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Showing posts from August, 2018

The magic of compounding

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Go invest, young man Not long ago I was having dinner with a couple of friends. Their son was there too. He is studying business and administration in a top European university. So when I was asked by this young "millennial", where to start learning about investing and when he should start investing, I said study Buffet and start as early as you can! Paraphrasing John Babsone Lane Soul (popularised by journalist Horace Greeley) with his famous „Go West, young man, and grow up with the country“ my advice was simply „go invest, young man, always invest and grow up with the market“. Study the Snowball The reference to Warren Buffet is self explanatory. His financial success embodies the magic of compounding and the significant riches that lie ahead for those ready to commit to a lifetime a disciplined saving and investing. Buffet‘s letters to shareholders are a must read too for every student of the markets. In the last one, he is discussing the