Warren Buffett on Time Horizons

“The stock market is a device for transferring money from the impatient to the patient.” -Warren Buffett The Wall Street Journal highlighted a new study showing that the median investor spends just six minutes researching a stock before buying it. It’s no wonder the average holding period for a stock has dropped from roughly 8-10 years back in the 1950s and 1960s to just a few months today. If you don...