Week 39 Day 6: The Psychology of Patience: Why Long-Term Wins

The stock market rewards patience and punishes impatience. Over one-day horizons, stocks are roughly a coin flip. Over one-year horizons, stocks are positive approximately 75% of the time. Over 20-yea...

The stock market rewards patience and punishes impatience. Over one-day horizons, stocks are roughly a coin flip. Over one-year horizons, stocks are positive approximately 75% of the time. Over 20-year horizons, stocks have never lost money in the entire history of the U.S. market. Time converts volatility into wealth.