Compound interest creates miracles.
Although everyone hopes to get rich overnight, it is difficult to truly increase the yield. Accept reality calmly and find ways to extend the time of compounding effect.
By holding a broad market index for the long term, the yield can also outperform inflation and most investors.
4. Long-term outperformance of the market is extremely rare. Open and credible records show that only Buffett and some followers of value investing, known as 'Graham's disciples', have achieved this.
5. Even if the long-term rate of return can outperform the market, it still inevitably experiences significant volatility in the short term.
6. Although value investing is slow, it is the only method that can lead us to the finish line.