Compounding, or exponential growth as a mathematician would call it, is one of the most important facets of investing that every investor should understand – in depth.
The market continues to climb and climb… Frankly, it amazes me that it continues to do so, but as a value investor, I’m not seeing much to act on since the market has bounced back from its March’s lows. I positioned long ago just to sit and wait - a trait that is in short supply in our ever fas