Invest for the long term from "summary" of Adventure Capitalist by Jim Rogers
Investing for the long term is a fundamental principle that many people overlook in their pursuit of quick profits. The allure of making a fast buck can cloud judgment and lead to risky decisions that ultimately result in losses. However, by adopting a long-term mindset, investors can position themselves for sustainable growth and wealth accumulation over time. When you invest for the long term, you are essentially betting on the overall success and growth potential of a company or market. This requires patience and discipline, as you may not see immediate returns on your investment. Instead, you are willing to ride out short-term fluctuations and market volatility i...
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