Core Viewpoint - The article emphasizes that missing short-term investment opportunities is not a mistake if one focuses on investing in companies with a sustainable competitive advantage and maintains a long-term perspective [5][13][30]. Group 1 - It is normal for a stock with high long-term certainty to not perform as well as others in the short term, which tests the investor's resolve [7][10]. - Switching investment strategies mid-course is discouraged, as it often leads to poor outcomes [11]. - Missing out on short-term gains does not equate to a loss, as staying within one's investment capability is crucial [15][18]. Group 2 - The article references Warren Buffett's strategy of holding cash and waiting for undervalued opportunities, highlighting that even successful investors miss opportunities [22][24]. - A successful investment career can be built on a few correct decisions rather than capturing every market opportunity [25][28]. - Long-term stagnation in a good company's stock price should prompt investors to focus on the company's core competitiveness rather than short-term price fluctuations [30][32]. Group 3 - Patience is essential in investing, as understanding a company's future potential may require a long wait for results [34][36]. - The article suggests that true value investing involves unwavering commitment to a chosen path, which is one of the most challenging aspects of investing [36][37].