Long term investing success !

Societies  may advance significantly from one generation to the next in terms of the standard of living, scientific and technological progress,  but the basic instincts like fear and greed in areas like stock investing seldom change. In this day and  age with the rapid flow of communication, the emotional and psychological aspects further dominate the overall investment process. The day to day, minute by minute appraisal of businesses in the form of stock price fluctuations doesn't reflect  true characteristics of a business. At times, it deviates a lot from the fundamentals. For a long term  investor, this disparity provides an opportunity to buy pieces of good businesses. Stock market can be very inefficient in the short term, but it's brutally efficient in the long run. But the markets in the long run reward patience over brilliance if history is any guide.


Cycle of investor emotions :