A long-term investor is the only kind of investor there is.
The lesson is clear: Don’t just do something, stand there. It’s time for everyone to acknowledge that the term “long-term investor” is redundant. A long-term investor is the only kind of investor there is. Someone who can’t hold on to stocks for more than a few months at a time is doomed to end up not as a victor but as a victim.
―The Intelligent Investor, Commentary of Chapter 6
ちなみにlong-term investorの定義は、ここでは who traded a minuscule 0.2% of their total holdings in an average month, と持株の0.2%しか動かさない人のこと。年2.4%ってそこまで長期で持てるか。。？