Also Read: Kung Fu Panda 4: Four valuable money lessons from Po's journey to becoming the Dragon Warrior Leonidas knew that with a small force, he would be unable to take on the might of the Persians on an open field. Thus, he chose to meet them at the Hot Gates, a small mountain pass that was just 12 metres wide, forcing the enemy into 1-on-1 combat. As a value investor, trying to take on the market in the short term is futile.
That is why we choose our battleground of the medium- to long-term. In the short term, where a price goes or reacts is anyone’s guess, but over a longer period of time (five-seven years), as long as the thesis plays out, it is harder for the market to deny value. “In the short run, the market is a voting machine, but in the long run, it is a weighing machine." Or, to put it another way, “day trading—holding stocks for a few hours at a time—is one of the best weapons ever invented for committing financial suicide." – Both by Ben Graham.
Also Read: Guy Ritchie’s The Gentlemen on Netflix: 2 key money lessons to learn from the series Upon seeing his 300 men, the Athenians questioned Leonidas' small force and dedication to the defence of Greece. Leonidas then asked the Athenians, “What is your profession?" “Potter… blacksmith... sculptor." He turned to the Spartans with the same question, receiving a battle cry.