With a sound investment strategy, compounding has enabled Warren Buffett, who is 84, to accrue more than 98% of his wealth since his 56th birthday.
Over the weekend, the famed value investor and the second richest man on the planet released his annual letter to Berkshire Hathaway shareholders. As is customary, the first page displayed the returns Berkshire has generated since Buffett took over 62 years ago – Berkshire has made average annual gains of almost 21%, which compares to less than 10% for US stocks.
The gap is even more impressive when considered over the entire time period. Berkshire has turned every dollar invested in 1964 into almost $20,000 by the end of 2016, versus about $130 from the market!
Buffett’s personal account is a great example that it’s never too late to get started and to stick at it. READ MORE: http://www.sharecafe.com.au/roger_m.asp?a=AV&ai=43093