The big money is not in the buying and selling, but in the waiting.

Investors
Charlie Munger
Born in 1924 in Omaha, Munger was Berkshire Hathaway's vice chairman and Buffett's partner for over half a century. His mental-models framework and inversion thinking expanded value investing beyond financial analysis.
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Charlie Munger's Other Quotes
Invert, always invert.
Spend each day trying to be a little wiser than you were when you woke up.
To a man with a hammer, everything looks like a nail.
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines.
Related Quotes
Endure and renounce.
-- Epictetus
Fire tests gold; adversity tests strong people.
-- Seneca
Bodily pain does not last without limit; intense pain is brief in duration.
-- Epicurus
If you carve without ceasing, even metal and stone can be engraved.
-- Xunzi
He who has a why to live can bear almost any how.
-- Friedrich Nietzsche
Energy and persistence conquer all things.
-- Benjamin Franklin