One of the important traits of a successful investor is being able to gather information and do sufficient research on the company he is eyeing for, wait patiently on the sideline and execute when value emerges from that opportunity.
For many successful investors, investing action is a minimal activity.
They would spend hundreds of hours gathering information and researching into the company, scuttlebutting the management, and then spend the next hundreds of days or weeks doing nothing just to wait for that one (or if you are lucky more than one) golden opportunity.
There are some retail investors have mistakenly assumed that one golden opportunity as a time when the economy undergoes a patch during recession, and so they waited patiently in cash for that one low hanging fruits opportunity in a lifetime, but that strategy can be costly if they are mistimed.
For the many ...