Just as a seasoned batter knows which pitches to let pass, the wise investor understands that success isn't about swinging at every opportunity. In baseball and investing, patience is your batting average's best friend - you wait for that perfect pitch, that fat opportunity right in your wheelhouse. The crowd might get restless watching you take pitch after pitch, but remember: the most dangerous position in baseball isn't with two strikes - it's with FOMO whispering "swing!" at every breaking ball that looks tempting on the way in, but breaks your portfolio on the way down. “You have to be very patient, you have to wait until something comes along, which, at the price you’re paying, is easy. That’s contrary to human nature, just to sit there all day long doing nothing, waiting. It’s easy for us, we have a lot of other things to do. But for an ordinary person, can you imagine just sitting for five years doing nothing? You don’t feel active, you don’t feel useful, so you do something stupid.” Tao of Charlie Munger David Clark