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?
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