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Once Upon a Time in Boston
The Compound and Friends
The Bears Never Got Around the Idea of Compounding
Stocks go up because we're buying businesses, and businesses grow their earnings. It's the magic of compounding, right? I mean, youre compounding ten % a year over ten 20, 30, forty, 50 years. Second peop like one of the recent stocks, go up as the other risk. They need to compensate you for the ristt you're taking. So to your point, the bearers never got their heads around the idea of that.
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