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Re:Ask HN: What's the most valuable thing you can learn in a... by truculent on Wednesday November 20, 2019 @07:48AM (#21583408)
So, essentially: compound interest is something wealthy people are good at because it's useful when you are wealthy. Not because learning about compund interest will make you rich?
Re:Ask HN: What's the most valuable thing you can learn in a... by Amygaz on Wednesday November 20, 2019 @08:49AM (#21583830)
Yes, it’s vastly easier even Buffet says so. He only started really using compounding has his core strategy when he already had his first billion (he was 60). Then his fortune doubled a few times in the space of 20 years. People can search YouTube for the interview.
Re:Ask HN: What's the most valuable thing you can learn in a... by cyborgx7 on Wednesday November 20, 2019 @08:39AM (#21583752)
I find that most legitimization attempts for wealth end up being circular if followed to their logical conclusions.
Re:Ask HN: What's the most valuable thing you can learn in a... by solipsism on Wednesday November 20, 2019 @11:08AM (#21585082)
For the vast majority of people, the best thing they can spend time on to improve their financial situation is increasing their hourly wage or salary.