When it comes to investing, patience is definitely a virtue

I had a very interesting conversation with a client recently.  During the course of our discussion, he mentioned to me that he thought that I was in one of the toughest businesses one could be in.

When I asked what he meant, he explained it was because it was so difficult for so many investors to wait out the bad times, to be patient, to overcome that desire we all have to get rich quick; and that it must be challenging for me, especially in times like these, to convince investors that, in the long run, it will be worth the wait; even if the wait seems endless.

It was a real coincidence that he chose that particular day to have that particular Read More »