Investing Success Favors Discipline, Patience, and Independent Critical Thinking
• Focus on proper investing behavior and mindset, like avoiding market timing and maintaining a long-term perspective
• Pick high-quality companies with economic moats, reasonable valuations, and growth potential
• Don't overpay for stocks, even for great companies
• Try to think independently when making investment decisions instead of relying on third-party sources
• Develop critical assessment skills to determine on your own if an investment is sound