There's a razor-thin line between patience and stubbornness in investing — and it's the difference between success and failure.

A patient investor waits because the data supports it. They're in scientist mode: their position is a thesis, a set of testable assumptions. They actively seek out all information, especially the disconfirming kind.

A stubborn investor is driven by ego. It's not just about wanting to be right — we all do — it's about being obsessed with not being wrong. They hold because it's *their* decision.

From the outside, the two look identical. But who you really are as an investor? Only you know that.