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Why investing for long-term goals is like running a marathon

Investing involves striving for steady and consistent progress rather than trying for one big spurt in performance

October 13, 2021 / 10:17 AM IST

Sprints and marathons are completely different sports. Sprinting is about running as fast as you can to reach a short-term goal. In a marathon, you aim to reach a much longer distance, a long-term goal. It requires pacing yourself in such a way that you don’t exhaust all your energy mid-way. It requires focus and discipline. It is as much about mental fitness as it is about physical energy. Investing is hence often said to be like running a marathon. Investing involves committing significant time and energy. It involves striving for steady and consistent progress rather than trying for one big spurt in performance.

Eliud Kipchoge is a great runner. He has won numerous awards and is a record holder. This success is due to his skills, efforts, training and discipline. But the way his team manages the factors external to him plays an important role in helping him reach his personal best.

Here are some parallels in the world of investing.

Choosing an investment strategy is akin to choosing a venue