# Michael Moritz on Investor Discipline

> Most investors fail to hold stocks through growth cycles, says Sequoia Capital's Michael Moritz.
- Title: Michael Moritz on Investor Discipline · 24/7 Wall St.
- Summary: Most investors fail to hold stocks through growth cycles, says Sequoia Capital's Michael Moritz. Michael Moritz says investors who sell during early market…
- Keywords: michael moritz, sequoia capital, amazon, investing, compounding, stock market, charlie munger, Michael, Moritz, Investor, Discipline, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/11/michael-moritz-says-most-investors-cant-do-the-one-thing-that-actually-makes-money
- Author: Chris Lange
- Published: 2026-10-11T20:00:18+00:00
- Read time: 1 min
- Topics: michael moritz, sequoia capital, amazon, investing, compounding, stock market, charlie munger
## Michael Moritz's Background
Michael Moritz backed Google, PayPal, and Stripe at Sequoia Capital.
## Moritz's Investor Insight
Most investors are congenitally incapable of doing nothing, he said.
## Charlie Munger's View
Munger credited Moritz's temperament over intellect for his success.
## Amazon Stock Question
How many days has Amazon traded at an all-time high in 30 years?
## Amazon's Recent Performance
Amazon closed at $262.43, up 531.6% from $41.55 ten years earlier.
## Amazon's Capital Spending
Amazon committed $200 billion to AI infrastructure and custom chips in 2026.
## Long-Term Ownership Strategy
Ask whether the reason for selling relates to company future or price chart.
## Key takeaway

Michael Moritz says investors who sell during early market gains miss long-term compounding returns.