Why The Rich Get Richer
Erika Taught Me
Slow and steady investing is better than high-risk options
The speaker emphasizes the importance of viewing investing like gardening, growing wealth slowly over time. They caution against day trading and high-frequency trading, advocating for long-term sensible investments for ordinary people. They highlight the contrast between modest but steady returns of around 8% annually versus the allure of high-risk options like Bitcoin and NFTs. The speaker shares a personal story to illustrate the value of consistent, long-term investments over seeking quick, high returns.
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