Munger is describing something that distinguishes the genuinely wealthy from the perpetually active—the willingness to be invisible. Most people mistake motion for progress, constantly adjusting positions, trading, reacting to noise. But the real advantage belongs to whoever can tolerate the psychological discomfort of doing nothing while holding something valuable. A homeowner who bought a modest house in 1995 and simply stayed put while the neighborhood transformed has far more wealth than someone who flipped properties every two years, and yet their effort was nearly invisible. The waiting, that long stillness, is where compounding actually works its magic.