The Hare and the Tortoise
There once was a speedy hare that continually made fun of a tortoise for being so slow. Tired of hearing this all the time, the tortoise challenged the hare to a race. All the animals in the forest gathered to watch and it was agreed that the fox would set the course and be the judge.
They started together but very soon the hare was so far ahead he decided to take a rest and laid down and then fell asleep. At some point the turtlepassed the hare thinking that he had a job at hand and when completed there would be plenty of time to relax, and kept walking along at his steady pace toward the goal line.
When the tortoise crossed the finish line, the other animals cheered so loudly it woke the hare who immediately started running again only to find that the tortoise has already won the race.
The moral is: Slow and steady wins the race!
Compounding works the same way! A slow and steady growth of investments beats the “fast” way of jumping on band wagons, chasing today’s hot stocks and continuous trading and attempts at market timing.
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