Patience and time. That is all humans have ever needed.
The problem is that both of those are the most elusive things to most of us mortals.
We tinker when we shouldn’t tinker.
We get bored and we sell off one investment and trade it for another.
We have a few pounds that we all want to lose but lack the requisite patience it takes to do the work to drop them.
The fact is that most of us simply lack the necessary tools it takes to commit to something for the long haul.
While all of us dream of being as good of an investor as Warren Buffett, the reality is that our real heroes should be the dead!
Remember that Fidelity study that found that, the best investors are the dead ones?
It’s not because they chose better stocks than you. They didn’t.
It’s not because they had more patience than you. They didn’t.
They died…and that act of dying committed their account to ONE path.
And as it turns out, committing to that path, outperforms other investors!
The more you tinker, the more you change your strategy, the more impatience you have, and the worse you will perform.
And again, this goes beyond investing…
You can’t lose weight if you don’t commit to eating healthier and working out.
You can’t get a promotion at work if you aren’t committed to doing the little things that set you above and beyond your peers – including playing office politics.
You won’t build wealth if you can’t save your earnings and invest them in the first place.
THE best thing you can do for yourself is to commit to ONE path and stick to it.
Conclusion
You don’t need a fad diet to lose weight.
You don’t need a ten-bagger to build wealth.
All you ever needed was to commit!
So learn from the dead: don’t touch your investments. Just don’t.
Stop playing around in your life: commit.