WHY IS DISCIPLINE SO CRITICAL TO SUCCESS?
When money is involved, our emotions and ego come into play. If we add in an almost infinite number of things to consider when making investment decisions, it is easy to understand why even the brightest of the bright find sustained success in the financial markets to be frustratingly elusive.
Like anything else in life, taking the time to understand the key variables before developing sound strategies and tactics, greatly improves our odds of sustained success versus a haphazard and emotionally-driven approach.
Discipline and mental toughness are arguably the most important elements of long-term investing.