Has anyone been patient with Solana? ##solana #sol Patience is not the ability to wait, but to stay strong while you wait. Here is the excerpt from the book, organized for you to post on Binance Square, preserving the original idea and making it flow more smoothly.
65 — Wall Street makes money from activity. You make money from inactivity.
The name of the game on Wall Street is to gain control of your assets and then earn commissions. Brokers have a thousand ways to make that happen: they’ll get you to buy and sell because of interest rates, poor or strong quarterly earnings reports, and all the analysts’ recommendations. They’ll even get you to trade stocks based on election forecasts. They make money from any activity.
To make money in the stock market, you need to buy shares in a great company at a fair or low price and hold on to them for a long time, allowing the company’s retained earnings to increase its underlying value.
That’s how people like Bill Gates and Warren Buffett became incredibly wealthy. Gates got rich with just one stock, and Warren with half a dozen.
This really works. If you still don’t believe it, just look at the track records of investors who understood the power of long-term investing.
My reflection:
In the financial markets, the person who moves the most money doesn’t always make the most. Often, an investor’s greatest advantage lies in knowing how to wait.
Buying good assets, paying a fair price, and being patient can be more powerful than trying to predict every market move.
Less anxiety. More strategy. A longer-term perspective.
Investing is also about knowing when to do nothing. @Binance Announcement #Binance
65 — Wall Street makes money from activity. You make money from inactivity.
The name of the game on Wall Street is to gain control of your assets and then earn commissions. Brokers have a thousand ways to make that happen: they’ll get you to buy and sell because of interest rates, poor or strong quarterly earnings reports, and all the analysts’ recommendations. They’ll even get you to trade stocks based on election forecasts. They make money from any activity.
To make money in the stock market, you need to buy shares in a great company at a fair or low price and hold on to them for a long time, allowing the company’s retained earnings to increase its underlying value.
That’s how people like Bill Gates and Warren Buffett became incredibly wealthy. Gates got rich with just one stock, and Warren with half a dozen.
This really works. If you still don’t believe it, just look at the track records of investors who understood the power of long-term investing.
My reflection:
In the financial markets, the person who moves the most money doesn’t always make the most. Often, an investor’s greatest advantage lies in knowing how to wait.
Buying good assets, paying a fair price, and being patient can be more powerful than trying to predict every market move.
Less anxiety. More strategy. A longer-term perspective.
Investing is also about knowing when to do nothing. @Binance Announcement #Binance
