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Kindle Notes & Highlights
A great company is not a great investment if you pay too much for the stock.
“Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.”
“The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.”
investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
“If you’re not prepared to stay married, you shouldn’t get married.”16 Fund investing is no different. If you’re not prepared to stick with a fund through at least three lean years, you shouldn’t buy it in the first place. Patience is the fund investor’s single most powerful ally.
