Steven

You almost certainly beat literally 95% of Wall Street pros. who were trying to outsmart the market, trying to outwit the market and were unable to keep it going for 30 years. And so this is where if you can just be average for an above average period of time, you'll be amazing.

I mean, it's probably similar in health that like if you want to be healthy, yes, you can go out and become the best bodybuilder in the world, the best marathon runner in the whole world. But actually, if you just work out just like modest workouts a couple times a week for 30 years, you're going to be one of the healthiest people in your town.

I mean, it's probably similar in health that like if you want to be healthy, yes, you can go out and become the best bodybuilder in the world, the best marathon runner in the whole world. But actually, if you just work out just like modest workouts a couple times a week for 30 years, you're going to be one of the healthiest people in your town.

If you can work out two or three times a week for 30 years consistently and eat a good diet consistently for 30, you'll be one of the healthiest people that you know. And it's the same in investing. It's like the people who do the best are not the geniuses. It's the people who are ordinary for a very long period of time.

If you can work out two or three times a week for 30 years consistently and eat a good diet consistently for 30, you'll be one of the healthiest people that you know. And it's the same in investing. It's like the people who do the best are not the geniuses. It's the people who are ordinary for a very long period of time.

Now, I like coffee. You do too. I don't want people to listen to that and say I should stop drinking my coffee. But it's a powerful example. There's a book called The Snowball, which is kind of the most detailed biography of Warren Buffett.

Now, I like coffee. You do too. I don't want people to listen to that and say I should stop drinking my coffee. But it's a powerful example. There's a book called The Snowball, which is kind of the most detailed biography of Warren Buffett.

And it would talk about how when he was on his adulthood, he wouldn't want to get haircuts because in his mind, a haircut would cost $10,000 because it was a $2 haircut. But if he invested that money – And the way that he knew he could and leave it alone for 50 years, whatever it would be, he didn't want to get a car wash because he would tell his wife, he's like, that's a $5,000 car wash.

And it would talk about how when he was on his adulthood, he wouldn't want to get haircuts because in his mind, a haircut would cost $10,000 because it was a $2 haircut. But if he invested that money – And the way that he knew he could and leave it alone for 50 years, whatever it would be, he didn't want to get a car wash because he would tell his wife, he's like, that's a $5,000 car wash.

She's like, what do you mean? It costs a dollar. No, no, no. But if I invest that money and leave it alone. So he was always thinking about not what something costs today, but what he could grow that money into in the future.

She's like, what do you mean? It costs a dollar. No, no, no. But if I invest that money and leave it alone. So he was always thinking about not what something costs today, but what he could grow that money into in the future.

And that's why he's worth a quarter trillion dollars today. It's because you go through 90 years of thinking like that, and it really adds up. Now, you always have to preface this by being like... Please drink your coffee and get a haircut. It's always a balance. But also understand how incredible it can be by putting away... Doing very ordinary things for a long period of time can lead to magic.

And that's why he's worth a quarter trillion dollars today. It's because you go through 90 years of thinking like that, and it really adds up. Now, you always have to preface this by being like... Please drink your coffee and get a haircut. It's always a balance. But also understand how incredible it can be by putting away... Doing very ordinary things for a long period of time can lead to magic.

Yes. You don't understand. You're like, wait, what? I can't understand how a haircut can turn into $10 million. It's not intuitive. Yeah. There's a great example from my friend Michael Batnick. He said, if I ask you, what is 8 plus 8 plus 8 plus 8? You can figure that out in your head quickly. But if I said, what is 8 times 8 times 8 times 8 times 8?

Yes. You don't understand. You're like, wait, what? I can't understand how a haircut can turn into $10 million. It's not intuitive. Yeah. There's a great example from my friend Michael Batnick. He said, if I ask you, what is 8 plus 8 plus 8 plus 8? You can figure that out in your head quickly. But if I said, what is 8 times 8 times 8 times 8 times 8?

Can't do it. We're not made to think exponentially. We're not meant to think in multiplicative terms.

Can't do it. We're not made to think exponentially. We're not meant to think in multiplicative terms.

That's largely true, yeah. Do you know what I mean?

That's largely true, yeah. Do you know what I mean?

Yeah, I'm sure we can come up with a couple of examples in nature and whatnot. There's lots of compounding in nature. And that's kind of the core of evolution is like things building upon each other over time.