The Exponential growth of wealth

The power of compounding is a fundamental concept in finance and investing that can significantly enhance the growth of your wealth over time. It refers to the process where the earnings on an investment generate additional earnings, effectively creating a snowball effect.

At age 56, Buffett's net worth had grown to the point where he became a billionaire. As of October 2024, at the age of 94, Buffett's net worth was $147 billion, making him the eighth-richest person in the world.

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