In this podcast episode, the hosts explore how market noise—like news updates, earnings reports, and economic data—affects long-term investing. They argue that for long-term investors, reacting to this constant influx of information is mostly pointless, as the market quickly reflects these details in asset prices. The guests emphasize the importance of having a solid long-term investment strategy that considers different market conditions while ignoring short-term fluctuations caused by news. They highlight the need for emotional discipline and the value of maintaining a well-diversified portfolio.