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The Power of Long-Term Investing
This chapter examines the volatility of the stock market, particularly the S&P 500, and highlights how long-term investment strategies can yield positive returns despite short-term fluctuations. Through fictional investor examples, it demonstrates that consistent, disciplined investing, such as dollar-cost averaging, often outperforms attempts to time the market. The chapter emphasizes the importance of starting early, managing emotions, and understanding market dynamics to build wealth over time.