I recently found this Fast Company article, Why True Grit Matters in the Face of Adversity, very inspiring. The psychological underpinnings of what characteristic -- here described as grit -- makes a winner was fascinating, and it can be applied to a lot of different areas of life.
In my column today, I jumped off this concept to discuss shareholder activists who have tirelessly carried on trying to get solid corporate governance policies in place at public companies. I'd say they have true grit. I think the concept can be applied to other areas of long-term investing, too, such as the spirit of knowing that a high-quality company is one to hold when everybody's running for the exits on some short-term bump. And so forth...
Have a great weekend, Fools.