Investor Stan Druckenmiller says one of his mentors taught him two crucial things:

• Never invest in the present; look 18 months out.
• The central bank moves the market, not earnings.

“If you invest in the present, you’re going to get run over!”

"To get a bargain price, you've got to look for where the public is most frightened and pessimistic." pic.twitter.com/AeyxQEcZpK

— LCTempleton (@LCTempleton) May 25, 2023

Compound interest – By saving $10, you are really saving $100 or $1,000 [because of the future compound growth of the $10], and this compounding growth requires a little wait and patience.

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