3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH024: Wealth, Wisdom, & Happiness w/ Tom Gayner

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Power of Patient Compounding and Tax Deferral

Tom Steyer: I was looking at a compound interest calculator last night. It's basically going to be about a million bucks, just a 12% a year for that time. That's an extraordinary thing. And remarkable that you appreciated it so early on in your life that you could defer gratification. He says the moment when he became very, very taxed sensitive was in second grade.

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