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What and how

Growth investing requires patience, diligence and the right outlook

What and how

Investors quickly learn that the fundamental rule of success in any investment is to 'buy low, sell high'. There's an old Wall Street joke that might be a cliché if it didn't hold so much truth. A newcomer asks a seasoned veteran, "How do you make money in the market?" The wise man replies, "Nothing could be simpler: buy low, sell high." The beginner asks, "How can I learn to do that?" The veteran responds, "Ahhhh... that takes a lifetime." This perfectly illustrates the central problem of equity investing. What you need to do is obvious. How it is to be done is the problem.

This story is not available as it is from the Wealth Insight June 2024 issue

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