TAO OF WARREN BUFFET # 16.

Results
Results

It is not necessary to do extraordinary things to get extraordinary results.

As an investor you don’t have to try to get rich overnight to eventually get rich.Warren is shooting for a 20% annual rate of return,not a 200% annual rate of return. Invest $100,000 for twenty years at 20% a year and you end up with $3.8 million ;hold it for thirty years and you end up with $23.7 million.You win with the running game – not the long bomb.With the world trying to get an annual return of 100%, a lot of mistakes are being made regarding long-term business economics that make getting a 20% annual return pretty easy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s