Patience

Every investment strategy goes through periods where it works poorly. That’s life. If you have a strategy that always works well, that means:

  • You haven’t run it long enough.
  • You’re not running enough money.
  • You’re not taking enough risk.

Survive through your bad times, and prosper during the times where your intelligent strategy is paying off. Patience is a virtue in investing for the most part.

– from the post “If you want to be Well-off in Life” by David Merkel from The Aleph Blog

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