Buffett made a lot of money mainly thanks to compound interest, which is well known. (99% of Buffett's assets were earned after the age of 50. He does not manage money for clients, nor does he use leverage, he only relies on his own money to snowball).

However, making money with compound interest is usually relatively slow and most people do not have enough determination to do it.

Today's recommended article tells you that not only making money but all benefits in life come from compound interest. Whether it's work, study or marriage, as long as you adhere to long-termism, you can achieve exponential growth.

Sam Altman, the head of Open AI, who has been very popular lately, completely agrees with this point of view. He argues that most people spend their lives picking sesame seeds and throwing away watermelons, stuck in the trap of linear growth; If one wants to achieve exponential growth, one needs to look at things from a longer-term perspective, be more patient, and think ahead about what will be most important in the next few years.

The content below comes from the conversation “The Power of Compound Interest” between famous Silicon Valley angel investor Naval Ravikant and founder of AngelList.

Naval: When talking about what industries you should consider working in, what kind of jobs and with whom, your view is that "one should choose an industry where one can play the long game with people play for a long time"?

Naval. Yes, by looking at the workings of Silicon Valley and high-trust societies, you can derive this point: whether it's relationships, whether it's making money or learning, about Basically all benefits in life come from compound interest

If you start from what you initially own and increase it by 20% every year for 30 years, what you get is not a 30-year increase multiplied by 20%, but a compound increase, giving until you suddenly realize its greatness.

The same thing happens with kindness, love, relationships or money.