“Investing can be the same way. The long game is what happens after we’ve bought — it’s the waiting and watching, while the ball travels though the air, flying out over the nice, short grass in the middle of the fairway, or occasionally veering into the rough,” Hall writes. “Every so often, it hits a tree and careens wildly out of control, unpredictable and usually not ending up where we want. Sometimes it ends up in the water. Under water.”
Hall writes, “But most of the time, getting close to the green only takes a few strokes. But depending on the terrain we are in, and where the pin is placed on the green, it’s easy to take just as many swings (or more) to cover that last 20 yards. And as investors, we deal with the same thing, but the difference is simple. In golf, we have to take the swings to get the ball in the hole. As investors, sometimes the best thing to do is just leave our clubs in the bag.”
Much more in the full article here.
[Thanks to MacDailyNews Reader "Arline M." for the heads up.]
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