Quote of the day by Charlie Munger: ‘Big money not in buying and selling, but…’

Charlie Munger, the co-founder of Berkshire Hathaway, emphasizes the importance of patience in investing, advocating for a strategy focused on long-term growth rather than frequent trading. He suggests that retail investors can achieve greater success by waiting for the right market opportunities and maintaining their stock holdings, rather than getting caught up in the hustle of buying and selling. Munger's insights reflect a broader investment philosophy that values careful analysis and strategic decision-making over impulsive trading behavior. This approach encourages individuals to cultivate a disciplined mindset, which can lead to more sustainable financial success in the competitive landscape of stock markets.