The Number One Skill Set an Investor Needs to Have Is Extreme Patience

The number one skill set an investor needs to have is extreme patience. Investors hurt themselves every time you trade charlie monger says that you don't make money when you buy a stock and you don'tMake money when you sell a stock you make money by waiting. The investment business is a strange business i think it's a business best for people who are what i would call gentlemen or general women of leisure where they have some other activity which is their primary focus so that they don't have a compelling reason to act.