This description is about the importance of patience when it comes to building wealth. It encourages readers to understand that wealth building is a process that takes time and requires dedication and consistency. It emphasizes that patience is key to achieving financial success and that it is important to be patient and stay focused on the
Patient capital is another name for long-term capital. With patient capital, the investor is willing to make a financial investment in a business with no expectation of turning a quick profit. Instead, the investor is willing to forgo an immediate return in anticipation of more substantial returns down the road. Prominent examples of patient capital includes pensions, sovereign wealth funds, and university endowments. Governments with access to patient capital may have greater maneuverability in formulating domestic economic policies.