Underestimating the Long Term

Today I was reading through my emails and came across a treasured comment:

As you mentioned it seems that nothing really happens in the beginning [profits come slowly at first and then start to exponentially increase] but then it starts to balloon. Is that what you were alluding to at the seminar? All it takes is patience. What I am really saying is that so many of us overestimate the short-term and massively underestimate the long term.

My friend Ifty also sends a link to a great article from Fortune Magazine. It's old but super relevant to your progression as a trader. And a quiz about fear of success.

Posted by Rob on July 9, 2007 03:45 PM | Permalink

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