171 | Patient Investing

Investing with some clue about what you're doing and a genuine belief that it will work.

Knowing there are only two guarantees:

1. Someone will always have better returns than you.

2. The way you behave, especially when it's uncomfortable, will determine your lifetime returns.

Being an owner offers the most potential reward.

Spreading your eggs across many baskets makes the uncomfortable times less painful.

The longer you're invested, the better chance that it works as expected.

And a little more patience than the next person is the only shortcut.

And…

Investments will almost always be a distraction in your relationship with money.