Quantifiable Value of Patience - Article by Barry Steenkamp
“The stock market is a device to transfer money from the impatient to the patient.” — Warren Buffett
Having patience as a fund manager can have an enormous impact on the performance of your fund. The first and most key step is to identify and invest in quality companies. This is a rigorous process that requires meticulous research to identify companies that display strong fundamentals. Once these have been identified, it is important to buy the company’s stock at the right price. Overpaying for a company can have negative long-term consequences in the fund and a share price might take years to reach the entry price again. The power of patience cannot be underestimated in this process.





