$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
Great quote, I think most investors have a time horizon of between 3-5 months.
@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)
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!
@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.
Even 3 years seems short, but it is true as most right now only watch for the next quarter...