i think everything changes gradually then suddenly. Oton explained how, you know, years, decades, millennia, youre just slowly wearing away its stuff until eventually, five million years later, you have the grand canyon. In investing, the metaphor is clearly, it doesn't take giant gains in the market. But improve things one % a year, or, heaven forbid, one percent a month that compounds to a massive mass of gain. And i think that's the magic of compounding.
Barry Ritholtz is the Chairman and Chief Investment Officer of Ritholtz Wealth Management. Barry talks about using his ADHD as a superpower, survivorship bias, thinking independently in a noisy world, and creating meaning in life.