“If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.”
– Charlie Munger
A wise man once said “The early bird gets the worm, but the second mouse gets the cheese”. True there are many choices we make that can only be made spur of the moment, but like another man said “Patience is a virtue“.
It’s not always about the quick decisions we make, sometimes it’s simply a matter of waiting for the best, and pouncing.