Among the many great quotes from Warren Buffett is this gem: “The stock market is a device for transferring money from the impatient to the patient.”
I love this quote because it highlights the importance of being patient with your investments.
The simple fact is this: Time is the most important ingredient to generating wealth. With enough time, anyone can get rich.
This is true because of the magic of compound interest.
You might have read about this idea before—but it’s a critical concept for novice and experienced investors alike… and it’s all the more important to remember in today’s difficult market, when everyone is running scared.