
• Asymmetric upside in markets and stocks
• AI as both opportunity and risk
• Earnings as the ultimate driver of stock…
The skinny
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