Are You A Patient Investor?
“The stock market is a device for transferring money from the impatient to the patient.” –Warren Buffett
Once again, Buffett hits the nail on the head. In order to have a successful investment experience investors have to be patient and focus on the long-term.
Check out the short video from DFA (less than 2 minutes) where it shows how daily stock movements are like the weather. They vary from day to day but are insignificant over the long run. Market Behavior and the Weather