The above quote was said by Howard Marks (co-founder and co-chairman of Oaktree Capital Management) .They basically invest in debt securities .His firm is based in USA. He have written two books on investing 1. The most important thing. 2. Mastering the market cycle. . .Do read his memos.
The most important thing to understand while investing in stock markets is, holding for long term always works. Also when you buy and sell stock frequently your broker makes money that's why don't get influenced by stock tips. In real estate people don't flip , then why they think they can money by flipping stocks.
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