Understand the importance of longterm investing from "summary" of John Bogle on Investing by John C. Bogle
Investing for the long term is a fundamental principle that all investors should embrace. When you invest with a long-term horizon, you are able to ride out the short-term fluctuations and volatility that are inherent in the market. By taking a long-term approach, you are able to focus on the big picture and not get caught up in the day-to-day noise of the market. One of the key benefits of long-term investing is the power of compounding. Over time, your investments have the opportunity to grow exponentially as your returns are reinvested and generate even more returns. This compounding effect is a powerful force that can significantly increase the value of your investments over the long term. Another important aspect of long-term investing is the...
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