WARREN BUFFETT'S 6 RULES OF INVESTING скачать в хорошем качестве

WARREN BUFFETT'S 6 RULES OF INVESTING

If you want to understand why most people fail at investing, you need to understand this: the financial industry has structured every incentive around short-term performance. Your mutual fund manager is evaluated on quarterly returns. Your financial advisor gets paid commissions on transactions. The financial media broadcasts market updates every thirty seconds. Everything—absolutely everything—is designed to make you think that now is the time to act. Meanwhile, the science of compound returns is completely counterintuitive. Here are the actual numbers. If you invest $10,000 at 8 percent annual returns—a reasonable historical return for the stock market—here's what happens: After 10 years: $21,589 After 20 years: $46,610 After 30 years: $100,627 After 40 years: $217,245 Did you notice? The first 20 years gets you $46,610. The second 20 years gets you $170,635. Compound returns accelerate. They don't compound on themselves until year fifteen or twenty.