The Valuation : Value Investing Through Valuation

Do you feel anxious if you don’t check the order book for even a day?

Do constant price fluctuations catch your attention,

and do you find your hand instinctively reaching for your phone?

If so, you’re more likely a speculator than an investor.

To be precise, there’s a 95% chance that’s true.

Investors Focus on Value, Not Price

Investors make decisions based on the fundamentals of a business.

They look at the business model, market competitiveness, financial statements, and growth outlook—

focusing on the reward that time can deliver.

For them, daily stock price movements are just background noise.

In fact, price drops are often seen as new opportunities.

An investor is someone who endures the wait

while value quietly transforms into profit over time.

That’s why investors aren’t emotionally swayed

whether prices rise or fall.

Speculators Are Moved by Volatility

Speculators are different.

They fixate on price in the present moment:

“Why isn’t it going up?” “Why did it fall?”

These questions swirl endlessly in their minds.

What matters most to speculators is whether they’re making money right now.

Their standard for judgment is numbers—

and those numbers dictate their emotions.

So, when prices rise, they feel good. When prices fall, anxiety creeps in.

That anxiety only increases how often they check the order book.

How Are You Approaching the Market?

Here’s the real question you should ask yourself:

“Am I investing—or am I speculating?”

Do you check stock prices every day? Do slight drops make you feel uneasy? Do you constantly debate whether to sell during upswings?

These behaviors are rarely grounded in value-based judgment.

They’re usually emotional reactions.

So, were your decisions truly logical investments—or emotional speculation?

Investing Is About Direction, Speculation Is About Speed

Investing is a slow but steady walk in a direction you believe in.

Speculation, on the other hand, begins with the impatience to reach a destination quickly.

If profits don’t come right away, speculators waver.

And the more they waver, the greater the risk becomes.

Conclusion: The Less You Watch the Order Book, the Stronger an Investor You Become

The first step in investing is turning off the order book.

Stop focusing on short-term price movement.

Instead, remind yourself of the value you believe in.

Anxiety doesn’t stem from the market—

it grows when you lack a clear standard of your own.