Investing · Modern investor letters

王川:Exponential Returns Come Later

王川《躺平者最终能赢(一)》· 躺平者最终能赢(一) · Investing · Wealth · Growth · Character

指数增长的好投资,最大的回报往往是在后面几年。

Source: https://chuan.us/archives/952
Locator:躺平者最终能赢(一) · Verified:2026-10-19 · Verification:Short excerpt

Reading

In a good exponential investment, most of the return arrives in the later years.

Context

Wang Chuan uses 'lying flat' for long-term holding: long low-energy patience, occasional high-energy action, then more waiting for compounding.

Today's question

Can you tolerate five years in which it looks like nothing is happening?

版权仍存续;本站只摘录并链接作者原文,不托管全文。

This text is still in copyright. Only a short excerpt is shown; read the full text at the official link above. Copyright

← Back to the library