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Berkshire Hathaway Part I
Acquired
Uninterrupted Power of Compounding
Allowing investments to compound without interruptions due to frequent money management leads to a significant increase in the final amount. Warren Buffet's approach of letting winners ride without frequent adjustments minimizes taxes and transaction costs, leading to optimal results. Transitioning smoothly through life changes involves understanding that the old self must fade away before the new one can emerge, as emphasized in the book 'Transitions' by William Bridges.
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