The Power of Yawns
August 10th
There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
In the realm of investing, it's all too easy to be swayed by the promise of instant profit and the glamour of high-risk, high-return ventures. Buffett's wisdom nudges us to reassess this mindset, drawing our attention instead to the less flashy, more contemplative choices that may not elicit immediate enthusiasm.
Short-term gains, akin to a round of applause, are often deceiving. They may prompt impulsive decision-making, overly focused on instantaneous success rather than long-term stability. These momentary triumphs could lead us down a slippery slope, causing us to compromise on the steadfastness of our investment strategy.
Conversely, the undervalued "yawns" - slow, steady progress of a thoughtful investment - often go unnoticed in their initial stages. Subtle and consistent, these investments may not create a stir, but over time, they offer reliable and steady returns. It's these unsung, frequently ignored decisions that truly fortify a robust investment portfolio.
The aim, then, should not be the fleeting thrill of quick profit, but rather the enduring success that comes from steady, persistent efforts. After all, in investing and life alike, it's the quiet, relentless dedication that reaps the greatest rewards.
Copyright © 2023 by Scott Sansovich