Compounding plus time: how anyone can invest like Buffett

About this episode

Hi everyone, I'm Doug! In this episode of FIRE University, we look at the difference between managing money and investing, and why you should manage your money first and invest second on the way to financial freedom. We'll also uncover the secret behind Buffett's fortune and how to use long-term investing and compounding to become the next Buffett. With the Rule of 72 you can work out how long it takes your assets to double; and long-term investing lowers risk and steadies returns, letting your wealth grow naturally over time. Finally, a reminder: the key to investing is "don't leave the market" — only by sticking with it can you enjoy the rich rewards of compounding!

The episode is in Mandarin Chinese. These notes are translated from my original show notes.