In recent years, "patient capital" has become a buzzword. Following the Central Political Bureau meeting held in April 204, which proposed "to actively develop venture capital and strengthen patient capital," the term has been mentioned in several important contexts. The Central Economic Work Conference proposed to the multi-level financial service system, strengthen patient capital, and attract more social capital to participate in venture investment. So, what is patient capital? Why can capital "patient"? Why do we need patient capital more at this stage? As the name suggests, patient capital is a type of capital that focuses on long-term investment has a high tolerance for risk. It is often confused with long-term capital, but they are both related and different. The latter mainly emphasizes the usage period of capital, while the former not only includes the characteristic of long-term holding but also emphasizes a high tolerance for risk, endurance of short-term market fluctuations, and long confidence. Patience is a value choice about long-termism, which contains the dialectics of time.