Munger once stated,
"The big money is not in the buying and the selling but in the waiting."
This sentiment, though perhaps not as widely cited as some of Buffett's lines, holds tremendous weight in the investment world for several reasons.
The Power Of Compounding: Patience Pays Off
Munger's statement highlights the magic of compounding.
Time is a powerful factor in the growth of investments.
As investments begin to yield returns, those returns can be reinvested, potentially leading to exponential growth over time.
This concept isn't just mathematical — it requires the discipline of patience.
As the saying goes, good things come to those who wait, and in the investment realm, waiting can be quite profitable.
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