Patience is crucial for value investors from "summary" of The Little Book of Value Investing by Christopher H. Browne
Value investors need to possess patience. Patience is not merely a virtue; it is a necessity for those who seek to follow the principles of value investing. Investing in undervalued companies requires time for the market to recognize their true worth. This recognition does not happen overnight; it may take months or even years for the market to catch up to the true value of a company. Patience allows value investors to weather the storms of market volatility without making hasty decisions based on short-term fluctuations. By maintaining a long-term perspective, value investors can avoid the pitfalls of emotional trading a...
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