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All moments › Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting

Warren Buffett explains get-rich-slow strategy; buying discounted assets during crashes builds wealth.

From Why Most New Traders Fail (A 20-Year Pro Explains) | ft. Will Hunting · jumps to 31:42 · speech

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And I can understand why at one time you were the world's wealthiest man. And the only thing I don't get is why more people don't do it. And Warren Buffet replied to me, he says, well, what I've got is something along the lines of a get rich slow scheme. And people don't want that, right? And so it's like, you know, the longer you've been around, the more times you see these crashes happen and markets recover, you know, the next time a big crash happens, if you're picking up SPX at a 10% discount, 15% discount, 20% discount, even deeper, why wouldn't you?
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