The single greatest edge an investor can have is a long-term orientation. Most of the competition is focused on the next quarter; if you can honestly say you don't care about the next three years, you've already eliminated most of your rivals before the game begins.
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The thing that I find so hard about venture capital is that you might be right about a company, but if you make your investment at the wrong time, you can lose all your money. You can be right about the destination but wrong about the timing, and it doesn't matter that you were right about the destination.
Invest Like the Best with Patrick O'Shaughnessy
We assume that if we are thinking something, other people can see it too. The problem is that our thoughts and feelings are invisible to others. What is obvious to us is often completely hidden to everyone else.
Hidden Brain
Most of us, most of the time, make decisions incrementally. We don't blow up our lives — we make small adjustments, trying to improve our circumstances bit by bit. But some people, at some point, feel the urge to do something dramatic: quit a job without another one lined up, leave a relationship, move to a new city where they know no one.
Hidden Brain