There are people who do nothing but.....
There are people who do nothing but invest in the stock market and go about their daily lives without looking at it.
Investing is a marathon, not a sprint. Like waiting for paint to dry, it requires a long-term perspective. By embracing the seemingly dull nature of investing, individuals can resist the temptation of short-term market noise and focus on the bigger picture.
I plant some trees, normally in the winter (bear market) and do nothing, those trees lose everything in the winter but they grow and grow and now some of them they are producing great fruit. No one protects their trees in the winter . it is what it is.
From Stingy Investor Blog
Apart from articles by Benjamin Graham and Warren Buffett, I was most influenced by Robert Kirby's discussion of the Coffee Can Portfolio which was first published in the Journal of Portfolio Management in 1984.
Robert Kirby thought that investors would be well served by purchasing small amounts of many stocks and then forgetting about them for ten years. While discussing his investment counsel business he related an interesting anecdote.
"I had worked with the client for about ten years, when her husband suddenly died. She inherited his estate and called us to say that she would be adding his securities to the portfolio under our management. When we received the list of assets, I was amused to find that he had secretly been piggy-backing our recommendations for his wife's portfolio. Then, when I looked at the total value of the estate, I was also shocked. The husband had applied a small twist of his own to our advice: He paid no attention whatsoever to the sale recommendations. He simply put about $5,000 in every purchase recommendation. Then he would toss the certificate in his safe-deposit box and forget it.
Needless to say, he had an odd-looking portfolio. He owned a number of small holdings with values of less than $2,000. He had several large holdings with values in excess of $100,000. There was one jumbo holding worth over $800,000 that exceeded the total value of his wife's portfolio and came from a small commitment in a company called Haloid; this later turned out to be a zillion shares of Xerox."
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