If you want to do better as an investor, the single most powerful thing you can do is forget about next quarter’s earnings. It’s about letting time do the heavy lifting for you, turning market noise into long-term gains.
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Meaning
The core message here is brutally simple: your greatest investing edge isn’t a hot stock tip or a complex algorithm. It’s patience. It’s the simple, yet incredibly difficult, act of waiting.
Explanation
Let me break this down from my own experience. When your time horizon is short—days, months, even a year—you’re a cork bobbing in the ocean of market volatility. Every piece of news, every earnings report, every tweet from a billionaire feels like a life-or-death event. You’re constantly reacting. And reacting is where mistakes happen. You sell in a panic, you chase a trend that’s already over, you make emotional decisions.
But when you stretch that horizon out to 10, 20, 30 years? The entire game changes. Short-term crashes become blips on a long-term chart. The magic of compounding starts to work in a serious, almost unbelievable way. A 20% drop isn’t a catastrophe; it’s a sale. You stop trying to be a brilliant trader and start being a patient owner of great businesses or funds. You win by not losing, by staying in the game while others get shaken out. It’s the ultimate de-risking strategy.
Quote Summary
| Context | Attributes |
|---|---|
| Original Language | English (3668) |
| Category | Wisdom (385) |
| Topics | patience (51), time (59) |
| Literary Style | direct (414) |
| Emotion / Mood | encouraging (304) |
| Overall Quote Score | 69 (33) |
Origin & Factcheck
This wisdom comes straight from Morgan Housel’s fantastic 2020 book, The Psychology of Money. It’s a book that rightly focuses less on spreadsheets and more on the behavioral pitfalls that trip us up. You won’t find this quote falsely attributed to Warren Buffett or Benjamin Graham, though the spirit is certainly the same. This is pure Housel, distilling a timeless truth for a modern audience.
Attribution Summary
| Context | Attributes |
|---|---|
| Author | Morgan Housel (49) |
| Source Type | Book (4032) |
| Source/Book Name | The Psychology of Money (49) |
| Origin Timeperiod | 21st Century (1892) |
| Original Language | English (3668) |
| Authenticity | Verified (4032) |
Where is this quotation located?
| Quotation | If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon |
| Book Details | Publication Year: 2020; ISBN-10: 0857197681; ISBN-13: 978-0857197689; Pages: 256 (approx.) |
| Where is it? | Approximate chapter: Tails, You Win |
