💰 Jason Zweig on “Gain”: One of Investing’s Great Paradoxes

Investor chasing a disappearing stock-market gain while a patient investor waits, illustrating Jason Zweig’s lesson about profits and patience.

The Harder You Chase a Profit, the Faster It May Run Away

Patience May Be Investing’s Most Underrated Edge

In The Devil's Financial Dictionary, financial journalist Jason Zweig defines gain as:


"To earn an imaginary profit on paper, savored temporarily before it turns into an actual loss. In one of the primary paradoxes of finance, those who pursue gains with the greatest intensity are the least likely to achieve them; those who patiently wait for them are the most likely to receive them."