Stand-up Comedy 101

Tuesday, April 29, 2008

Second rule of investing

What is the second rule of investing? Plan for the long term. That's when compound interest becomes your best friend. Don't expect to be rich today, this month or this year. I don't expect to sell my investments for a very long time. Decades, maybe. The stock market always goes up in the long term. And I don't expect to be discovered as a comedian for a long time. Never, maybe. I'm hoping for the best and preparing for the worst. In comedy or investing, success takes time. The longer it takes, the sweeter it tastes. You know what they say about good things and those who wait.

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