Warren Buffett once explained what he'd do to turn $10K into a fortune if he were a new investor

Core Insights - The article emphasizes the investment strategies of Warren Buffett, highlighting his disciplined approach to investing and the importance of starting early to harness the power of compounding [3][11][12] Investment Strategies - Buffett advocates for a buy-and-hold strategy, focusing on industries he understands and avoiding the temptation to chase trends [3][6] - He suggests that investors should be prepared for significant volatility, including potential declines of 50% or more in stock prices [3][6] - The article mentions Buffett's preference for small companies, as he believes they are often overlooked and have greater growth potential [15][16] Wealth Accumulation - Buffett's wealth has significantly increased over time, from $30 billion in 1999 to nearly $148 billion today, illustrating the benefits of long-term investing [12] - The article highlights the importance of starting investment early, using the metaphor of a snowball to describe how compound interest works [11][12] Financial Tools and Resources - The article introduces platforms like Acorns, which help investors start saving and investing with spare change, and Public, which offers commission-free trading and social features for investors [13][18] - Range provides comprehensive financial planning services, particularly for high-earning professionals, including tax strategies and real estate investment advice [7][9]