{"id":40346,"date":"2025-12-14T23:56:00","date_gmt":"2025-12-14T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=40346"},"modified":"2025-12-26T12:49:51","modified_gmt":"2025-12-26T04:49:51","slug":"public-reaction-long-term","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/","title":{"rendered":"Public reaction on Almost no long-term Taiwan investors"},"content":{"rendered":"\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\/2025\/12\/14\/public-reaction-long-term\/#From_a_post_several_days_ago\" >From a post several days ago<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#The_reason_for_this_post\" >The reason for this post<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Why_turn_to_accept\" >Why turn to accept?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Key_Points_of_This_Article\" >Key Points of This Article<\/a><\/li><\/ul><\/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\/2025\/12\/14\/public-reaction-long-term\/#Most_Peoples_Responses\" >Most People&#8217;s Responses<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Most_Common_Reasons\" >Most Common Reasons<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#My_View\" >My View<\/a><\/li><\/ul><\/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\/2025\/12\/14\/public-reaction-long-term\/#Investment_gurus_on_%E2%80%9Ctiming_the_market%E2%80%9D\" >Investment gurus on &#8220;timing the market&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#John_Templeton\" >John Templeton<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Bill_Miller\" >Bill Miller<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Buffett\" >Buffett<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Keynes\" >Keynes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Charles_Ellis\" >Charles Ellis<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Facts_prove_stay_in_market_makes_money\" >Facts prove stay in market makes money<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Missing_the_1_period_means_working_for_nothing\" >Missing the 1% period means working for nothing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Over_the_past_30_years\" >Over the past 30 years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Over_the_past_109_years\" >Over the past 109 years<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#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-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"From_a_post_several_days_ago\"><\/span>From a post several days ago<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_reason_for_this_post\"><\/span>The reason for this post<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Several days ago, I attended a media interview for the publication of my new book, &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/26\/investors-beautiful-heaven\/\">Investors Beautiful Heaven<\/a>&#8220;. Public reaction on my three published books on stocks, six years of blogging, interactions with numerous readers, friends, colleagues, and long-term dealings with publishers (all well-known top Taiwanese publishers), I wrote a short post titled &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/26\/long-term-taiwan-investor\/\">Almost no long-term Taiwan investors<\/a>&#8220;<\/p>\n\n\n\n<p>After the post, the public reaction on &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/26\/long-term-taiwan-investor\/\">Almost no long-term Taiwan investors<\/a>&#8221; was overwhelmingly positive. I am especially grateful for several other friends. Please forgive me for not being able to list all their names and reply to everyone.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_turn_to_accept\"><\/span>Why turn to accept?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In short, these friends&#8217; passion, dedication, and achievements in investing are truly inspiring. Several of the letters were from people writing for the first time. They mentioned that they had previously been hesitant, skeptical, and even disbelieving about long-term investing. Later, through accumulated experience and trial and error, and after missing out on substantial profits, they confirmed that long-term investing is the right path, and thus convinced themselves of its importance (this is crucial).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Points_of_This_Article\"><\/span>Key Points of This Article<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In their replies and letters, they shared their views on the topic of long-term investing. This article aims to summarize and organize the experiences and opinions provided by these friends; in addition, it incorporates points I&#8217;ve made on this blog, in my books, and famous quotes from important investment masters regarding long-term investing. I hope to share these again and provide you with some reference.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Most_Peoples_Responses\"><\/span>Most People&#8217;s Responses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Most_Common_Reasons\"><\/span>Most Common Reasons<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The most common reasons I received from friends for why almost no Taiwanese investors engage in long-term investing were: &#8220;The Taiwanese stock market is shallow,&#8221; &#8220;There are almost no stocks in Taiwan worth long-term investment,&#8221; &#8220;Long-term investment in Taiwanese stocks almost always results in losses,&#8221; &#8220;It&#8217;s difficult to pick profitable stocks,&#8221; and &#8220;The stocks I bought haven&#8217;t risen much in the long run and have even resulted in losses.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_View\"><\/span>My View<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>What I want to say is:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As Warren Buffett said, &#8220;Investing is simple, but not easy.&#8221;<\/li>\n\n\n\n<li>Stocks worth investing in (note my use of the word &#8216;investment,&#8217; not &#8216;long-term investment&#8217;) are inherently &#8220;very few.&#8221;<\/li>\n\n\n\n<li>Although outstanding listed companies are very few, it is not an impossible task for a small number of Taiwanese stock market investors to achieve exceptional long-term investment returns; with effort, it is achievable.<\/li>\n\n\n\n<li>Since stocks listed on the Taiwan Stock Exchange are worth considering for long-term investors, &#8220;why not switch to investing in US stocks?&#8221; and &#8220;Are there any regulations preventing Taiwanese people from investing in US stocks?&#8221;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investment_gurus_on_%E2%80%9Ctiming_the_market%E2%80%9D\"><\/span>Investment gurus on &#8220;timing the market&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"John_Templeton\"><\/span>John Templeton<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>John Templeton: &#8220;Long-term, consistent investing will definitely make you money. But if you&#8217;re trying to time the market perfectly, forget it!&#8221; <a href=\"https:\/\/finance.yahoo.com\/news\/charles-schwab-ceo-dont-try-to-time-the-market-144103662.html\" target=\"_blank\" rel=\"noopener\">In September 2025, Rick Wurster, CEO of Charles Schwab, reiterated Templeton&#8217;s maxim on Yahoo Finance&#8217;s &#8220;Opening Bid&#8221; program<\/a>: &#8220;<a href=\"https:\/\/www.franklintempleton.com.sg\/resources\/investor-education\/investing-101\/time-vs-timing-in-the-market\" target=\"_blank\" rel=\"noopener\">It is time in the market, not timing the market, that counts<\/a>.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bill_Miller\"><\/span>Bill Miller <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In October 2021, Bill Miller released his final letter to investors after 40 years of investing, writing: &#8220;What really makes you money is the time you spend in the market, not precise market timing.&#8221; He suggested partially reducing holdings if market valuations are extremely high, but the key is to re-enter when prices are low, because most people forget to re-enter after selling at the peak. &#8220;What we need to believe in is time, not timing; that&#8217;s the key to getting rich in the stock market.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buffett\"><\/span>Buffett <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>At the 2022 Berkshire Hathaway shareholders meeting, Buffett admitted that he had never figured out how to time the market correctly, missing the opportunity to buy stocks at the bottom in March 2020. Buffett said, &#8220;We&#8217;re not good at market timing.&#8221; He added, &#8220;What we&#8217;re good at is figuring out when to get enough capital for ourselves. We don&#8217;t know when to buy what, but we always hope that there will be a period of decline so we can buy more.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Keynes\"><\/span>Keynes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keynes: &#8220;In the long run, to profit from investing, buying a pound of securities for 15 shillings is much safer and simpler than selling a pound of securities for 45 shillings and then trying to buy them back for 12 shillings.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Charles_Ellis\"><\/span>Charles Ellis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Charles Ellis once said, &#8220;When volatility comes, you have to be there. That&#8217;s why market timing is a really evil idea; don&#8217;t try it.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Facts_prove_stay_in_market_makes_money\"><\/span>Facts prove stay in market makes money<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Missing_the_1_period_means_working_for_nothing\"><\/span>Missing the 1% period means working for nothing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Bolton. In his book <em><a href=\"https:\/\/www.amazon.com\/Random-Walk-Down-Wall-Street\/dp\/0393330338\" target=\"_blank\" rel=\"noopener\">A Random Walk Down Wall Street<\/a><\/em>, Burton Malkiel cites research from the University of Michigan, indicating that over a 30-year investment period (7,500 trading days), 95% of returns come from just 90 trading days. Missing these 90 trading days, which represent only 1%, results in zero returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Over_the_past_30_years\"><\/span>Over the past 30 years<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since 1995, missing the 10 best-performing trading days due to panic selling has directly reduced returns by 60-70%; specifically, the Nasdaq index would have lost 68%, the Philadelphia Semiconductor Index 74%, and the S&amp;P 500 and Dow Jones Industrial Average 58%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Over_the_past_109_years\"><\/span>Over the past 109 years<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In Chapter 3 of <em>&#8220;<a href=\"https:\/\/www.amazon.com\/Winning-Losers-Game-Strategies-Successful\/dp\/1264258461\" target=\"_blank\" rel=\"noopener\">Wining the loser&#8217;s game<\/a><\/em>&#8220;, Charles Ellis cites research by Javer Estrada: &#8220;Missing the ten best-performing trading days over the past 109 years means missing out on two-thirds of total returns.&#8221;<\/p>\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>If everything we discuss were easy, wouldn&#8217;t everyone be rich? There would be no Warren Buffett!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"95\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2025\/11\/Reflections-on-LT-Investment-Custom.jpg\" alt=\"Public reaction\n\n\" class=\"wp-image-40347\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-d8a344e9-4edc-4dc1-b981-40aa61d258b5\"><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\/2025\/12\/18\/taiwanese-investor\/\">Investment habits of Taiwanese investors<\/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\/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\/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\/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\/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\/2024\/03\/22\/stock-investment\/\">Why is stock investment a better way to manage money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/29\/the-advantages-of-stock-investment-except-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">The advantages of stock investment, except money<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/10\/27\/portfolio-rebalancing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is portfolio rebalancing unreasonable<\/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\/2022\/08\/17\/possibility-of-long-term\/\">Possibility of long-term holdings, Deep dive on Buffett&#8217;s case<\/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\/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\/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\/2023\/09\/04\/only-us-stocks-valuable\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why are only US stocks the most valuable for long-term investment?<\/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\/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\/03\/20\/long-term-investment\/\">How Buffett Structures His Long-Term Investment Portfolio<\/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>After the post, the public reaction on &#8220;Almost no long-term Taiwan investors&#8221; was overwhelmingly positive. I am especially grateful for several other friends. Please forgive me for not being able to list all their names and reply to everyone.<\/p>\n","protected":false},"author":1,"featured_media":40347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,737,42,20,11],"tags":[],"class_list":["post-40346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-long-term-investing","category-charles-ellis","category-john-maynard-keynes","category-john-templeton","category-buffett"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/40346","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=40346"}],"version-history":[{"count":22,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/40346\/revisions"}],"predecessor-version":[{"id":40649,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/40346\/revisions\/40649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/40347"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=40346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=40346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=40346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}