I live in reality. Reality is a place where the truth reigns supreme and stories are ignored. Stories about the GoPro drone are not accepted in reality. Stories about how Shake Shack is going to expand without any hiccups are also not allowed. Stories are great for the news media, but bad for investors' portfolios. Story stocks are like Trump. They generate ratings, but they self-destruct in the end. The latest story to take hold is the Apple virtual reality secret team. This new story is proceeded by the Apple car and the Apple TV (a real one, not a set top box). You must ignore these stories. You can read them for fun, but investing based on them is a no-no. These moonshot projects often waste investors dollars. If I wanted to invest in a start-up, I would go invest in a start-up. These projects may have merit, but they will not cause me to increase my valuation of the stock until I see tangible results. The market is in sync with this perspective as Twitter has had no change in its stock price because of Periscope even though Periscope is one of the top apps on the App Store. If a top app with potential to change the world doesn't catch the market's fancy, not many growth stories will. The bear market will hit growth stocks with stories the hardest. There will be a time for stories in 2017 or 2018 after the crash occurs. At that point I will be aggressive and invest in high beta-growth.