{"id":30559,"date":"2024-09-26T23:56:00","date_gmt":"2024-09-26T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=30559"},"modified":"2026-05-03T10:59:23","modified_gmt":"2026-05-03T02:59:23","slug":"long-term-investment-2","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/","title":{"rendered":"Andy Lin&#8217;s long-term investment experience sharing"},"content":{"rendered":"\n<p>We recommend that you also read this article&#8217;s sister post:&#8221;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/24\/andy-lin-investment-style\/\">The key points of Andy Lin investment style<\/a>&#8220;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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\/2024\/09\/26\/long-term-investment-2\/#Rarely_trade\" >Rarely trade<\/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\/2024\/09\/26\/long-term-investment-2\/#Annualized_rate_of_return_IRR_is_everything\" >Annualized rate of return (IRR) is everything<\/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\/2024\/09\/26\/long-term-investment-2\/#Concentrated_investment\" >Concentrated investment<\/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\/2024\/09\/26\/long-term-investment-2\/#Investor_rewards\" >Investor rewards<\/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\/2024\/09\/26\/long-term-investment-2\/#Great_companies_are_rare\" >Great companies are rare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/#The_power_of_compound_interest\" >The power of compound interest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/#Simple_is_truth\" >Simple is truth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/#Patience_payoffed\" >Patience payoffed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/#Relative_articles\" >Relative articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rarely_trade\"><\/span>Rarely trade<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>From my long-term investment experience, I have made statistics myself. Judging from the transaction amount as a percentage of the total amount of my investment portfolio, looking back on the past nearly thirty years of investment career, the average annual turnover rate is below single-digit percentages. <\/p>\n\n\n\n<p>The number of stocks I have bought, in terms of the number of stocks I have bought, in my nearly thirty years of investing career, is honestly very small.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annualized_rate_of_return_IRR_is_everything\"><\/span>Annualized rate of return (IRR) is everything<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I have published in my two books &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8221; and &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641\" target=\"_blank\" rel=\"noopener\">The Rules of 10 Baggers<\/a>&#8221; and my blog have repeatedly emphasized the importance of annualized return: (&#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;)<\/p>\n\n\n\n<p>In a nutshell, I only care about my long-term annualized return, because for long-term investors, it represents long-term compound interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concentrated_investment\"><\/span>Concentrated investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In my nearly thirty-year career, these top positions have always accounted for more than three-quarters of my investment portfolio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investor_rewards\"><\/span>Investor rewards<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When I first bought the stocks in my portfolio, none of them had ever carried out share repurchases or distributed dividends, two of the ways listed companies give back to investors.<\/p>\n\n\n\n<p>After long-term investment, more than half of the holdings in my investment portfolio now pay dividends. Only one stock has not undergone share buybacks so far.<\/p>\n\n\n\n<p>In my nearly thirty years of investing, I have experienced many stock splits.<\/p>\n\n\n\n<p>I have mentioned in my books and blog articles: <em><strong>For all excellent and rare listed companies that are worth holding for a long time, it is inevitable that the company will give back to investors.<\/strong><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Great_companies_are_rare\"><\/span>Great companies are rare<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In addition to what I have repeatedly emphasized in my two books &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8221; and &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641\" target=\"_blank\" rel=\"noopener\">The Rules of 10 Baggers<\/a>&#8220;, readers can click on my two previous posts: &#8220;&#8221;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/08\/12\/good-companies-are-rare-two-or-three-will-make-you-very-rich-take-texas-instruments-as-an-example\/\" target=\"_blank\" rel=\"noreferrer noopener\">Great companies are rare, two or three will make you very rich<\/a> and &#8220;&#8221;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/01\/25\/make-u-very-rich\/\">Two or three stocks in your life can make you very rich<\/a>&#8220;.<\/p>\n\n\n\n<p>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/07\/a-few-in-lifetime\/\" target=\"_blank\" rel=\"noreferrer noopener\">Do it right a few times in your lifetime is enough<\/a>&#8221; Yes, I am a witness. My portfolio reflects what I said in these two previous posts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_power_of_compound_interest\"><\/span>The power of compound interest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The final result that can be seen in long-term investment is &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Compound Effect<\/a>&#8220;, but the biggest contributor to compound interest is &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/18\/exponential-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exponential growth can produce excess returns<\/a>&#8220;. This is what we said &#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;.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simple_is_truth\"><\/span>Simple is truth<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Simple and clear truth is the truth, &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/20\/simpler-investment-better\/\" target=\"_blank\" rel=\"noreferrer noopener\">The simpler the investment, the better<\/a>&#8220;. As I quoted in the preface to my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106\" target=\"_blank\" rel=\"noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;, Buffett told Bezos, &#8220;Because no one wants to get rich slowly.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Patience_payoffed\"><\/span>Patience payoffed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Buffett: &#8220;Successful investing requires time, discipline and patience.&#8221; &#8220;No matter how talented you are or how hard you work, some things just take time, just like giving birth to a baby takes 9 months no matter what.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All of the above are based on long-term investment. Without long-term investment, none of this would be possible.<\/p>\n\n\n\n<p>There are no shortcuts on stock investment. I spend most of my time on reading, including annual reports of listed companies, financail news from trusted prividers, classic investment books, business books, biographies of several investment masters, write regular columns for magazine and my blog posts. Among them, the one that takes me the most time in a day is the financial reports of listed companies.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"178\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/09\/Hold_for_long_haul-Custom.jpg\" alt=\"long-term investment \" class=\"wp-image-30560\"\/><figcaption class=\"wp-element-caption\">credit: Ideogram<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relative_articles\"><\/span>Relative 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\/2025\/11\/26\/long-term-taiwan-investor\/\">Almost no long-term Taiwan investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/04\/28\/stock-investing-book\/\">Stock Investing Books recommended by Andy Lin<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/\">Public reaction on Almost no long-term Taiwan investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/26\/investors-beautiful-heaven\/\">Andy Lin&#8217;s third US stock book &#8220;Investors Beautiful Heaven&#8221;, ship worldwide, free shipping to Taiwan<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/27\/the-rules-of-10-baggers\/\">Andy Lin&#8217;s second US stock book released &#8220;The Rules of 10 Baggers&#8221;, ship worldwide, free shipping to Taiwan<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/31\/the-rules-of-super-growth-stocks-investing-my-first-us-stock-book-ship-worldwide-free-shipping-to-taiwan\/\">&#8220;Andy Lin&#8217;s first US stock book &#8220;The Rules of Super Growth Stocks Investing&#8221;, ship worldwide, free shipping to Taiwan<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/18\/search-andy-lin-website\/\">Powerful full-text search Andy Lin website is now online<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/24\/andy-lin-investment-style\/\">The key points of Andy Lin investment style<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Andy Lin&#8217;s long-term investment experience sharing<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/08\/investment-strategy\/\">What is an investment strategy?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/granitefirm.com\/us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Andy Indices will be daily updated on the homepage<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/07\/26\/how-to-invest\/\">&#8220;How to Invest&#8221; <\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/14\/simplified-chinese\/\" target=\"_blank\" rel=\"noreferrer noopener\">Blog supports Simplified Chinese auto display<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/english-website-and-blog\/\" target=\"_blank\" rel=\"noreferrer noopener\">English version of the website and blog are online<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/04\/29\/top-10-read-articles\/\">The First Anniversary Review: Top 10 read articles in Andy Lin&#8217;s blog<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/01\/second-anniversary\/\">The Second Anniversary Review: Top 10 read articles in Andy Lin&#8217;s blog<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/09\/third-anniversary-review\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Third Anniversary Review: Top 20 read articles in Andy Lin&#8217;s blog<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/01\/fourth-anniversary-blog\/\">The Fourth Anniversary Review: Top 20 read articles in Andy Lin&#8217;s blog<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/05\/02\/fifth-anniversary-review\/\">The Fifth Anniversary Review: Top 20 read articles in Andy Lin&#8217;s blog<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/27\/the-rules-of-10-baggers-launch\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers book release event and speech, Taipei (1:00~2:00 pm, 10\/16\/2022)<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/10\/13\/10-baggers-tainan\/\" target=\"_blank\" rel=\"noreferrer noopener\">New book Release event and speech Tainan for The Rules of 10 Baggers (2:00~3:00 pm, 11\/26\/2022(Sat))<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/22\/deferred-gratification\/\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;<\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/22\/deferred-gratification\/\" target=\"_blank\" rel=\"noreferrer noopener\">People who are good at deferred&nbsp;gratification&nbsp;is more likely to succeed<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Compound Effect<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/18\/exponential-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exponential growth can produce excess returns<\/a>&#8220;<\/li>\n\n\n\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\/2021\/08\/18\/why-concentrated-investment\/\">Why concentrated Investment?<\/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\/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\/2022\/05\/16\/patience-to-invest-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">Patience, an indispensable element of investment success<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stocks are the best bet for long-term investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/08\/12\/good-companies-are-rare-two-or-three-will-make-you-very-rich-take-texas-instruments-as-an-example\/\" target=\"_blank\" rel=\"noreferrer noopener\">Great companies are rare, two or three will make you very rich<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/07\/a-few-in-lifetime\/\" target=\"_blank\" rel=\"noreferrer noopener\">Do it right a few times in your lifetime is enough<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/01\/25\/make-u-very-rich\/\">Two or three stocks in your life can make you very rich<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/20\/simpler-investment-better\/\" target=\"_blank\" rel=\"noreferrer noopener\">The simpler the investment, the better<\/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>Andy Lin&#8217;s long-term investment experience sharing: Rarely trade, Concentrated investment, Investor rewards, Great companies are rare, The power of compound interest, Patience payoff, Simple is truth<\/p>\n","protected":false},"author":1,"featured_media":30560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1548,392,1151,36,69,163,33,19,18,1412,35,71,70,67,164,162,786,675,165,375],"tags":[],"class_list":["post-30559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-philosophy","category-circle-of-competence","category-compound-interest","category-concentrated-investing","category-discipline","category-dividend","category-growth-investing","category-investing-principles","category-investing-strategy","category-investment-return","category-long-term-investing","category-out-of-the-ordinary","category-patience","category-perseverance","category-repurchase","category-shareholders-reward-programs","category-simplility","category-site-announcement","category-stock-split","category-time"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/30559","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=30559"}],"version-history":[{"count":47,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/30559\/revisions"}],"predecessor-version":[{"id":42098,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/30559\/revisions\/42098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/30560"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=30559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=30559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=30559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}