Patience is key to successful investing from "summary" of Random Walk Guide To Investing by Burton G Malkiel
Successful investing requires patience. It is essential to understand that the stock market is unpredictable, and there will be fluctuations in prices. Investors must resist the temptation to make impulsive decisions based on short-term market movements. Market timing is nearly impossible to get right consistently. Trying to time the market can lead to missed opportunities and losses. It is crucial to have a long-term perspective and remain disciplined in your investment strategy. Over the long run, the stock market has shown a positive trajectory despite short-term volatility. By staying invested for the long term, investors can benefit from the po...
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