the.com/investments
buying future money with present money, and hoping you did the math right.
means putting resources into something today with the expectation of getting more back later, at the price of risk and patience.
from from latin investire, to clothe or dress in — medieval merchants clothed their capital in ships and goods, hoping it came back richer.
compoundingeinstein never actually called it the eighth wonder
time beats timingmissing the 10 best market days halves returns
risk is not optionaleven cash loses value quietly to inflation
for instance
berkshire hathaway — buffett turned it into a $700b+ compounding machine since 1965
index funds — vanguard's 1976 fund made average returns available to everyone
dutch east india company — 1602 amsterdam bourse, first tradable shares in history
bitcoin — 2009 experiment now treated as a trillion-dollar asset class