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Be patient from "summary" of The Little Book of Common Sense Investing by John C. Bogle
Patience is indeed a virtue, especially when it comes to investing. It is essential to understand that the stock market can be unpredictable and volatile in the short term. Prices can fluctuate wildly based on a variety of factors, such as economic news, geopolitical events, or even investor sentiment. For this reason, it is crucial to remain patient and not react impulsively to short-term market movements. Instead of trying to time the market or chase after hot stocks, investors should focus on the long term. By taking a patient approach, investors can ride out market fluctuations and benefit from the long-term growth potential of the market. One of the keys to successful investing is to have a clear investment plan and stick to it, even when the market experiences turbulence. By staying disciplined and patient, investors can avoid making hasty decisions that could harm their investment portfolio in the long run. In the world of investing, patience is not just a virtue – it is a necessary ingredient for success. By remaining patient and staying the course, investors can increase their chances of achieving their financial goals over time. So, remember to stay patient, stay disciplined, and trust in the power of long-term investing.
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