Time benefits strong companies. Over time they increase earnings and shareholder equity, which eventually the stock market will reward by increasing their stock prices. Underlying business operations in relation to stock price determine whether to buy, hold or sell a stock. If operations remain strong, the decision to sell is rare.

Investors ought to eschew any form of short-term methodology for superior returns, even a methodology courting value-investor sensibilities (i.e., "buy big on price crashes"). Slow, steady, and piecemeal wins the race - this approach avoids the regret and tragedy resulting from big, bold movements.*

*"Immo ut scias - inquit [Maharbal] - quid hac pugna [Cannae] actum sit. Quinto die in Capitolio Romano cenabis. Sequere me Hannibal! Cum equitibus praecedam ut Romani te venisse priusquam te venturum esse sciant!" . . .

"Respexit [Hannibal] saepe Italiae litora - et deos hominesque accusans in se quoque ac suum ipsius caput exsecratus est - quod non cruentos ab Cannensi victoria milites Romam duxisset."