- As the theory of Multiple ice ages on Earth shows, big things can happen from small changes in conditions
- The secret behind Warren Buffet’s fortune isn’t just that he is a good investor; but that he has been a good investor since he was a child
Compounding isn’t intuitive
- That’s why we often ignore its potential; and look for other ways to solve our problems
- We rarely stop to consider compounding potential
Good investing isn’t about the highest returns (because the highest returns tend to be one-off hits). Its about earning good returns that you can stick with and can be repeated for a long time.