A Metaphor for
Investing for the Long Run
“Imagine that you had to drive from New York City to
San Francisco. You’re in downtown Manhattan hopelessly
stuck in traffic. Bicycle messengers are whizzing past.
You jump out of your car, sell your car on the spot
(at a ridiculously low price), buy a bicycle, and continue
your trip to the West Coast.
As absurd as this scenario sounds, investors do it everyday
when they make short-term decisions for long-term journeys.
Stick with a vehicle that will take you to the end of
Quote from Don Connelly