Investment Strategy - The industry emphasizes the importance of disciplined investing and maintaining a long-term investment horizon [1][2] - The industry advises against being hesitant to invest and take risks when return potential is highest [2] - The industry suggests having an investment plan and sticking to it [2] - The industry cautions against assuming something is attractive simply because it has decreased significantly [2] - The industry also cautions against assuming something is expensive or missed simply because it has increased significantly [2] - The industry advocates letting winners run and not cutting them short [3] Portfolio Management - The industry highlights the importance of not "cutting your flowers and watering your weeds," implying focusing on successful investments [3] - The industry suggests that allowing winners to run has been a successful strategy [3]