I feel no shame at being found still owning a share when…
“I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Investors should accept losses calmly and focus on long‑term outcomes rather than short‑term fluctuations.
In simple terms: Accept loss, think long term.
Key Takeaway
Prioritize long‑term results.
Themes
investment
patience
valuation
Mood
analytical
pragmatic
Type
financial
motivational
When to use this quote
- stock market downturns
- retirement planning
- portfolio rebalancing
- economic cycles
Key Concepts
risk management
equanimity
Questions to Reflect On
- How can investors cultivate equanimity?
- What strategies help maintain long‑term focus?
A Different Perspective
It may ignore the psychological difficulty of watching assets decline.