At the Sun Valley Conference a number of years ago, Jeff Bezos told the story about asking Warren Buffett for advice on a phone call. It went like this:
Bezos: "If you're the second richest guy in the world and your investment thesis is so simple, why isn't everyone just copying you?"
Buffett: "Because no one wants to get rich slow."
There is no formula for getting rich in a hurry. It's pure luck or timing. But there is a formula for building wealth slowly. You have to live below your means, have a healthy savings rate, regularly invest your money into risk assets and then wait.
-Ben Carlson, Risk & Reward
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