Warren Buffett Compound Interest Quote
Here s what he said on the topic in the early years.
Warren buffett compound interest quote. It builds up like compound interest warren buffett told todd combs class at columbia business school before combs went to work at berkshire. Warren buffett increased his wealth 7 268 using this 1 method albert einstein called compound interest the eighth wonder of the world. He s been preaching this for six. But it doesn t just apply to finance.
To say when he talks people listen is an understatement. This week we are looking at the last item in buffett s quote compounding interest. The quote was going to be a quote attributed to albert einstein compounding interest is the most powerful force in the. My wealth has come from a combination of living in america some lucky genes and compound interest warren buffett when a management team with a reputation for brilliance tackles a business with a reputation for bad economics it is the reputation of the business that remains intact warren buffett.
Warren buffett charlie munger disagree about the future of america 2005 duration. Why wall street won t make you rich duration. Warren buffett trades portfolio is known for his love of compounding and without it he would not be where he is today. He was especially vocal about this principle in his early partnership letters.
Over the years he s mentioned the benefits of letting your wealth compound numerous times. My wealth has come from a combination of living in america some lucky genes and compound interest warren buffett. Ask warren buffett for the single most powerful factor behind his investing success and he d respond compound interest without skipping a beat. Warren buffett is widely considered to be the top investor of all time.
Over his 54 year tenure at berkshire hathaway buffett has generated 20 5 annualized returns for shareholders more. Warren buffett quotes capture the essence of his approach to investing and life that s why we love them.