Trying to avoid investment mistakes
Capital Ideas Podcast
The Power of Compounding
I don't have to own everything I just have to make sure that what we do invest in does well for the shareholders. The last share of stock that we had sold from the fund had been bought with a cost basis somewhere around 16 cents and the shares were sold somewhere around a hundred and seventy dollars. So obviously there's all sorts of interesting lessons in there about the power of compounding and the power of long-term returns.
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