Long-term success in investing can be achieved by identifying and sticking with good bets early on, as demonstrated by the story of Nick Sleep. His exceptional performance and wealth accumulation were a result of investing in Amazon, Costco, and Berkshire Hathaway over a 10 to 15-year period. Nick Sleep's story highlights the power of staying focused on a few strong investment choices rather than getting distracted by numerous options. Annual shareholder letters and reviews, such as those by Nick Sleep, Warren Buffett, and Jeff Bezos, provide valuable insights into successful investment strategies and can be sources of inspiration and learning for investors.

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