Patience is a virtue in the investment world from "summary" of Common Sense on Mutual Funds by John C. Bogle
Investing in the stock market requires a great deal of patience. This is because the market is inherently unpredictable, with prices fluctuating on a daily basis. As an investor, it is crucial to have a long-term perspective and not get caught up in short-term market fluctuations. By maintaining a patient approach, investors can avoid making rash decisions based on emotion rather than logic. In the investment world, patience is often rewarded. Over the long term, the stock market has historically shown a positive return. However, this return is not achieved overnight. It requires the ability to weather market downturns and stay invested for the long haul. By remaining patient and staying the course, investors are more likely to benefit from the market's upward trajectory over time. One of the biggest mistakes that investors make is trying t...
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