The Power of Compounding and Patience in Investing: Warren Buffet
Take a look at Warren Buffett’s wealth over time. At age 19, he was worth $10,000. At age 30, Warren Buffett's wealth was $1 Million. At 92, his wealth is $109 Billion. For decades, his net worth grew slowly compared to today’s numbers. But then compounding kicked in and the results are staggering.
Here’s the lesson from the greatest investor in history:
- Don't trade.
- Stay away from “get rich quick” schemes.
- Don't chase market fads.
Instead:
- Keep adding cash to your investment.
- Invest in a diversified portfolio.
- Be patient and stay invested. Don't try to time the market.
- Let time and compounding do the heavy lifting.
You won’t beat Warren Buffett but you don’t need to. You can succeed with a high-probability strategy that builds wealth steadily, without unnecessary risk.
Change how you think about wealth: Invest your money to attract wealth, not just with a plan to spend it.
This is the only “get rich quick” plan that works... except it’s not quick. Start early. Stay consistent. Let compounding work for you.
A few of my favorite Warren Buffett quotes:
“Someone is sitting in the shade today because someone planted a tree a long time ago.”
“The stock market is designed to transfer money from the Active to the Patient.”
“If you don’t find a way to make money while you sleep, you will work until you die.”
