From 24/7 Wall St. · Chris Lange · · 50s
Michael Moritz on Investor Discipline
Most investors fail to hold stocks through growth cycles, says Sequoia Capital's Michael Moritz.
In brief
Most investors fail to hold stocks through growth cycles, says Sequoia Capital's Michael Moritz. Michael Moritz says investors who sell during early market gains miss long-term compounding returns. Originally reported by 24/7 Wall St..
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.
What it means
Michael Moritz says investors who sell during early market gains miss long-term compounding returns.
