Long-term Investing Has Gotten So

In The Summer Of 1990, I Was Buying Stocks And I Was Probably Three Or Four Months Early There. But We Had A Great Rally In 1991.

So While I Was In College I Did A Little Study On The Freight Industry, The Air Freight Industry. And I Looked At This Company Called Flying Tiger. And I Actually Put A Thousand Dollars In It And I Remember I Thought This Air Cargo Was Going To Be A Thing Of The Future.

I Don't Go Near The Money And The Money Doesn't Go Near Me.

I've Found That When The Market's Going Down And You Buy Funds Wisely, At Some Point In The Future You Will Be Happy. You Won't Get There By Reading 'now Is The Time To Buy.'

The Rule Of 72 Is Useful In Determining How Fast Money Will Grow. Take The Annual Return From Any Investment, Expressed As A Percentage, And Divide It Into 72. The Result Is The Number Of Years It Will Take To Double Your Money.