I know that this is not a new idea, for we have all heard the story of the tortoise and the hare since we were little. Slow and steady always wins the race.
But it is so easy to forget it when most of what we read in the financial press is written to sell magazines. Slow and steady does not sell magazines.
Having seen the damage that is caused by always looking for the next hot investment, I have been really interested in this idea of slow and steady investing. I love the term "slow capital" that I first heard from Fred Wilson. I would also add "steady." Slow and steady capital comes as close as possible to describing my ideal investment process.
1. Slow and steady capital is far more concerned with avoiding large losses than with chasing the next great investment. Being slow and steady means that you are willing to exchange the opportunity of making a killing for the assurance of never getting killed.
2. Slow and steady capital means you can have a life. If you accept the fact that slow and steady wins the race and you find a way to invest that way, you can turn off all the noise of Wall Street. (more)
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