Let’s start again at the beginning. The first thing every individual investor must understand is this: consistency is king. Because +50% one year followed by -50% percent the next is the surest way to go broke.
Slow and Steady Wins the Race
We must learn that compounding over time in a consistent manner is the only way to riches. That’s how Warren Buffett did it, as an investor.
Scott Wittman, Chief Investment Officer of American Century Investments explains:
[pdf width=”100%” height=”900px”]https://s3.amazonaws.com/wc-pdf-2013/compounding-CIO_Insights_Wittman.pdf[/pdf]