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The key to successful investing is patience and discipline from "summary" of Warren Buffett's Ground Rules by Jeremy C. Miller
Warren Buffett firmly believes that successful investing requires two key qualities: patience and discipline. Without these traits, even the most promising investment opportunities can turn sour. Patience means being willing to wait for the right opportunity to come along, rather than rushing into decisions based on emotions or short-term trends. Buffett often compares investing to waiting for a "fat pitch" in baseball – you don't have to swing at every ball that comes your way, just the ones that are most likely to result in a home run. Discipline, on the other hand, is about sticking to your investment strategy even when the market seems chaotic or unpredictable. It means not being swayed by the latest headlines or following the crowd i...
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