Be prepared to hold onto investments for the long term from "summary" of The Little Book of Value Investing by Christopher H. Browne
Investing in the stock market can be a tumultuous journey, with prices fluctuating on a daily basis. For value investors, the key is to ignore the noise and focus on the long-term prospects of a company. This means being patient and allowing your investments to grow over time. When you invest with a long-term mindset, you are able to ride out the inevitable ups and downs of the market. You understand that short-term price movements are often driven by emotion and speculation, rather than the underlying fundamentals of a company. By holding onto your investments for the long term, you give them the opportunity to reach their full potential. One of the benefits of holding onto investm...
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