Wait for the Right Opportunity Don’t Swing at Every Pitch

Lying in Wait

You obviously have to get your analysis right to be a great investor, but success also comes down to patience. We think of ourselves as like a lion lying in wait. There are plenty of gazelle running around, but we can’t run after them all, so we wait for one to get within 125 feet before we go. Not 150 feet or 200 feet, but no more than 125. Sometimes the market offers up those great kills and we try our best to be ready and to take advantage when they come along.
Source: http://www.valueinvestorinsight.com/

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