Time makes money

I tend to think that credit cards will continue to make wonders, to the people who own its shares.

Let time and money do the work, while you sit back and wait the results – Peter Lynch

I tend to think that credit cards will continue to make wonders, to the people who own its shares.

In a interview held some years ago Warren Buffett said he has a American Express, although he prefers not to use it. When the reporter asked how much money did he walks in his wallet, he said, around $400.

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He also said that you don’t need to be a millionaire or even a billionaire to eat what he eats, he’s famous for eating hot-dogs, hamburger and Coca-Cola, he doesn’t care that it may take him a year or so of his life. Let’s pretend we don’t matter either, in this world it’s never wise to disagree with a multi-millionaire.

But there’s another point to it… he also suggested that we could not travel the same way he does, by private or shared Jet shares (NetJets).

Although he’s currently posses around $233 billion dollars, being listed as #5 on Forbes list, the “Oracle of Omaha” started delivering Newspaper at streets, from one coin to another, he proved that the compounding laws of the universe (at least money universe works wonders)…

When questioned by Jeff Bezos’s why people don’t follow his advice, he said: It’s too simple.

…You save, 

…you buy shares of quality companies,

…and wait, as if you were forbidden to sell it for the next 20 years or more…

Then he became the “Oracle”, which is a very successful nickname… it seems you can achieve success, and money, using one simple strategy, which is?

Back on credit cards… he doesn’t use it, however we currently own’s around 21% of American Express shares.

He’s a wise man, I wonder.

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He doesn’t own Jets, he owns the company that owns it and rent to executive…

He doesn’t use credit cards, although he owns the companies… like Bank of America, Mastercard, and Nu Bank…

… We know Trump will get big on banks charging higher interest rates, and that could impact the business significantly we share the same idea of Warren, people tend to continue behaving like they always behave. And that’s how he makes money.

Keep following the path.

Marcelo Marini

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About the author: Marcelo Marini

Marcelo Marini is a businessman, financier, and author. For more than 10 years, he has been sharing his weekly unconventional ideas on business, finance, and independent thinking with readers in over 18 countries.