{"id":1427,"date":"2021-09-18T23:58:00","date_gmt":"2021-09-18T15:58:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=1427"},"modified":"2025-03-09T09:26:22","modified_gmt":"2025-03-09T01:26:22","slug":"time-discipline-and-patience-are-the-three-elements-of-successful-investment","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/","title":{"rendered":"Time, discipline and patience are the three elements of successful investment"},"content":{"rendered":"\n<p>Buffett said: \u201cSuccessful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time.\u201d I personally think, this one of the best advice Buffet ever gave to investors, especially on mentality and practice.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/#Time\" >Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/#Discipline\" >Discipline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/#Patience\" >Patience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/#Closing_words\" >Closing words<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Time\"><\/span><strong>Time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Almost all investors know how powerful of &#8220;the power of compound interest&#8221;, this is what human being are not able to change or control. However, we could try to invest earlier to mitigate &#8211; there is no way but get investing as early as possible (it&#8217;s hard to control you can live longer).<\/p>\n\n\n\n<p>Time changes many things including stock investment. This is why I spend a whole section 1-3 in my book &#8220;The Rules of Super Growth Stocks Investing&#8221; to emphasize the role time play on investment, no matter you invest real estate, stock, or gold, time is the most important element for a successful investment.<\/p>\n\n\n\n<p>Buffett ever said &#8220;<a href=\"https:\/\/www.inc.com\/marcel-schwantes\/warren-buffett-says-success-will-come-after-you-learn-this-1-rare-leadership-trait.html\" target=\"_blank\" rel=\"noreferrer noopener\">No matter how great the talent or efforts, some things just take time. You can&#8217;t produce a baby in one month by getting nine women pregnant.<\/a>&#8220;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Discipline\"><\/span><strong>Discipline  <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Discipline is the most difficult of the three, the key lies in the ability to persist in execution. To tell the truth, I think this determinate whether invest success or not of most person. <\/p>\n\n\n\n<p>Why I say so? Because discipline is almost all you can control, no excuse or inherent trait at all, there is no room to blame others. If self-control is not your strength, try to improve, find help, or try your best to train, (like some aids&#8211;set top loss in your trading system, don&#8217;t stare at market price,  do exercise and go out instead of watching TV news or check stock price ) otherwise you had better leave stock market as soon as possible before your big lose or time wasted. <\/p>\n\n\n\n<p>This is all about your requirements for yourself,  an ask for yourself, and others cannot help.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Patience\"><\/span><strong>Patience<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Buffett said &#8220;You can&#8217;t produce a baby in one month by getting nine women pregnant.&#8221;, and Buffett wrote in his 2004 shareholders&#8217; letter: &#8220;Be&nbsp;fearful&nbsp;when&nbsp;others&nbsp;are&nbsp;greedy. Be&nbsp;greedy&nbsp;when&nbsp;others&nbsp;are&nbsp;fearful.&#8221; Investors know why and reasonable of it. However, you could ever make it unless you have patience. <\/p>\n\n\n\n<p>No matter how smart or talent you are, or how hard you work, something just need time to happen. Eventually, market will reflect the intrinsic (fair) value of a stock.  Buffett made a metaphor: &#8220;The stock market is a device for transferring money from the impatient to the patient.&#8221;<\/p>\n\n\n\n<p>One of my admire investment master Peter Lynch said: &#8220;You aren\u2019t going to be able to pick the bottom on the price. What usually happens is that a stock sort of vibrates itself out before it starts up again. Generally this process takes two or three years, but sometimes even longer.&#8221; and &#8220;Blue chips can fall down and stay down over a three-year period or even a five-year period.&#8221; <\/p>\n\n\n\n<p>Short seeing is fatal shortage in stock investment because critical business activities plan could not accomplished in at least 2-3 years.  This is also why we need to do long term investment. No matter what investment method or approach you apply, hold stock for long haul is necessary,  or you will never enjoy the fruit of  any 10-bagger, 20-bagger or 30-bagger stock bring to you.<\/p>\n\n\n\n<p>Regarding patience, I suggest you refer to my other blog post &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/16\/patience-to-invest-success\/\">Patience, an indispensable element of investment success<\/a>&#8220;.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"140\" height=\"103\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/09\/ds-1600x1200-1.jpg\" alt=\"discipline \" class=\"wp-image-14033\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Closing_words\"><\/span>Closing words<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Be sure to abide by discipline and patience, and wait until the eligible goals appear, and you have a great chance of success and the grasp of rewards before taking action.<\/p>\n\n\n\n<p>The main spirit I want to convey is\u2014the earlier investment starts, the better. You need to devote yourself, there are no shortcuts, do your homework, invest within your circle of competence, patience plus discipline, and long-term holding can have a decent return. Investment is a marathon of a lifetime race; success only belongs to the one who persists to the end.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/24\/compound-interest-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">The power of compound interest<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/05\/compound-interest\/\" target=\"_blank\" rel=\"noreferrer noopener\">Simple and compound interest calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/21\/why-long-term-investment\/\">Why long-term investment is better?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/30\/irr-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">IRR Calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/25\/stock-worth-holding-forever\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should care annualized rate of return (IRR), How to calculate?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/04\/young-people-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">The great enviable advantages of young people investing in stock<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/\">Time, discipline and patience are the three elements of successful investment<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/22\/deferred-gratification\/\" target=\"_blank\" rel=\"noreferrer noopener\">People who are good at deferred\u00a0gratification\u00a0is more likely to succeed<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/16\/patience-to-invest-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">Patience, an indispensable element of investment success<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Time, discipline and patience are the three elements of successful investment<\/p>\n","protected":false},"author":1,"featured_media":14033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69,392,14,70,43,779,375,11],"tags":[],"class_list":["post-1427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discipline","category-circle-of-competence","category-investing-concept","category-patience","category-peter-lynch","category-risks","category-time","category-buffett"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=1427"}],"version-history":[{"count":32,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":25658,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1427\/revisions\/25658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/14033"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}