In investing, the lever which Archimedes saying is TIME
You cannot saw a seed today and reap tomorrow. Nature does not help us with instant gratification
Success in our life comes with our ability to understand that there are no shortcuts in life
“Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.” Almost universally, we tend to overestimate what can happen in the short term and underestimate what can happen in the long term.
Warren Buffett: “You can’t produce a baby in one month by getting nine woman pregnant"
You cannot hope to make a fast $ through investing
Charlie Munger: “It’s WAITING that helps you as an investor, and a lot of people just can’t stand to wait. If you didn’t get the deferred-gratification gene, you’ve got to work very hard to overcome that."
Compounding doesn’t rely on earning big returns. Merely good returns sustained uninterrupted for the longest period of time—especially in times of chaos and havoc—will always win.
The best profits will always be made when we invest at the most difficult time to make the decision. If everyone knew what was going to happen, then the good prices would not be on offer.
Peter Lynch: "Whatever method you use to pick stocks, your ultimate success or failure will depend on your ability to IGNORE the worries of the world LONG ENOUGH to allow your investment to succeed. It isn't the head but the stomach that determines the fate of the stockpicker."
In the short run the world is a voting machine affected by whims and marketing. In the long run its a voting machine were quality and product matter.
The market is a function of Price and Time. Always take both into consideration.
It requires a considerable Time for general business to recover, earning power to be restored, and increased dividends paid. Therefore, prices of stocks Unless Artificially Stimulated cannot travel their full course in a few months
Over the long term, it's What the Company Does it makes money NOT what you Do
If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon. Time is the most powerful force in investing. It makes little things grow big and big mistakes fade away. It can’t neutralize luck and risk, but it pushes results closer towards what people deserve.