Warren Buffett stepped down as CEO of Berkshire Hathaway with an estimated net worth of $150 billion. He attributes his wealth to compound interest, not market secrets. The key is starting early and letting time do the work. Even the best stock picker can’t match decades of compounding. Buffett recommends the S&P 500 index fund for most people. Starting early with consistent contributions is crucial for compounding to work. Buffett emphasizes that anyone can benefit from compounding, not just professional investors. Retirement accounts like 401(k)s and IRAs are ideal for this strategy. Buffett stresses that money isn’t his ultimate goal; time and freedom are more valuable. Compound interest is the key to wealth, not market timing. Buffett’s advice is simple but powerful: Start early and let compounding do the heavy lifting.

Read more at Yahoo Finance: Warren Buffett retired with a $150B fortune. How to do the ‘magic trick’ he credits for his success