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Long-Term Investing
Learn how businesses make money, how their financial statements fit together and how long-term investors think about quality, valuation and time.
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Company examples are used to explain concepts only. Nothing here is a recommendation to buy or sell any security.
Beginner
Free
12 minInvesting vs Trading
Investing buys a share of future business earnings; trading rents price movement. The two need different skills and time horizons.
Key points
- Investors underwrite business performance over years
- Traders manage price risk over days or weeks
- Mixing the two mid-position is a common source of losses
Module quiz
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1. A long-term investor's return primarily depends on:
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