underscored

@underscored

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Tag:behavioral-financeClear

The ability to sit quietly and patiently while everyone else is acting is not a passive virtue — it is the hardest-won competitive advantage in investing. Most of the damage investors do to themselves comes from the compulsion to do something when the right action is nothing.

Howard Marks, The Most Important Thing: Uncommon Sense for the Thoughtful Investor (2011)
20h ago

The great thing about the public markets is that they give you a daily opportunity to think about what your business is worth. The terrible thing about it is that you can act on it.

1mo ago

The difference between investment success and mediocrity is often not intelligence—it's the ability to do nothing when nothing should be done. Most investors feel compelled to act, when the great fortunes are made by inaction.

1mo ago

Underscored — save the words that stop you in your tracks.

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