The Power of Patience
July 26th
Life is like a snowball. The important thing is finding wet snow and a really long hill.
Initiating an investment by seizing a fruitful opportunity is only part of the equation. The rest of it lies in the passage of time. A solid opportunity is akin to wet snow, essential in starting the snowball. But, without a long hill for it to journey, the snowball cannot grow in size.
The wet snow illustrates the need to choose the right investment, one grounded in strong fundamentals and undervalued in the market. This first choice, once set in motion, accumulates more as it rolls, growing from an initial investment to a substantial wealth pile.
The long hill, a clear representation of time, underlines the crucial role of patience in investing. The magic of compounding, which allows returns to multiply over time, is akin to the snowball turning into an avalanche, given a long enough hill. Returns aren't merely the endgame; they can also be inputs for the next growth cycle.
Just as the snowball's growth relies on the right conditions and a long path, your investments require the apt opportunity and a considerable amount of time to flourish. Patience is not merely a virtue; it is an integral part of long-term wealth creation.
Copyright © 2023 by Scott Sansovich