The stock market is a tumultuous place, and it requires serious emotional chops to stick it out over the long run without selling in a time of panic. In fact, the amount of discipline required to successfully practice the buy-and-hold strategy may be the single most difficult thing about it. Some are even of the opinion that great investors are born, not made. If that were the case, it would make sense that there are so few Buffetts in the world.
Qualities like patience, confidence, valuation ability and contrarianism are rarely found together in a single person.
Source: MSN Money
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