Patience is a valuable asset in investing from "summary" of PSYCHOLOGY OF MONEY. by MORGAN. HOUSEL
The idea that patience is a valuable asset in investing is a fundamental concept that many successful investors understand and embrace. When it comes to investing, patience is not just about waiting for the right opportunity to come along; it is also about having the discipline to stick to your investment strategy even when the market is fluctuating. One of the key reasons why patience is so important in investing is because markets are inherently unpredictable. No one can accurately predict how the market will perform in the short term, so trying to time the market based on short-term fluctuations is often a losing game. By being patient and focusing on the long-term, investors can avoid making impulsive decisions that could negatively impact th...
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