Mark Moss argues that real investment gains come from waiting, not trading. Wait for the right opportunity, then wait for it to mature. Success requires staying informed about market direction and regularly checking whether your original thesis still holds.
The big money's not made in the buying and the selling. The big money's made in the waiting. The waiting is two things. Number one, I need to wait for the right opportunity. But then number two, I have to wait for the opportunity to develop. These are long-term things. And so what I want to understand is the direction we're going. And then I look at the news, I follow the news to understand, is my thesis still intact or has my thesis changed?
