Longterm success requires discipline and patience from "summary" of Security Analysis: Fifth Edition by Benjamin Graham,Sidney Cottle,David Le Fevre Dodd,Roger F. Murray,Frank E. Block,Martin L. Leibowitz
Achieving long-term success in the world of investing demands a high level of discipline and patience. Without these essential qualities, it is unlikely that an individual will be able to navigate the unpredictable and often volatile nature of the financial markets successfully. Discipline is crucial as it enables an investor to stick to a predetermined strategy, even in the face of adversity. This means resisting the temptation to make impulsive decisions based on short-term fluctuations in the market. Patience is another key attribute that is necessary for achieving long-term success in investing. It involves the ability to wait for the right opportunities to present themselves and not succumb to the pressu...
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