Episode Details
Back to EpisodesThe Compounding Trap: Why Selling a Winner Costs You | Daily Essay
Description
Grace Groner bought three shares of Abbott Laboratories for $180 in 1935. When she died at 100 they were worth more than $7 million. A business, a skill, a friendship and a habit compound the same way if you keep showing up for years.
Featuring: Grace Groner, Jeff Bezos
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Chapters:
(00:00) Selling a property and going back
(00:16) What compounds besides money
(00:22) Quitting daily writing in my 20s
(00:31) Grace Groner's three Abbott shares
(00:50) Before you sell or quit
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