According to @QCompounding, over the long run stock prices follow a company’s Owner’s Earnings, so focusing on this metric helps avoid market noise and reveals true operating performance (source: @QCompounding on X, Aug 26, 2025). Owner’s Earnings is defined by Warren Buffett as net income plus non-cash charges minus the average maintenance capital expenditure, a cash-flow proxy used to assess intrinsic value and business quality (source: Berkshire Hathaway 1986 Shareholder Letter, Warren E. Buffett). Based on this guidance, traders can prioritize companies showing consistent growth in Owner’s Earnings and de-emphasize short-term price swings or EPS surprises in screening and position sizing (source: @QCompounding on X, Aug 26, 2025).