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What’s something about the stock market you wished you knew earlier in life?

Warren Buffett found this out at the age of 11! What did he find out? Time makes you money. I wish I knew this story sooner. Picture this: It’s1941, a 11 year old Warren Buffett buys 3 shares for him and his sister in an oil and gas company called cities service for $38.25 per share.

Warren Buffett was understandably excited to make money but he didn’t realise he was about to learn his most important lesson.

Not so long after the purchase, the share price drops to $27 per share. He was losing money. A scared Warren Buffett began to panic. This was meant to work? All the planning that went into this share purchase, why didn’t it work?

Warren Buffett stubbornly held on to the shares. The price increased and increased until the shares were worth $40 per share.

Think about what you would do at this point?Many people would do the same as a young Warren Buffett did. After the potential of losing money, he sold the shares for a small profit.

But this was not the end…

Quickly after, the share price rose. Not by a small amount but a big one. The share price rose to $202 per share.Imagine the disappointment. This was a lesson Warren Buffett never forgot:

Time makes you money

If he had just held longer in the stock he would have made a lot more money. This became a fundamental part of his investment strategy and part of his investment company, Berkshire Hathaway. What does Warren Buffett say? “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant” – Warren Buffett

Santosian Noor is a Kenyan Environmental Engineer, Wildlife film producer, and director of film and television. He is best known as wildlife conservationist and the Author of "THE CRY FOR ELEPHANTS", "THE LAST TUSKS", "THE CRY OF A SON", and "THE MISSING ELEPHANTS"

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