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Be patient and disciplined in your approach from "summary" of The Little Book That Beats the Market by Joel Greenblatt
This concept of being patient and disciplined in your approach is crucial when it comes to investing in the stock market. It may seem tempting to try and time the market or make quick trades based on emotions or rumors, but this can often lead to poor decision-making and ultimately, losses. Instead, by taking a patient and disciplined approach, you are setting yourself up for long-term success. This means doing your research, understanding the companies you are investing in, and being willing to hold onto your investments even when the market is volatile. Being patient means not getting caught up in the day-to-day fluctuations of the market. It means being able to ride out the ups and downs, knowing that in the long run, the market tends to trend upwards. By staying focused on your long-term goals and not getting swayed by short-term noise, you are more likely to see positive results over time. Discipline is also key when it comes to investing. This means sticking to your investment strategy and not letting emotions dictate your decisions. It means having the self-control to resist the urge to make impulsive trades or chase after hot stocks. By combining patience with discipline, you are able to approach investing with a clear and rational mindset. You are able to block out the noise and focus on the fundamentals of investing. This approach may not always lead to immediate gratification, but in the long run, it is a more reliable way to build wealth and achieve your financial goals.
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