[king_panic]

The Slight Edge is an amazing book about an amazing concept. Dramatic change happens one percent at a time at a consistent cadence.

Also great chapter in The Psychology of Money about Warren Buffet. He's been investing since he was a child and is now in his 90s -- He's been compounding returns on a longer timeframe then anyone else alive.

[robocat]

> Warren Buffet

That is selection bias at its worst: he really is an outlier. There are plenty of investors that beaver away every day and do not get his returns. I suspect you could pick one of his decades and only find a few people that exceed his ability.

[zhdc1]

> There are plenty of investors that beaver away every day and do not get his returns.

There are very few investors who consistently manage to exceed average market returns. It doesn't negate the importance of consistently investing.

[colonelanguz]

Yeah. And he also hasn't beaten the market in over a decade.