Quote #0
The big money is not in the buying and the selling, but in the waiting.
Charlie Munger
About This Quote
Often cited in discussions of long-term investing and patience, emphasizing that returns frequently come from holding quality investments through time rather than frequent trading.
Interpretation
The idea is that disciplined patience—letting compounding and business performance play out—tends to create more wealth than trying to profit from constant transactions or market timing.
Variations
The big money is not in the buying and the selling, but in the waiting.
Misattributions
- Warren Buffett
