Ken Stern, Aligned Capital Partners
Set up a long-term investment plan and stick to it. It’s easy to say and difficult to do.
What makes it so hard are the inevitable market extremes, which range from “I can retire today” euphoria to “I hate the stock market” depression. At both ends of the spectrum, it’s hard to see how your plan is relevant. Needless to say, handling cyclical extremes is a big part of being a successful investor.