FYI: Just about everybody claims to be a long-term investor, even though most professional and individual investors seem to have about as much patience as a bunch of teenagers competing in a Red Bull chugging contest. Why are people so impatient when they all insist that patience is a virtue and that they themselves are virtuous? These questions have plagued me for a long time. I’m still patiently searching, and hoping, for some answers. If I keep at it long enough, maybe I’ll figure it out. Here, from my archives, is a piece I wrote about the difficulties of patience. Can it have been less than 14 years since I wrote it?
Regards,
Ted
http://jasonzweig.com/the-rip-van-winkle-portfolio/
