The Power of Long-Term Investing

This chapter emphasizes the significance of long-term investing strategies, citing insights from a renowned investment firm that promotes low portfolio turnover. It contrasts the pressures of short-term gains in the industry with the benefits of holding stocks for a decade or more, and critiques the transactional nature of investment bankers. Additionally, the chapter explores the psychological dynamics at play in investor-broker relationships, illustrating how these influences can detract from sound investment decisions.