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Investing is a longterm endeavor from "summary" of The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
Investing is not a get-rich-quick scheme, nor is it a game that can be won overnight. It is a long-term endeavor that requires patience, discipline, and a focus on the bigger picture. In the world of investing, success is not measured by how much money you make in a day, a week, or even a year. Instead, it is measured by how well you can grow and preserve your wealth over the course of many years, if not decades. One of the key principles of successful investing is the ability to think long-term and resist the urge to constantly buy and sell in response to short-term market fluctuations. As the saying goes, time in the market is more important than timing the market. By staying invested over the long run, you give your investments the opportunity to grow and compound over time, which can lead to significant wealth accumulatio...
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