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David Weisburd 🚀
@DWeisburd
How I Invest Podcast | Weisburd Pierce
加入 January 2010
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Warren Buffett was once asked how he got so rich.⁣ ⁣ His answer: I started early. I'm in my nineties. I just compounded year over year.⁣ ⁣ People wrote that off as false modesty. But run the numbers. It's 25% compounded for eighty years. 10M to 30M to 50M to 100B. He didn't theorize the thought experiment. He lived it.⁣ ⁣ Compounding is the most undefeated idea in finance, and everyone still underprices it, because the hard part was never understanding it. The hard part is discipline. Not trying to be the hero. Letting the simple thing work.
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