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Kindle Notes & Highlights
At the outset, investing is an act of faith, a willingness to postpone present consumption and save for the future.
To invest with success, you must be a long-term investor.
Focusing on the long term is far superior to focusing on the short term.
In the real world of mutual funds, intelligent investors must pay attention to the elements of long - term investing that are within their power to control.
The key to fund selection is to focus not on future return—which the investor cannot control—but on risk, cost, and time—all of which the investor can control.
