Patience is a lesson the stock market is more than willing to teach. Despite undergoing 38 crashes or corrections since 1950, the benchmark S&P 500 has eventually put every single decline firmly in the rearview mirror and blasted to new highs.
Patience can be especially valuable when putting your money to work in high-growth, innovative businesses. Allowing your investment thesis to play out over many years could turn a sizable sum of cash into a life-changing amount of money.