Warren Buffett once famously said his favorite holding period for a stock was "forever" since the right companies can generate massive gains for long-term investors. But it's also often said that everyone is a long-term investor until a bear market happens.

That's what happened in 2022 when rising interest rates sparked a stampede from growth stocks toward more conservative investments. However, blindly joining that herd can cause you to miss out on some big gains in the future, especially if you can afford to hold onto your stocks for decades instead of just a few quarters.

For example, a modest $3,000 investment in ASML (NASDAQ: ASML), Palo Alto Networks (NASDAQ: PANW), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would have blossomed into about $30,000, $32,000, and $16,000, respectively, over the past decade. Even if you missed out on those gains, I believe those three blue chip tech stocks could continue to deliver market-beating returns over the long term for patient investors.

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Source Fool.com