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Compounding

Jim Rogers, who is not a technical trader, but who has made a fortune off trading trends, puts the importance of compounding at the top of his list:

“One of the biggest mistakes most investors make is believing they’ve always got to be doing something . . . the trick in investing is not to lose money . . . the losses will kill you. They ruin your compounding rate; and compounding is the magic of investing.”[26]


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