Motley Fool: A Slackers’ Charter?

Did you know that you can profit more by doing less? Sounds good, doesn’t it? Over-trading, often caused by overconfidence, simply makes you poor and your broker rich; buying for the longer term, not churning your portfolio, is a far better way to make money.

To quote, or possibly misquote, Warren Buffett: “The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.”…

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