Practice patience and consistency in investing from "summary" of Common Sense on Mutual Funds by John C. Bogle
Investors often find themselves tempted by the allure of quick profits and instant gratification in the world of investing. However, it is crucial to understand that successful investing requires a long-term perspective and the discipline to stay the course through market fluctuations and uncertainties. Patience is a virtue that is often overlooked in the fast-paced world of investing. Many investors fall into the trap of trying to time the market or chase after the latest hot stock. However, history has shown time and time again that attempting to predict short-term market movements is a fool's errand. Instead, investors should focus on the long-term growth potential of their investments and resist the temptation to make impulsive decisions based on short-term market fluctuations. Consistency is another key principle that should guide investors in their decision-making. Consistent in...
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