12 Eye-Opening Quotes By Investing Legends That Will Change Your View on Volatility | HackerNoon

While these drawdowns are always painful, they are nothing out of the ordinary.Just take a look at the chart below.

Holding through multiple 50 to 80% crashes takes an insane level of conviction and mental resilience. Those with experience understand that you don’t get the right to enjoy exponential return without stomaching lots of pain along the way.Here are a few of my favorites:Shelby Cullom DavisI've always said the key organ here isn't the brain. It’s the stomach.

“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”“Far more money has been lost by investors trying to anticipate corrections than lost in the corrections themselves.”Shelby Cullom Davis

“Your success in investing will depend in part on your character and guts and in part on your ability to realize, at the height of ebullience and the depth of despair alike, that this too, shall pass.”Benjamin GrahamTo sum up, it’s essential to realize if you want to be a day trader or an investor. If you’re trying to outsmart the markets or simply dollar-cost-average into a great asset.

The investing legends and the data confirm that the DCA investors tend to overperform the traders over the long term.

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