All the time?
Do you crave it?
And, are you in the markets?
Boy, do you have your work cut out for you, or do you have your work cut out for you?
Ideally, your long-term investment should not give you action.
When it does, it should push you to act.
What backfires is when you act to push it.
Unless you’re convinced by a stock, you don’t buy it.
Unless there’s margin of safety, you don’t buy it.
Unless there’s more margin of safety, you don’t re-buy it.
Unless you’re fed up with the stock or the antics of its management, you don’t sell it.
The whole long-term game is biased towards inaction.
Those who master the art of inaction are good long-term investors.
Bridging gaps is paramount.
What do you do with the vast amounts of time at your disposal?
Do twenty other things.
Create value in many walks of life.
Let the areas not overlap with any of the markets you are tapping.
Capture the attention of your mind.
What happens if you don’t?
Boredom, inaction or the need for action will propel you towards making a mistake.
Mistakes in the market cost money.
That’s how they’re defined.
Do yourself a huge favour.
Approach the markets after having embraced inaction.