Short-term vs Long-term - The I.G.Y. Foundation
igyfoundation.org.uk
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Short-term vs Long-term - The I.G.Y. Foundation

Saved by sari and

While the case for long-term investment has tended to centre around simple mathematical advantages such as reduced (frictional) costs and fewer decisions leading (hopefully) to fewer mistakes, the real advantage to this approach, in our opinion, comes from asking more valuable questions.