DAILY WALL STREET WISDOM · #008
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“If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.”
🇺🇸Warren Buffett
CEO, Berkshire Hathaway
WHAT IT MEANS
This forces investors to think like business owners rather than traders. If the underlying business isn't something you'd want to own for a decade, the short-term price action shouldn't tempt you either.
patience