Bridge over ocean
1 January 2005 Financial Analysts Journal Volume 61, Issue 1

Investing Success in Two Easy Lessons

  1. Charles D. Ellis, CFA

Successful investing can be almost easy: Avoid harmful “accidents” and do what will achieve your own most important long-term objectives. The very human irony is that learning this lesson can take so many years that by the time we “get it,” it may be too late to use the lesson because the powers of compounding need time.

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