TAO OF WARREN BUFFET # 16.

Results
Results

It is not necessary to do extraordinary things to get extraordinary results.

As an investor you don’t have to try to get rich overnight to eventually get rich.Warren is shooting for a 20% annual rate of return,not a 200% annual rate of return. Invest $100,000 for twenty years at 20% a year and you end up with $3.8 million ;hold it for thirty years and you end up with $23.7 million.You win with the running game – not the long bomb.With the world trying to get an annual return of 100%, a lot of mistakes are being made regarding long-term business economics that make getting a 20% annual return pretty easy.

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