Warren Buffett Stays Wealthy because
He didn’t get carried away with debt.
He didn’t panic and sell during the 14 recessions he’s lived through.
He didn’t sully his business reputation.
He didn’t attach himself to one strategy, one world view, or one passing trend.
He didn’t rely on others’ money (managing investments through a public company meant investors couldn’t withdraw their capital).
He didn’t burn himself out and quit or retire.
He survived. Survival gave him longevity. And longevity—investing consistently from age 10 to at least age 89—is what made compounding work wonders.
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