This chapter explores the contrast between short-term thinking of most fund managers and the long-term perspective of successful investors like Warren Buffet. It delves into how many mutual funds closely mirror the performance of the S&P 500 without adding substantial value, and the impact of managing more money on a successful investor's returns. The chapter also addresses the misaligned incentives between investors and fund managers, highlighting how emotional reactions and market perceptions can influence decision-making in the investing world.