Saturday, 25 May 2013

Today's Words of Investing Wisdom: The Longer Time Horizon is Your Friend

The most important change in my 40 years of investing has probably been in investors’ time horizons. Today the majority of investors – Ben Graham would call them speculators – are focused so closely on this week, this month and this quarter. Stocks are bought and sold on penny deviations from short-term estimates, which is mind-boggling. Crazy as it is, we can’t complain – it just creates more opportunities for investors with longer time horizons.
William Nasgovitz, 30 September 2008 (through Valueinvestorinsight.com)

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