Investing is a marathon – not a sprint

Investors sometimes may get frustrated with their investments because those investments don’t seem to produce quick results. Perhaps that’s understandable in our fast-paced society, in which we’ve grown accustomed to instant gratification. But investing is, by nature, a long-term activity. If you look at it in terms of an athletic event, it’s not a sprint, in which you must pull out all the stops to quickly get where you’re going. Instead, it’s more like the 26.2-mile race known as a marathon.

And as an investor, you can learn a few things from marathoners, such as:

• Preparat...