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Thursday, December 20, 2007

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1

Hi,
Mr. Warren Buffett famous Quote for investing:

"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."

He follows a very simple rule when come to investing. That compounding interest rate. With compounding interest rate of 15% your $10,000 investment can become $3,887,006.85 in 40 years. That is enough for you to retire rich.

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