Many people look at investing as an exciting activity. It can be exciting at times, but usually it is rather boring and inactive – much akin to watching paint dry.
I always tell people that paying too much for a stock is the cardinal sin.
I don't normally trade stocks. I buy them and hold them 5, 10 or more years. The key to long-term stock ownership is owning QUALITY stocks at low prices. This approach has worked extremely well for me.
