Hours and hours of boredom punctuated by moments of…

Hours and hours of boredom punctuated by moments of sheer terror. It’s the same thing as in bad thing your success as an investor will be determined by how you respond to punctuated moments of terror, not the year spent on cruise control. A good definition of an investing genius is the person who can do the average thing when all those around them are going crazy.

— from The Flight Plan (Purpose/Wisdom/Risk) · The Psychology of Money By Morgan Housel

Also belongs to

Related