Longterm thinking is the foundation of successful investing from "summary" of What I Learned About Investing from Darwin by Pulak Prasad
Longterm thinking is not just a strategy but a way of life when it comes to successful investing. In the world of investing, patience is indeed a virtue. It is not about making a quick buck overnight, but about staying committed to the long-term goals you have set for yourself. When you are focused on the long-term, you are able to weather the storms that inevitably come your way in the market. It is about having the resilience to stay the course even when things may not be going your way in the short run. This is where true success lies - in being able to see beyond the immediate ups and downs and keep your eyes fixed on the big...
Similar Posts
Rebalance your portfolio regularly
Regularly rebalancing your portfolio is a crucial aspect of successful investing. This means periodically reviewing your invest...
Embrace the power of leverage
Leverage is a powerful tool that can help you achieve financial success. It involves using other people's money, time, and reso...
A leader must have the capacity to learn from failure
In leadership, the ability to learn from failure is crucial. Leaders who are willing to acknowledge their mistakes and take res...
Understanding personal values can guide financial decisions
When it comes to making financial decisions, understanding your personal values can be a powerful guiding force. Your values ar...
Consider companies with high earnings yield
When looking for companies to invest in, it is important to consider their earnings yield. This is essentially the company's ea...
Network with other business professionals
To succeed in the business world, it is essential to build relationships with other professionals in your industry. Networking ...
Balance confidence and humility in decisionmaking
When we make decisions, we should strive to strike a delicate balance between confidence and humility. Confidence is essential ...
Pay yourself first
The concept of "Pay yourself first" is a simple yet powerful one that can help anyone achieve financial success. It means that ...
Monitor progress regularly
To achieve success in any endeavor, it is crucial to monitor progress regularly. Keeping track of your progress allows you to s...
Continuous learning is essential for growth
In order to achieve growth and success in life, one must be committed to continuous learning. This means constantly expanding o...