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Successful investing requires discipline and a longterm perspective from "summary" of A Random Walk Down Wall Street by Burton Gordon Malkiel
Successful investing is a marathon, not a sprint. It requires discipline and a long-term perspective. This means resisting the urge to make impulsive decisions based on short-term market fluctuations. Investors who are able to stay the course and not be swayed by temporary market trends are more likely to see positive returns in the long run. Discipline is essential in investing because it allows investors to stick to their investment plan even when things get tough. Market downturns are a natural part of the investing process, and those who panic and sell off their investments during these times often end up losing money. By maintaining discipline and staying invested, investors can ride out the ups and downs of the marke...
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