In the following video, Fool contributor Matt Thalman takes the old children's bedtime story of the Tortoise and the Hare and relates it to the stock market. Using this easy-to-understand metaphor, he shows that slow and steady will win the race.
Some things in life are better when they are fast, but when it comes to the market, slow and steady wins the race.
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About the Author
Matt first became interested in the stock market while attending West Virginia University. A finance professor told a story about how a few thousand dollars invested in Mylan Pharmaceutical's stock in the 1970's had turned a number of employees, some even working as janitors at the company, into millionaires after holding onto their shares for more than 30 years. The seed of investing in quality stocks and holding those positions for a very long time was planted. After completing his MBA and working in the hospitality industry in Las Vegas for a number of years, Matt joined the Fool as a contributor in 2011. Follow his stock picks on CAPS at TMFMT.
Follow @mthalman5513
Stocks Mentioned
Dow Jones Industrial Average
DJINDICES: ^DJI
$49359.33 (0.00%) $83.11
S&P 500 Index
SNPINDEX: ^GSPC
$6940.01 (0.00%) $4.46
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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