The First Secret of Long-Term Investment: Live Long
Buffett and Munger have proven over a lifetime: the true power of compound interest lies not in high returns, but in time.
20% Annual Return:
Stick with it for 10 years, earn 6 times
Stick with it for 30 years, earn 237 times
Stick with it for 60 years, earn 56,347 times
The biggest enemy of investment is not market volatility, but insufficient time. The longer you live, the more miracles compound interest can create.
(Investing carries risks; this article does not constitute any investment advice)
