10 legendary investors. Their biggest lesson, one sentence each. 1. Nick Sleep: Find businesses that share their scale advantages with customers, then give the flywheel decades to work. 2. Warren Buffett: Buy a wonderful company at a fair price and let time do the compounding. 3. Charlie Munger: Avoid obvious stupidity, wait for the fat pitch, and sit on your hands. 4. Chris Hohn: Concentrate in a few exceptional businesses and use ownership to make them stronger. 5. Bill Miller: Value is the cash a business will produce, not a low multiple — go where the crowd refuses to look. 6. Li Lu: Demand a margin of safety, then own businesses that can compound for a very long time. 7. Peter Lynch: Start with what you actually understand, then do the work most people skip. 8. Chuck Akre: Find a great business, great people, and a long runway to reinvest — then don’t interrupt it. 9. John Templeton: Buy at maximum pessimism, then let time prove the crowd wrong. 10. Mark Massey: Own a handful of exceptional businesses and do almost nothing else. Notice how many of them need time: a holding period long enough for the investment to play out and for compounding to do its magic.