FTK...Warren Buffett's statement, "The stock market is a device for transferring money from the impatient to the patient," highlights the importance of patience and a long-term perspective in investing. This quote suggests that those who are quick to enter and exit the market, often swayed by short-term fluctuations, tend to lose money to those who hold their investments for the long haul.
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Wade, For me, that quote from Warren Buffet applies to a lot of other long term holds I've had over the years...CSPI, CXDO, CLMB, AESI, PLUS, ect...
Built good positions, added on dips, and sold some on the way back up to lower my cost while balancing my portfolio at the the same time. AND HELD. Focusing on long term is where I have really done well in the stock market.
Sure, I've had my share of losses along the way, but it's all worked out great in the end. The long term gains have put me over the edge for strong total gains.
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