Patience and perseverance are virtues in value investing from "summary" of The Little Book of Value Investing by Christopher H. Browne
Value investing requires a long-term perspective and a considerable amount of patience and perseverance. This approach involves buying stocks that are undervalued by the market and holding onto them until their true value is recognized. This process can take time, sometimes years, before the stock price reflects the intrinsic value of the company. One of the key principles of value investing is to ignore short-term market fluctuations and focus on the underlying value of the businesses in which you are investing. This requires discipline and the ability to tune out the noise of the market. It is essential to have the patience to wait for the market to recognize the true worth of a company, even if it takes longer than expected. Persev...
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