Charlie Munger often emphasized that true wealth is built through patience rather than constant activity. Research shows that medium to long-term traders often outperform short-term traders by more than 60%, simply by holding high-quality assets through market cycles. In financial markets, time acts as a multiplier. A portfolio growing at 10% annually can nearly triple in value over 12 years thanks to compound interest. This highlights that waiting is a strategic advantage, not a passive choice. For entrepreneurs and investors, Munger’s insights serve as a reminder that discipline triumphs over impulsiveness. Making fewer, long-term decisions often leads to more significant results and sustainable growth.