korrents

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Being average for an above-average period of time can lead to a well above-average result, because endurance rather than this year's return is the variable that matters.

Drawn from what Morgan Housel said

Subjectspatienceinvesting
What these subjects mean

patience Waiting for results: whether patience compounds into the thing that wins, or impatience is how work gets done fast.

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

What Morgan Housel actually said

  1. Morgan Housel Partner at Collaborative Fund and author of The Psychology of Money
    if I can be average for an above average period of time that leads to a way above average result it's not it's it's not about like what are the returns that I can earn this year if I can earn 8% returns for 50 years the results are ridiculous the results are absurd and so maximizing the variable that matters which is time and endurance

    Where this was said

    Watch from 1:12:03 plays here

    ↗Morgan Housel: What You Need to Master (And Avoid) to Get Rich, Stay Rich, and Build Wealthyoutube.com

    28 May 2024 · video · 1h 34m · spoken · machine transcript

    All 12 korrents from this recordingthis one is 11th

Added to korrents 9 Oct 2026 · How quotes work · Something wrong? Tell us

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