American billionaire Warren Buffett has called time the most valuable asset, emphasizing that money does not matter to him in the context of material achievements. This was reported by Yahoo! Finance, according to UNN.
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American billionaire Warren Buffett is known worldwide for his investments. He is one of the most influential and successful representatives of this sector. The investor shared his experience and named his most valuable asset.
The success of 94-year-old Warren Buffett was not instantaneous. It took him decades to make his investment decisions successful and help him accumulate capital.
In particular, it is known that Buffett earned 99% of his capital after his 50th birthday. Moreover, he first entered the billionaire ranking at the age of 56. His reliance on continuous and long-term investments for more than 60 years is one of the main reasons why his wealth is ahead of most other professional investors.
Buffett, whose net worth is estimated by Forbes at $145.9 billion, said that for him, "money in the context of traveling or owning more houses, boats, or whatever, is of no use." Instead, he emphasized that his most valuable asset is time.
According to him, the money lost on stocks can be recovered, but the absence of even one year in the stock market can reduce long-term profits more than expected.