underscored

@underscored

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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.

— Howard Marks, The Most Important Thing Illuminated (2011)
1mo ago

We are all of us the worse for too much liberty, and the better for a master hand — not from without, but from the discipline we impose upon ourselves when we understand what the work demands.

3mo ago

We are all of us the worse for too much liberty, and the better for a master. What we call the tyranny of words is only the tyranny of a master we have not yet found.

4mo ago

The big money is not in the buying and selling, but in the waiting. Patience is the virtue that is most rewarded in investing.

5mo ago

The big difference between successful people and unsuccessful people is that successful people say no to almost everything.

5mo ago

The big money is not in the buying and selling, but in the waiting. You have to be willing to hold. Most people aren't.

6mo ago

The big money is not in the buying and selling, but in the waiting. You have to sit on your ass and do nothing.

6mo ago

The best business decision is often the one you don't make. Most of life's errors come from doing things, not from leaving them undone.

6mo ago

The best business decision is often the one that's hardest to make—the decision to do nothing when everyone else is doing something.

7mo ago

The big money is not in the buying and selling, but in the waiting. Lethargy bordering on sloth remains the best investment style.

7mo ago

The first rule of compounding: Never interrupt it unnecessarily. The second rule of compounding: Never interrupt it unnecessarily.

7mo ago

The best investment you can make is in yourself. But very few people do it, because it's unglamorous and requires a lot of discipline.

8mo ago

The big money is not in the buying and selling, but in the waiting. Investors often confuse activity with progress—the most valuable thing you can do is simply sit with a good decision.

8mo ago

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

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