Editor: For almost all investors, “very” long term meant 40 to 60 years and back then they were relatively young and had little to no money to even think about investing long term or short term.
“We are very long-term investors, we do not engage in market timing, stock picking or tactical asset allocation on any level, and we do not react to market movements or economic news,′ he explained.
In fact, these days, having “a sound investment process is more important than ever.” – CNBC quoting a money manager