What does ‘long-term investing’ really mean?
What does the term “long-term investing” really mean? How long is long-term? One of my favorite clients, Jim, just turned 95-years old. He is sharp as a tack. He is a patient, humble, and gracious man. He is definitely a “long-term” investor. When he was born in 1924, the Dow Jones Industrial Average (Dow) stock