Slowly becoming rich is often the smartest choice.
Too many people long for overnight wealth.
But Buffett does not think so. At the conference, he said: You only need to become rich once, and that's enough.
The meaning of this statement is: Don't take too much risk.
Slowly becoming rich is far better than 'getting rich overnight' and then 'returning to square one' overnight.
Because if you pursue 'fast', it often means you have to bear the risk of 'death'.
Those opportunities that can make you 'rich overnight' often come with extremely high uncertainty. If you win, you may reach the top in one leap, but if you lose once, you may never have a chance to turn back.
So for ordinary people, the safest direction may be: time + compound interest.
Find those things that truly become more valuable over time. For example, entering the elderly care industry, the market will always be larger day by day. For example, doing self-media, as time goes by, you will always have a greater influence in a certain field.
Let time be your friend. Like rolling a snowball, although it starts slowly, it rolls faster and faster.
The 'slow' wisdom that Buffett has adhered to throughout his life. He would rather miss many seemingly bustling opportunities to ensure that the snowball will not melt or break halfway.
However, the starting point of wealth for ordinary people is usually work. Every day for 8 hours, or even longer, must be devoted to it. How should one choose work?