Montier's 7 laws of investing: Inactive investor
Moneylife Digital Team 28 July 2011

Patience is a key virtue in stock investing

If value investing—buying well-performing companies when they are cheap—is the way to pick stocks smartly, what is the crucial ingredient of value investing? It’s patience. It’s not often that stocks are cheap—they must become expensive sometimes for you to exit and cash in! They become cheap sometimes, thanks to market mood; one must patiently...

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