Don’t try to catch a falling knife; keep your hands off. Don’t approach value investing like gambling. Don’t constantly fantasize about a perfect future. Don’t envy others’ profits. Patience is a virtue—and the greatest dividend you can earn. Missing a move just means you didn’t profit; selling too early means you earned less. But losing money can leave you unable to recover. This lesson, learned through two months of losses—for you, and for me—must be remembered for life.
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