Beaver Capital's avatar
$99.5m follower assets
Quote from an investing legend.
“Maintaining a 3-5 year horizon for your stock market investments should give you a large advantage over most investors. It is also the minimum time frame for any meaningful comparison of the risks and results of alternative investment strategies.”

  • Joel Greenblatt
Reasonable Yield's avatar
Great quote, I think most investors have a time horizon of between 3-5 months.
Beaver Capital's avatar
@reasonableyield and that is what makes markets inefficient in the short term = opportunities to capture alpha for us long term investors (if we do our homework/research)
Sidni Standard's avatar
Love this. Most people are unfortunately stuck in this mindset of "getting rich quick" but oftentimes when you make money quick, it slips through your hands quick. Better to give a longer time frame!
Beaver Capital's avatar
@sidnistandard Sidni, I definitely agree! It goes along with one of my favorite sayings… “play stupid games, win stupid prizes”

I always try to think… where do I picture this business in 5 or 10 years from now.
Rihard Jarc's avatar
Even 3 years seems short, but it is true as most right now only watch for the next quarter...