As part of Patrick’s business education he began the process of building a value-based stock portfolio (even though the amount he had to invest was very, very small). Patrick embraced the idea of investing for the long term.

Patrick’s He talked about letting your money work for you instead of you working for money. His agreed approach was to identify companies that are well managed, have a bright future for long term growth, pay a reasonable dividend (which is always automatically reinvested), are well capitalized, and are undervalued. After he invested he simply sat back and collect the dividends (which buys more stock). He didn’t care if the market went up or down. If it went up, great, his portfolio is worth more. If it went down, great, his dividends would buy even more shares of stock at a lower price. It was just that easy.