The Master Investor treats investing like a business: he doesn't focus on any single investment but on the overall outcome of the continual application of the same investment system over and over and over again. He establishes procedures and systems so that he can compound his returns on a long-term basis. And that's where his mental focus is: on his investment process.
Once you're clear what kind of investments you'll be buying, what your specific criteria are, and how you'll minimize risk, you need to establish the rules and procedures you'll follow to gain the Master Investor's long-term focus.
Bottom line: Focus on your investment process to compound your returns on a long-term basis
Once you're clear what kind of investments you'll be buying, what your specific criteria are, and how you'll minimize risk, you need to establish the rules and procedures you'll follow to gain the Master Investor's long-term focus.
Bottom line: Focus on your investment process to compound your returns on a long-term basis
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