Get Rich Slowly!

As a football fan, yesterday was a tremendous day!  We had two conference championships go into overtime for the first time in history.

During the post-game coverage on ESPN, they talked about the New England Patriots’ ability to find the opponent’s weakness and exploit it.  In the case of the Kansas City Chiefs, who are weak against the run, New England gave them a heavy dose of running.

When ESPN analyst Ryan Clarke was asked why other teams don’t do what New England does, his response was that “they don’t have the patience.”

That reminded me of an interview with Jeff Bezos and Warren Buffett…

During this interview, Buffett explained to Bezos that if people invest in a low-cost index fund, they would become wealthy over time.  When asked why most people don’t do that, Buffett’s response was that “no one wants to get rich slowly!”

Folks, I’ve said it here before…I said it in my book…I’m saying it here again today…and I will continue to keep saying it over and over.  Patience pays!

*  The Stock Market is For Everyone, Eric Milton’s short guide to stock market investing for beginners, is available in e-book and paperback formats.  If you like what you see on this blog, we hope you’ll take a moment to purchase and read the book, let us know what you think via a blog comment or Amazon review, and share this information with others!  Thank you. *

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Jack Bogle, 1929 – 2019

bogle

Yesterday, the world lost Jack Bogle at age 89.

Mr. Bogle was the founder of Vanguard Funds.  He is considered the “father of index funds” and was a champion of buy and hold investing.

Warren Buffett called him a “hero” to investors in his 2017 annual letter.  I certainly agree.

You can read more about Bogle here:

https://www.cnbc.com/2018/12/14/jack-bogle-founder-of-vanguard-group-and-creator-of-the-index-fund-dies-at-age-89.html

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)