Howard Marks, The State of the Market
Motley Fool Money
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Investing with a Long-Term Mindset
This chapter emphasizes the importance of adopting a long-term perspective in stock investing, advocating for a minimum holding period of five years to optimize returns. It explores the emotional pitfalls that can lead to poor trading decisions, stresses the need for patience, and warns against impulsive reactions to market fluctuations. By delving into the psychological phases of market behavior, the chapter highlights the balance between risk and return necessary for successful investing.
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