“If you wait at a bus stop long enough, you’re guaranteed to catch a bus, but if you run from bus stop to bus stop, you may never catch a bus.” - Howard Marks
@hmarksofficial
I really like the analogy because successful investing is often less about knowing precisely what will happen next than about having the patience not to run toward whatever happens to be working at the time. There will always be another hot sector, another compelling narrative and another reason why this time you simply have to own it. The difficult part is knowing when you don’t.