“Time, not money: the legendary Warren Buffett named the most valuable asset in the world. 94-year-old billionaire Warren Buffett said that time is the most valuable asset, not material goods. He earned 99% of his capital of $145.9 billion after 50 years, betting on long-term investments.”, — write on: unn.ua
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American billionaire Warren Buffett is known all over the world for his investments. He is one of the most influential and successful representatives of this sector. The investor shared his experience, naming the most valuable asset.
The success of 94-year-old Warren Buffett was not instantaneous. It took him decades for his investment decisions to bring success and help him accumulate capital.
In particular, it is known that 99% of Buffett’s capital was earned after his 50th birthday. Moreover, for the first time he entered the ranking of billionaires at the age of 56. His commitment to continuous and long-term investing for more than 60 years is one of the main reasons why his fortune is ahead of most other professional investors.
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Buffett, whose net worth is estimated by Forbes at $145.9 billion, said that for him, “money in the context of traveling or owning more houses or boats or anything else is of no use.” Instead, he emphasized that the most valuable asset is time.
According to him, the money lost in stocks can be recovered, but missing even one year in the stock market can reduce long-term returns more than expected.
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