In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the annual Berkshire Hathaway meeting.
He shares stories of Warren Buffett and Charlie Munger's investment lessons, along with a touching personal story about his grandmother's investment in Coca-Cola stock, illustrating the long-term impact of compounding.
Mark also explains the mathematical magic behind compounding.
If you would like your question answered on the show, please send an email to me at Mark@MarksMoneyMind.com and put “podcast question” in the subject line.
Show Links:
Berkshire Hathaway Annual Meeting Videos
Warren Buffett’s Letters to Berkshire Shareholders
My Question to Warren Buffett and Charlie Munger answered (1:26:40 mark)
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Timestamps:
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