The Importance of Compounding

When you look at the chart for something that's gone up and to the right for 20 years, think about all the times a holder would have had to convince himself not to sell. Andrew insists that when you're talking about to day's great growth companies, the approach of buy in sheep is dead wrong. If you have a compounding machine with the potential to do so for decades, you basically shouldn't think about selling it unless your thesis becomes less probable.