My favourite Charlie Munger's wise saying is "The Big Money is not in the Buying and Selling but in the Waiting".
That is why I believe in investing in quality stocks that tick the core fundamentals of profitability, rock solid balance sheet and an excellent management and holding them long term.
A good example is $Alphabet(GOOGL)$ which has just announced its first ever dividend. When it went below USD 100, I did not panic sell but held on till now.
Thanks to Charlie Munger I am now up 51% on Google. That is why Charlie Munger is my favourite investment guru.
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