Warren Buffett's Farewell Letter Contains the Only 4 Words Investors Need to Build a $10 Million Portfolio
Time can help you turn a $20,000 initial investment into a $10 million portfolio over the long term.
Overview
Over his career, Warren Buffett established himself as one of the world's best investors. However, after 60 years at Berkshire Hathaway, he finally stepped away for good. After relinquishing the CEO title at the start of the year, he also stepped down as Chairman last month.
In a farewell letter to shareholders on Sept. 18, Buffett said his goodbyes. In it were the only four words that investors need to be successful: "Father Time always wins." While Buffett was talking about his age and retirement, these words also hold true for investing and can help investors build a $10 million portfolio.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.