The Oracle of Omaha turns 90 today
Warren Buffet celebrates his 90th birthday today as the world’s sixth-richest man. At $82.1 billion, he’s done well for himself.
Around the age of 10, he read a book about how to make $1,000 and
intuitively grasped the importance of time. In five years, $1,000
earning 10% would be worth more than $1,600; 10 years of 10% growth
would turn it into nearly $2,600; in 25 years, it would amount to more
than $10,800; in 50 years, it would compound to almost $117,400.
Today’s markets are as get-rich-quick as ever but the long game always wins.
This article was originally published by Forexlive.com. Read the original article here.