Part 8/13:
Understanding volatility as a temporary outburst can help investors maintain composure. Staying in control and not reacting impulsively is vital.
Invest in Exceptional Companies
Investing should focus on exceptional, generational companies that are likely to endure over the long haul, rather than settling for merely good companies.
Maintain a Watchlist
Successful investors maintain an ongoing watchlist of companies. Long-term research fosters a sound investment strategy.
Regularly Rebalance Your Portfolio
Portfolio rebalancing is crucial for maintaining a proportionate allocation of assets over time as market conditions change.