Successful investing requires a longterm perspective from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Investing successfully, according to the wisdom of Warren Buffett, is not about making quick gains or following the latest trends. It is about adopting a long-term perspective that allows one to withstand the inevitable ups and downs of the market. This idea is a central theme in Buffett's approach to investing, as he believes that short-term thinking can lead to poor decision-making and missed opportunities. By focusing on the long-term, investors can avoid the pitfalls of emotional reactions to market fluctuations and instead stay focused on the fundamentals of the companies they are investing in.
In the world of investing, patience is not just a virtue - it is a necessity. Buffett's own success as an investor is a testament to the power of patience and disciplined decision-making. He is known for holding onto his investments for years, even decades, allowing them to grow and compound over time. This approach has enabled him to achieve remarkable returns and build a vast fortune. By resisting the urge to constantly buy and sell based on short-term fluctuations, Buffett has been able to capitalize on the long-term growth potential of the companies he invests in.
One of the key reason...
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