Investing is a longterm journey, not a race from "summary" of Random Walk Guide To Investing by Burton G Malkiel
Investing is a long-term journey, not a race. This concept is crucial to understand because it emphasizes the importance of patience and discipline in achieving financial goals. Many investors make the mistake of trying to time the market or chase after quick profits. However, this approach often leads to poor decision-making and unnecessary risk-taking. By viewing investing as a long-term journey, investors can focus on building a diversified portfolio that can weather market fluctuations and economic downturns. This means staying invested for the long haul and resisting the urge to constantly buy and sell based on short-term market movements. One of the key ...
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