L0CI

Compounding is the eighth wonder not because it is complex, but because it is simple. A small thing, repeated with consistency, becomes an extraordinary thing. This is the nature of exponential growth.

One percent, daily, for a year: not twelve percent, but thirty-seven times. Such is the mathematics of patience.

The investor who understands compounding does not seek large returns. They seek consistent returns. They know that interruption is the enemy, that transaction is friction, that activity is cost.

Time is the multiplier. Every day the portfolio exists is a day of compounding. Every day of trading is a day of interruption. The wise investor protects their time in market above all else.

The greatest fortunes are built slowly. The greatest fortunes are lost quickly. Speed serves the latter, never the former.