..the transfer of wealth from the impatient to the patient...

..the transfer of wealth from the impatient to the patient

Warren Buffett wisely said: “Wealth is the transfer of money from the impatient to the patient.” Successful investment is about patience and time.

"The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient" -- Warren Buffett.

Warren Buffet once said that "The stock market is simply the transfer of wealth from the impatient to the patient".

Munger: “It is remarkable how much long term advantage people like us (Buffett and Munger of Berkshire Hathaway) have gotten by trying to be consistently not stupid, instead of trying to be very intelligent”.

"If it was easy , everyone would be doing it." ( some wise dude)

I would much prefer to see the share price higher but it is amusing to see the squirming going on when a share is in consolidation mode. All those classic stock market ailments like FOMO, fear, greed, paranoia rise to the surface and mess with our brains.

All I can say is get back to basics and go over the MBE fundamentals. No need to spell them out, we are all aware of what separates this company from the MNW's,AKP's and PSY's of the world. PROFIT!

No company can keep going up at the pace that MBE appreciated last year and those that bought in at over 20c are frustrated. Have a good look at any share on the ASX that is profitable and check the price rise over a 5 year period. Also check the pull backs and periods of consolidation. Nothing goes up all the time so take a chill pill and relax. Nothing we can do will change the price but the MBE boys are working hard to tick every box that is available to ticked. Be patient and wait for the news to send this higher; it could be 1 month, 3 months, 6 months but it will happen and it will be good.

Personally, I don't care about next month or 6 months…….I am really keen on late 2015 and 2016……can you imagine what could be happening then, with half of the Australian success rate.