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Economist Zhu Ning: Investing is not a 100-meter dash; 95% of Buffett's wealth was created after the age of 65.
“The 14th Five-Year Plan” New Book Special Discussion Meeting was held on March 3rd. Renowned economist Zhu Ning stated at the meeting that Buffett’s fifty-year investment return is roughly estimated at 60,000 times. Many people are unaware that 95% of Buffett’s wealth was created after the age of 65.
He said that investing is not a 100-meter sprint, nor a process of making quick money, but a long-term accumulation. Many investors underestimate the importance of long-term fixed growth in wealth accumulation.
Sina disclaimer: All meeting transcripts are compiled from on-site shorthand notes. They have not been reviewed by the speakers. The publication of this article on Sina.com is for the purpose of conveying more information and does not imply endorsement of the views or verification of the descriptions.
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Editor: Li Siyang