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The Art of the Good Life #15 : The Secret of Persistence
By Growing your tree of prosperity  •  March 22, 2018
Old age and treachery will always overcome youth and speed. This chapter is about persistence. The secret to success is about taking steps to sustain your smaller successes and have them compound over time. This is why Warren Buffett is always used as some paragon of compound interest in many personal development books even though we ignored his earlier tactic of buying up cheap companies and forcing management to unlock value by board control. There is some quantitative backing to Warren's slow and steady form of wealth accumulation, the Sharpe ratio of Berkshire Hathaway was known to be between 0.7-0.8 when hedge fund strategists are using strategists that go north of 1. The other example which I enjoy is the concept of a long-seller. Books like 50 Shades of Grey are bestsellers, but they may not persist over time. Lord of the Rings, however, and Jin Yong's works ......
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By Growing your tree of prosperity
I have recently completed my Juris Doctor and I am waiting to be called by the Singapore Bar. For the past 15 years I was an IT manager and I have worked in multinationals, financial exchanges, trade unions and even a government agency. I started my career as an AS/400 administrator and moved on to manage IT projects and operations
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