---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/28061146.md"
description: "The investment process involves 80% of the time spent in patience and waiting, with truly joyful moments accounting for less than 20%. Stock investment returns are "non-linear," and you must endure the loneliness of those 80% of the time. Many people try to avoid the 80% of volatility or consolidation and only enjoy the 20% of upward movement, but when you entertain this thought, what you often lose is 100%.— Peter Lynch   The market is always born in despair, grows in skepticism, matures in anticipation, and is destroyed in hope.— John Templeton"
datetime: "2025-03-13T06:21:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/28061146.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/28061146.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/28061146.md)
author: "[读尽人间书](https://longbridge.com/en/profiles/13205575.md)"
---

# The investment process involves 80% of the time sp…