The Power of Patience
August 2nd
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
In investing, it's often the patient, measured decisions that yield the most substantial rewards. Decisions made not with the intent for immediate gratification or approval of others, but with an unwavering focus on long-term results. The rush for fast profits and the approval of others can pull us from the path of true investing, causing us to prioritize transient success over long-term stability.
The slow, steady progress of a thoroughly considered investment may not ignite instant excitement or attention. But with time, these decisions offer consistent, reliable returns. These unobtrusive, frequently disregarded choices, form the foundation of a robust investment portfolio.
The real value in investing comes from a long-term outlook and a disregard for fleeting excitement. After all, in investing, much like life, it's the quiet, consistent effort that reaps the most significant rewards.
Copyright © 2023 by Scott Sansovich