On the one hand - I agree you have to be patient in order to execute at the right times. On the other hand, that's only in terms of timing...<p>You can't be patient and wait for opportunities. You have to be consistently searching for them, and execute as you find them - staying as nimble as possible.<p>For instance, I am always 100% invested, but always in various types of assets. Some investments I can get my money out in 24 hours, others take weeks or months to divest. That enables me to execute quickly when I see opportunity, but only in a limited fashion.<p>I don't believe it's "impatience" that keeps me invested at that level. It's the fact that, being idol does nothing.<p>Hell, I'm even platform around identifying new opportunities. I didn't / don't want to be patient, so now I'm building something to enable faster decisions:<p><a href="https://projectpiglet.com" rel="nofollow">https://projectpiglet.com</a><p>Kind of reminds me of a similar parable from the story Time Enough for Love by Robert Heinlein, in it there was a man "too lazy to fail"[1]. The idea is summed up by a quote:<p>> Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something.<p>Ambition is just trying to accomplish things. In my opinion, it's impatience that pushes us to solve problems, else we'd all settle for the way things are. The trick, is learning to solve them in a way that mitigates risk. Which is really what the author is trying to get at. Arrogance (or over confidence) might be a better description of the pitfall, than impatience.<p>[1] <a href="https://en.wikipedia.org/wiki/Time_Enough_for_Love#"The_Tale_of_the_Man_Who_Was_Too_Lazy_to_Fail"" rel="nofollow">https://en.wikipedia.org/wiki/Time_Enough_for_Love#"The_Tale...</a>