“Long Term” investment is not
gambling. You don’t play the markets. The price is far less important than what
the underlying thing you have bought is doing. Like finding a $10 note lying on
the street. Clearly the money is the right price. $10. It will still be that if
you put it in a drawer, or turn it into a gold coin and throw it in a pool. That
isn’t how Capitalism works. The paper just points in the direction of something.
The price is just a quote. Long term investing recognises that value compounds.
What you do today is almost irrelevant. Today has far more downside than
upside. You can burn everything to the ground today. Sure. If you want to build
something worthwhile… that requires commitment. Not just today. Everyday.
Burn or Build
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