A few days ago, my portfolio was worth around $92,000. Today, it's around $86,000.

Honestly? It didn't even faze me.

Not because I'm indifferent to money. But because I try to remind myself of one simple thing every day.

A stock's price and a company's value are not the same thing.

I look at the results of the companies I own.

Google? Great quarter. Search is growing, Cloud is growing, AI is advancing.

Meta? Continues massive investments in AI, and the business remains exceptionally strong.

Microsoft, Amazon, Mastercard, S&P Global… in most cases, my investment thesis hasn't changed.

Yes, the market can react negatively in the short term. It may fear high CapEx, rates, or sentiment. That's perfectly fine.

But I've learned one thing over the past few years.

I can analyze fundamentals. I can't influence the market's reaction.

That's why I try to focus on what I can control:

picking quality companies,

buying at reasonable valuations,

investing regularly,

and above all, holding on.

Maybe in a year the portfolio will be higher. Maybe lower. No one knows that today.

But if my companies are earning significantly more in 5-10 years than they are today, I believe that will sooner or later be reflected in the stock prices.

What about you? During earnings season, do you watch the price movement more, or do you focus mainly on whether the investment thesis is changing?