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The Power of Long-Term Compounding
The facts that Munger is receiving checks every month for $70,000 from just a $1000 initial investment is simply amazing. A good episode we have here on our network chatting about why Buffett purchased a large position in oil is Trey Lockaby's episode with Josh Young back on episode 468 from 2022. In my view owning and leading a business has two central benefits: First you directly benefit as the company goes through your equity in it and second you have autonomy.