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According to themselves, they are wealthy because they are patient and not they other way around. In Buffett’s own words: "The stock market is a device to trans
by huijzer 3y ago
According to themselves, they are wealthy because they are patient and not they other way around. In Buffett’s own words: "The stock market is a device to transfer money from the 'impatient' to the 'patient'." Being patient requires keeping your emotions under control, including stress. Also, keeping a calm mindset is a common topic under value investors such as Monish Pabrai and Guy Spier.