When there’s meat to eat, but you’re only given plain rice, you’ll be unhappy; after being starved for three days, a bowl of plain rice will make you deeply grateful, even remembering this kindness for life. It’s the same plain rice, but its value is different. Everyone understands this principle, right? Yet many people don’t apply it to investing. For example, the same event—why is it bullish this time and bearish that time? Why is it considered relevant here but ignored there? Doesn’t it seem contradictory? I call this the “Rice Indicator.”