The difference between a business that compounds and one that doesn't is often not the brilliance of the idea, but the willingness to accept small returns for decades while reinvesting everything. Most people can't do this psychologically.

The big money is not in the buying and selling, but in the waiting. If you have the temperament, you can make a lot of money by sitting on your ass.

The best thing for your long-term results is to be boring. Exciting investing is likely to be bad for your wealth. Most of the time, the best thing to do is nothing.

The big money is not in the buying and selling, but in the waiting. If you have the capital and the patience, you can ride out the volatility and let compounding do the work.

Nature does not hurry, yet everything is accomplished. The apparent leisureliness of natural processes conceals an efficiency that frantic human activity can never match.

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

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

The big money is not in the buying and selling, but in the waiting. Lethargy bordering on sloth should remain the cornerstone of an investment style.

The big money is not in the buying and selling, but in the waiting. Investors often mistake activity for accomplishment.

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.