DAILY WALL STREET WISDOM · #016
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“The big money is not in the buying and the selling, but in the waiting.”
🇺🇸Charlie Munger
Vice Chairman, Berkshire Hathaway
WHAT IT MEANS
Munger's entire philosophy distilled into one line. The real wealth creation happens during the holding period as compounding does its work. Most investors sabotage themselves by being unable to simply sit still.
patience