He's basically saying that constant reinvestment of your capital leads to ever increasing success (and maybe, one day, blockbuster success).
I took my savings from my first job, went back to university to learn programming, then got a job with over double the salary. Now earn enough to save money (not that much, maybe a few thousand a year), and also learn a lot of new skills on the job (finance). I've avoided things that take up all my surplus cash/time... But I'm not sure how to 'reinvest' at this point. One obvious choice is doing a CFA (company pays the bills but it would be a huge timesink). Or I could try iOS or web development and use my money to get outside help where needed to make a good product. Or i could invest in stocks/bonds or something.
Anyone else care to share their history of, uh, reinvestment success?
I took my savings from my first job, went back to university to learn programming, then got a job with over double the salary. Now earn enough to save money (not that much, maybe a few thousand a year), and also learn a lot of new skills on the job (finance). I've avoided things that take up all my surplus cash/time... But I'm not sure how to 'reinvest' at this point. One obvious choice is doing a CFA (company pays the bills but it would be a huge timesink). Or I could try iOS or web development and use my money to get outside help where needed to make a good product. Or i could invest in stocks/bonds or something.
Anyone else care to share their history of, uh, reinvestment success?