As we created our brackets in time for NCAA March Madness, pruned the vineyard and cleaned up our yards after the big windstorm, it was time for our quarterly investment committee meeting.
A business' intrinsic value fluctuates very little. Yet, the price that the ever-moody "Mr. Market" will pay at any given time can fluctuate dramatically based on outside economic and political forces.
At Pilot Wealth, we feel no need to explain it, no need to tell a story. Instead, we recognize volatility happens and we welcome it.