facebookWhat do you think about this quote - "Laziness is perhaps the second greatest virtue in investing (after saving)"? - Seedly

Anonymous

08 Jun 2021

Retirement

What do you think about this quote - "Laziness is perhaps the second greatest virtue in investing (after saving)"?

Assuming that the investor still does sufficient due diligence. Being average is an outstanding goal worth striving for, that most investors don’t manage to achieve.

Discussion (8)

What are your thoughts?

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I think it's really about a few things

1) patience and being lazy / inertia to move vs market - this is really just not being influenced by noise and be tempted to buy / sell based on what other people say. To look for suitable investments with right profile / price, if cannot find, just wait. No need to feel busy and worse, buy something wrong.

2) automation (and in some way DCA). Automation keeps emotions out of the decision. Like I can key in order at a fixed price, if it happens, it happens. Value investor will not want to be influenced by fast moving / changing prices that create unnecessary stress.

3) don't try to constantly think about buy / sell to optimize your returns. Be lazy, focus on the core thing that drives your returns, and stop being busy to do stuff like constant rebalancing which jacks up transaction fees. For value investor, if you already picked up good stocks at low price, can afford to wait and collect dividends. No need to think about what if I sell this to gain xx and buy tesla and hope to make another xx?

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Did you get this from a quora answer?
Anyway, I don’t think so. If Wauren Buffet was lazy, he wouldn’t be reading like 500pages everyday. Just saying.

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Laziness in term of looking at the price, once selected the stock just invest monthly without lookin...

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