Be patient and trust in the power of compounding returns from "summary" of John Bogle on Investing by John C. Bogle
When it comes to investing, one of the most important concepts to understand is the power of compounding returns. This idea is simple in theory but can have a significant impact on the growth of your investments over time. Essentially, compounding returns means that the money you earn on your investments is reinvested to generate even more returns. The key to taking advantage of compounding returns is to be patient and give your investments time to grow. While it may be tempting to constantly buy and sell investments in an attempt to time the market, this strategy is unlikely to be successful in the long run. Instead, the most successful investors are those who are patient and let their investments grow over time. By staying invested for the lon...
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