Compound Return

“Curiosity compounds just like capital”

“Understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things.”

“Understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things.”

“Compounding works best when capital survives.”

“Survivability is the foundation of compounding.”

“The compounding of shared advantages is immense.”

“The mantra is patience, patience and more patience. Think long-term and remember that the big rewards accrue with compound annual rates of return.”

“Compounding works quietly and relentlessly”

“Biases don’t cancel out — they compound.”

“Cash really hurts if you hold it very long in an equity market that is compounding at close to 20% per annum.”

“Consistency and patience are crucial. Most investors are their own worst enemies. Endurance enables compounding.”

“As an investor in businesses, which generate enormous cash flows, my single most important issue to get right is what management will do with cash flow through reinvestment. Do they care about the owner, or do they care about themselves?”

“One of the tricks of this business is, keep your losses down and then, if you have a few good breaks, the compounding works well for you.”

“Investment decisions should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.”

“It is obvious that a variation of merely a few percentage points has an enormous effect on the success of a compounding (investment) program. It is also obvious that this effect mushrooms as the period lengthens.”