05/05/2021
Many people are looking for the quick win - buy super low, sell super high a week later. Remember that investing is a marathon - trying to get rich quick is a mistake.
Take advantage of all situations, even small wins. Consider a quote from Warren Buffet at on of his shareholder meetings:
"“If you buy a stock at a sufficiently low price, there will usually be some hiccup in the fortunes of the business that gives you a chance to unload at a decent profit, even though the long-term performance of the business may be terrible. I call this the ‘cigar butt’ approach to investing. A cigar butt found on the street that has only one puff left in it may not offer much of a smoke, but the ‘bargain purchase’ will make that puff all profit."
