Long-term investments

Referring to 1913: Even in these earlier times, finding the really outstanding companies and staying with them through all the fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear.

Philip A. Fisher – American Growth-Investor and Mentor for Warren Buffett (1907-2004), Quotations books 2005 + 2024