The Morgan Housel Podcast The Power of Staying Put
55 snips
May 23, 2023 Patience and consistency emerge as key themes throughout the discussion. Long-term commitment, whether in cancer research or investing, often trumps short bursts of effort. The podcast highlights how stable returns in investing can be more fruitful than chasing quick gains. Career stability also takes the spotlight, showcasing the value of nurturing relationships and developing mastery over time. Overall, staying put can sometimes be the overlooked path to success.
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Robert Weinberg's 51 Years at MIT
- Cancer researcher Robert Weinberg worked at MIT in the same office for 51 years.
- He valued the constancy and robust social network he built by staying put.
The Power of Compounding
- Compounding is key to success in many areas of life, like careers and relationships.
- It's not just what you do, but how long you do it.
Warren Buffett's Compounding Wealth
- Warren Buffett's immense wealth is primarily due to his 80-year investing career.
- Most of his wealth accumulated after his 60th birthday due to compounding.
