Iron ore price, page-845

You are confusing the underlying value of the equity you own with the market price.

Price is what you pay, value is what you get.

When purchase equity in a company, you should pay a price that you are happy with based on the assets you are receiving, what happens to the market price of the equity other investors are buying or selling on other days is irrelevant to you, the only day it matters is the day you sell, which could be years in the future.

If you buy equity in good companies, that earn a good rate on that equity, and you get the equity for a good price, and over the years the company grows that equity and its earnings, the market price will eventually follow and grow too, and the dividend stream will follow.

As Ben Graham said, short term the market is a voting machine, but long term its a weighing machine.

Just because your neighbour sold his farm for a low price because he panicked because the wheat price went down today, doesn't mean the long term capital value of your farm is reduced,