Beer & Co, Revise Price Target to $20!, page-140

Yes, some quotes I collected that I feel are particularly useful here:

Patience is your biggest asset when investing in a great business. Time always pushes out the weakly convicted and creates opportunities for those with a long-term perspective.

Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500%.

A successful long-term investor today needs to be incredibly focused on knowing what they own better than others. This means they cannot depend on others for their due diligence.

You need to do the work. You can borrow someone else’s stock ideas (@tukebay) but you can’t borrow their conviction.

A multi-baggers journey is filled with the corpses of highly intelligent-articulate naysayers. There isn’t one great stock or company that wasn’t credibly doubted all the way up.