“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”
— Warren Buffett
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Simplified Meaning:
Imagine you are buying a house to live in for many years, not just to sell quickly for a profit. When you buy that house, you think about how comfortable it will be for a long time, not just about how much money you can make from it right away. This is like the idea in the quote—when investing in the stock market, don't focus on making quick money. Instead, choose stocks that you believe will be good investments even if you can't sell them for a long time. This way, you're thinking long-term and making smarter choices. To apply this to your life, when making investments or important financial decisions, think about what will be good for the future rather than just right now. It helps you build more stable and lasting wealth.
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Buy and hold Financial wisdom Investment mindset Investment philosophy Long-term investing Market closure Patient investing Stock market strategy Value investing Warren buffettFEATURED QUOTES
