“More importantly, you have to accept that **volatility is just a part of the game**. It comes with the territory of being an investor. You don’t have to just take it from me, though. Consider the wisdom of [[Charlie Munger]], [[Warren Buffett]]’s long-time business partner: “**If you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to be a common shareholder and you deserve the mediocre result you’re going to get**.” --- **Tags** -- [[quotes]], [[volatility]], [[risk-management]], [[investments]], **Source** -- [[20250201125729 - B - Just Keep Buying]]