Seth Klarman: A Long-Term View Is Key

Investing is a long-term process. Trying to make a quick buck in the market is possible, but it's hard work and difficult to achieve multiple successes. Having a  long-term outlook is critical to successful investing. Building a business takes years, but over time the rewards should pay off. Patience is required in the mean time, and if you try to rush the process of profit creation, you investing career may end in tears.

[klarman]

Shares are not lottery tickets, they're an ownership stake in a business and should be treated as such. You wouldn't have your house valued every day, so why would...