The way to become a great investor is to maximize the amount of dollars you accumulate over the course of your life. Most of the time, it is not earning the highest returns.
For example:
Warren Buffett’s long term average annual returns are about 21% per year. Jim Simons’ are like 66 % per year. Yet, Warren Buffett is wealthier because has been investing for much longer.
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Warren Buffett states that if you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes.
Human nature is most concerned with short term loss aversion, not long-term gain seeking. Because we are so short-term oriented, it's an enormou...
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