Many investors dream of discovering the Holy Grail to successful investing. They hope to discover a foolproof method that tells them which stocks to buy and which ones to avoid. Or find a way to guarantee profitable results. But in today’s world, where information travels fast and far, any method that works well will soon be copied by others. In the past, having access to corporate information was a valuable edge for investors. But now, with the internet, anyone can get the same information easily. So, how can you gain a lasting edge over other investors? The answer may surprise you. By investing for the long term, you can benefit from the power of compounding and avoid the noise of short-term fluctuations. Most investors lack the patience and discipline to hold on to their stocks for years. But if you can do that, you will have a rare and powerful edge.

Buy and hold is dead

...