Compounding: The Eighth Wonder of the World
The vast majority of Buffett’s lifetime wealth was accumulated only after he turned fifty — which is precisely the magic of compounding: money begets money, interest rolls upon interest, and the longer the span, the more astonishingly the growth accelerates. He often says successful investing needs not a high IQ but rationality, patience, and awe of compounding. He practiced this plain truth for seventy years, proving with his life that in the world of wealth the most powerful force is often not cleverness, but time.