The act of compounding is invisible in the short-term, but ridiculously visible over the long-term.
“Remember that nobody accepts randomness in his own success, only his failure.”
“In the last six months, leveraged credit markets have experienced what we call a “lift-a-thon” – almost everything has rallied. While this rally has hit a few speed bumps in the first quarter – due to stickier-thanexpected inflation – the positive trend persists.”
“The idea that the future is unpredictable is undermined every day by the ease which the past is explained.”
“Remember that nobody accepts randomness in his own success, only his failure.”
“In the last six months, leveraged credit markets have experienced what we call a “lift-a-thon” – almost everything has rallied. While this rally has hit a few speed bumps in the first quarter – due to stickier-thanexpected inflation – the positive trend persists.”
“The idea that the future is unpredictable is undermined every day by the ease which the past is explained.”