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Harness Compounding
- Leverage compounding returns for long-term investing success.
- Prioritize time in the market to maximize compounding's power.
Geometric vs. Arithmetic Returns
- Focus on geometric compounding, which multiplies returns over time.
- Avoid arithmetic averaging, which ignores the crucial element of time.
Private Market Inefficiency
- Public markets offer fewer opportunities to outperform due to efficiency.
- Explore private markets for potential outperformance due to inefficiencies.