Patience and discipline key to successful investing from "summary" of Essays of Warren Buffett by Lawrence A. Cunningham
Warren Buffett emphasizes the importance of patience and discipline when it comes to successful investing. He believes that in order to achieve long-term success in the stock market, one must be willing to wait for the right opportunities to come along and have the discipline to stick to their investment strategy even when faced with uncertainty or volatility. Buffett's approach to investing is based on the idea that it is better to buy and hold onto high-quality companies rather than trying to time the market or make short-term trades. He believes that by taking a long-term view and focusing on the fundamentals of a company, investors can avoid getting caught up in the day-to-day fluctuations of the market and increase their chances of...
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