On Patience

Getting rich slowly provides a detailed explanation of patience. Remind yourself constantly.

(1) Patience is when you have idle money in your account, but you can still persist in doing nothing, waiting for that perfect investment opportunity.

(2) Patience is when after buying a company's stock, you might be temporarily 'trapped' by the market by 20-30%, yet you can still 'sit tight and wait', not only staying calm but also having money willing to buy more.

(3) Patience is when within your holding portfolio, some stocks don't rise for a year or two, or even fall, while in comparison, stocks you are bullish on but don't hold have long 'sailed past countless mountains', yet you still firmly believe in your choice and are not swayed by various external temptations.

(4) Patience is when you understand that once you've made the decision to buy, you are a partner in this business. The daily market fluctuations, Mr. Market's anxiety or depression, or even the stock market closing tomorrow have little effect on you. What you need to do is discuss the harvest after sowing with your partners several years later.

(5) Patience is using 80% of the difficult, agonizing time to wait for the 20% harvest time.

(6) Patience is when you persist until you almost can't persist anymore, even doubting life and your investment beliefs, you can still use your willpower to overcome the 'human devil' in your heart, thereby allowing yourself to return to the correct path you were already on.

(7) Patience is when others have made tens of percent or doubled their money and 'can't bear' the joy of profit, you can still remain unmoved by temporary paper gains. Or when you've made 10x, dozens of times on a stock, you can still remain composed, clearly understanding the value of the 'business you hold'.

(8) Patience is when you understand the principle of compound interest in your heart, both deeply aware of the power of this magic wand and in awe of its difficulty, thus able to reject the temptation of quick riches, not panicking over temporary 'dark clouds pressing down on the city', and thereby reaching the 'glorious summit' in the joy of 'money making money'.

(9) Patience is when, in seemingly uneventful, mediocre years, you ultimately enjoy an extraordinary outcome in life's wealth.

(10) Patience, in a nutshell, is doing what most people in the market cannot do. Patience is a simple truth known to all, but most people cannot achieve it.