A Glace at Finance
9 Simple Investing Lessons from @dollarsanddata
👇 THREAD 👇
1/ Wanna Get Rich? Think FRACTALLY
Yesterday's gains = Today's capital.
Compound interest works like a fractal.
Each piece of interest eventually earns its own interest.
Fractals are powerful because their complexity comes from SIMPLE actions repeated over and over again.
2/ Warren Buffett LOSES money 25% of all years.
Berkshire has temporarily declined in value 30–50% MULTIPLE times in the last few decades.
Even with optimal investing behavior, you won’t always make money.
5/ There’s a war between FEAR and EVIDENCE.
20th-century events in America:
▶️ Two World Wars
▶️ The Great Depression
▶️ ~12 recessions and financial panics
▶️ Oil shocks
▶️ Flu epidemic
But the Dow ROSE from 66 to 11,497.
9/ Start SAVING early.
The earlier you start saving, the better.
At first, the benefits will be hard to notice.
But they’ll be impossible to ignore in the long run.
Good BEHAVIOR and COMPOUNDING can lead to huge results.
Nick is a phenomenal writer.
If you’re not familiar with his work, I recommend this post...
You can follow @david_perell.
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