The difference between a good investor and a great one isn't the ability to find more opportunities — it's the discipline to do nothing when there are none worth taking. Most of the money in investing is made by sitting, not by acting.
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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
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
You then have to ask yourself, well, what am I going to do about it? And if I don't do anything, then what does that say about me? What does that say about who I am and my character? If I know these things are wrong, I know people are being killed and I do nothing.
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