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You are here: Home / 2026 / Archives for May 2026

Archives for May 2026

The Noise You Mistake for Thinking

My new book, The Long Game, is available now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time. Click here to get your copy.

Click Here to Order Now


It was 6 AM and I was the only person at the temple.

Well, not exactly. There was a monk somewhere, because I could hear the soft sound of a broom against a stone floor. It seemed irregular and unhurried. I also heard a few birds in the pine trees nearby. There was the smell of something burning, incense maybe. But for all practical purposes, I was alone.

I had walked there from my hotel before the crowd would start coming in. The town of Kanazawa was still asleep. The streets were narrow. I passed a man arranging flowers outside a shop that wasn’t open yet. He didn’t look up, and I didn’t stop.

I reached the temple, found an unlocked gate, and went in.

I sat on a stone step and did nothing.

[Read more…] about The Noise You Mistake for Thinking

What I Mean When I Say ‘Long Term’

New Book Alert: The Long Game is Available

My new book, The Long Game, is available now. The book contains reflections from 30 investors who’ve survived decades of market cycles. You’ll learn how to tune out the noise that makes you second-guess yourself, handle the fear and greed that hurt your decisions, and stick to principles that actually compound wealth over time. Click here to get your copy.

Click Here to Order Now


I have been writing about long term investing for over fifteen years now. And for all these years, I’ve been writing some version of the same sentence.

“Think long-term.”

“Own businesses for the long-term.”

“The long-term takes care of itself.”

I have written it in newsletters, said it on stage, and most of all, reminded it to myself.

I still believe it.

But, over these years, I’ve also realised that I’ve been using it the way temple priests use mantras. The sound of it has done a lot of work that the meaning of it never quite did. And readers who have followed me for a while deserve to know what I actually mean when I use those two words (wishing myself good morning, fifteen years later!), because the gap between how the phrase sounds and what it asks of you is wider than I usually let on.

So here is what I mean.

[Read more…] about What I Mean When I Say ‘Long Term’

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