The Dutch Investors #67 | Lessons from the Wright Brothers | Patience, progress & the compounding of conviction
Nov 27, 2025
Delve into the inspiring journey of the Wright Brothers, whose historic flights went largely unnoticed at first. Explore how their relentless patience and learning from failures fueled their groundbreaking success. The discussion highlights the importance of sticking to your investment strategy through market fluctuations and emphasizes that true long-term investing yields compounding growth. Ultimately, it's a testament to the power of conviction, patience, and understanding the psychological aspects of investing.
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Wright Brothers' Ignored Breakthrough
- The Wright brothers ran a bicycle shop and tested powered flight on Kitty Hawk in December 1903.
- Despite repeated successful flights, newspapers largely ignored or dismissed their achievement.
Persistence Beats Initial Advantage
- Innovation often requires persistent iteration and surviving repeated failures.
- The Wrights' endurance, not initial genius or resources, led them to eventual success.
Treat Investing Like Long Experiments
- Do treat investing like innovation: expect setbacks and keep iterating on your approach.
- Stay committed to your process and avoid chasing single hot stocks or short-term wins.