If you took our top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.
- Charlie Munger
Munger is referring to the python game, with the principles in mind. Patience is the virtue of the value investor. Once you have the game plan, wait for the opportunities to come by, which will happen when the Mr.Market is in a bad mood. In between relax and enjoy the dividends and read the newspapers to keep you up-to-date with the happenings around.
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