underscored

@underscored

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The market is a device for transferring money from the impatient to the patient. But patience isn't passive — it requires the psychological discipline to do nothing when everything in you screams to act.

Warren Buffett, Berkshire Hathaway Annual Shareholder Letter (1991)
1w ago

The great investors buy when others are fearful, and sell when others are greedy. But the converse is also true—they tend to avoid buying when others are greedy, even if the business is good. Temperament matters more than IQ.

3mo ago

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

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