The Daily Buffett

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The Patience Perspective

October 31st

If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes.

Warren Buffett

The essence of long-term investment lies in resisting the seductive allure of quick returns and embracing the steadier rhythm of patient capital. Stocks are not fleeting opportunities for quick profits, but vessels of long-term potential.

Consider this a call to deep introspection before every investment. It isn't just about weighing the value of a stock over a decade, you're also being urged to consider your own long-term commitment. Are you willing to stand by your choices for the coming decade?

This isn't just a lesson in understanding markets, but a lesson in self-understanding. It's about having the fortitude to resist impulsive decisions and the insight to see beyond immediate circumstances. As investors, we must adopt a long-term perspective, not just in our portfolios, but in our lives.

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