People are always looking around for the secret formula for winning on Wall Street, when all along, it's staring them in the face: Buy shares in solid companies with earning power and don't let go of them without a good reason. The stock price going down is not a good reason.
To get that 11%, you have to pledge your loyalty to stocks for better or for the worse - this is a marriage we're talking about, a marriage between your money and your investments. You can be a genius at analysing which companies to buy, but unless you have the patience and the courage to hold on to the shares, you're an odds-on favorite to become a mediocre investor.
It is not always brainpower that separates good investors from bad; often, it's discipline.
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