August 13, 2015

Quote on Patience

"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." -  Charlie Munger

This is very important and a relevant quote.  All of us are action oriented and keeping quiet is very stressful.  With the current market conditions in both equity and real estate, it is better to keep quiet and stay in sidelines than invest.