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Confounding Compounding
(Chapter 4)
The simplest fact about Warren Buffett's fortune: He is not just a good investor, but he has been a good investor for as long as 75+ years.
“Effectively all of Warren Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. His skill is investing, but his secret is time.”
“Good investing isn’t necessarily about earning the highest returns…It’s about earning pretty good returns that you can stick with and which can be repeated for the longest period of time. That’s when compounding runs wild.”
Explore fiscal insights with Vineet Patawari, CEO of Elearnmarkets & StockEdge! Uncover the "Psychology of Money" on YouTube.
Michael George Knight
This book summary has been contributed by Michael George Knight, who is the founder of Bestbookbits.com Bestbookbits is the world's largest free book summary website in video, written and audio format educating people around the world with the best book bits in the shortest amount of time. They are a nonprofit organization with the mission to create an educated world. You can read many other book summaries on various genres by clicking on the following link: Bestbookbits.com