It was Albert Einstein who reportedly described compound interest as "the eighth wonder of the world", dubbing the process the universe's most powerful force.
Whether or not that is true, the magic of compounding truly is that, magic. With an investment's earnings, from either interest or gains, reinvested to reward patient investors with further growth over time.
It's what sees Warren Buffett - whose US$101.2 billion fortune has ordained him the title of The Oracle of Omaha - argue i...
It was Albert Einstein who reportedly described compound interest as "the eighth wonder of the world", dubbing the process the universe's most powerful force.
Whether or not that is true, the magic of compounding truly is that, magic. With an investment's earnings, from either interest or gains, reinvested to reward patient investors with further growth over time.
It's what sees Warren Buffett - whose US$101.2 billion fortune has ordained him the title of The Oracle of Omaha - argue investors only buy stocks they would be happy holding if the market shut down for ten years.
So, in this episode of Buy Hold Sell, Livewire Markets' Ally Selby is joined by Perpetual's Anthony Aboud and Sage Capital's Sean Fenton to put four companies with long term growth potential to the test. Plus, each of our fundies shares one business that they believe investors can be comfortable holding if the market closed for the foreseeable future.
You'll be bending it like Buffett in no time.
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