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Grace Gromer was working as a secretary at Abbott Labs in 1935 when she bought three shares of her company’s stock for about $180. By the time she died in 2010, that meager $180 investment had grown into more than $7 million. Ms. Gromer was lucky that she worked for a successful company, but her investment was lucrative in large part because of her remarkable patience.
Compounding over time is an incredibly powerful force. Cultivating a long-term outlook is the best way for average investors to achieve financial freedom. By purchasing quality investments and holding them forever (Yes, forever!), investors can reap the rewards of compounding.
This book is dedicated to the idea that investors should never sell their investments. This perfectly passive approach may sound foolish or even scary, but passive investing has a long track record of success. In this book, learn about time asymmetry, the real meaning of value, the power of doing nothing, and why cats make better investors than humans…
Time Asymmetry
Chapter 1: Time Asymmetry
Chapter 2: Never Sell
Chapter 3: People who did nothing
Determining Value
Chapter 4: Expectations
Chapter 5: Measuring Value
Risk
Chapter 6: Risk
Chapter 7: Crashes
Chapter 8: Wabi-sabi
Active and Passive
Chapter 9: Active Management
Chapter 10: Perfectly Passive
Chapter 11: Finding Value
Chapter 12: How to Invest
Principles
Random Thoughts
ASIN : B0878YSCZP
Accessibility : Learn more
Publication date : April 17, 2020
Language : English
File size : 1.2 MB
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 142 pages
Page Flip : Enabled
Best Sellers Rank: #804,576 in Kindle Store (See Top 100 in Kindle Store) #643 in Stock Market Investing (Kindle Store) #1,304 in Stock Market Investing (Books)
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