I believe everyone would have heard the name Warren Buffet. Let's assume a person 'X' and Warren Buffet reads the latest release of The Economic Magazine, who would end up with greater insight after reading the magazine ? Undoubtfully its Warren Buffet. Isn't it ?
This is just because buffet keeps reading atleast 6 hours / 1000 pages a day for about 75 years and thinks over what he read and do things what he believes as right with all the collection of information. Matthew Effect is, if a person continue to do something over longer period of time repeatedly with quality, he gets greater insight on the topic compared to others who does less frequently
Imagine a person who keeps reading, thinking and investing consistently over years, what would be the benefit he receive ? That's the benefit of compounding (the 8th wonder)
Michelangelo, an Italian sculpture, painter and architect was known for his greatest work in the 15th century. He was well known for sculpting the 'Statue of David'
Pope once asked him what was his secret on creating this masterpiece? Michelangelo replied, David was always there in the Marble, i just took away what was not David
My suggestion to the reader of this blog is to try the below:
- Use the Matthew effect - consistently read / analyze and invest slowly, which on time will make you the master of investing as warren buffet and would help in gaining abundance
- As Michelangelo said, there is already a great investor / financial planner inside everyone and what we need to do is sculpt ourself by gaining more knowledge
"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines" - Charlie Munger. I believe this blog gave you information on benefits of consistently gaining knowledge and helped you to learn some additional information today.
Have a Great Day
B G Nareshkumar
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