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You Can Retire Sooner Than You Think by Wes Moss

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One of my favorite investment books is The Single Best Investment, by Lowell Miller.1 In it, he uses the term bouncing principal to describe the notion that a steady yield makes it acceptable for your principal to rise and fall (aka bounce) within a reasonable limit. He argues that being a successful investor isn’t about playing the market; it’s about being a partner in the enterprise and beyond.

In fact, says Lowell, it’s really about a “compounding machine that sits quietly off in the corner working for you while you go about your business. It’s about harnessing the true power of time and growth, the incredible accumulation of modest gains ...

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