New Delhi, March 27 -- Legendary investor Shelby MC Davis advised investors to put in the funds for the long haul to make the most of out of their investment. According to American philanthropist, who took multiple roles such as that of investor and money manager, the essence of successful investing lies in long-term commitment and emotional discipline, rather than short-term reactions to market changes.

Quote of the day: Shelby MS Davis' words of wisdom -"Invest for the long haul. Don't get too greedy and don't get too scared."

Hence, one should focus on long-term strategies, discipline, and patience rather than succumbing to greed or fear. Since, financial markets move in cycles periods of rapid gains can tempt investors to chase mome...