健康，是投资最大的“本金”

Group 1 - The core message emphasizes that health is the most significant capital in investment, as exemplified by the recent passing of Wang Guobin, a respected figure in value investing [1][4] - The article highlights that longevity is crucial for investment success, with Warren Buffett's wealth growth illustrating that 99% of his fortune was accumulated after the age of 60, underscoring the importance of time in compounding returns [1][2] - It discusses the historical context of compounding, noting that the Industrial Revolution created conditions for exponential growth, allowing capital to be efficiently allocated to promising sectors, thus facilitating a departure from linear growth [2][3] Group 2 - The significance of time in investment is further elaborated, indicating that investors, as financial stakeholders, can benefit from the growth of companies they invest in, reinforcing the idea that holding investments long-term can yield substantial returns [3] - The article stresses the need for a robust investment framework and emotional stability to allow compounding to take effect, advocating for a long-term focus rather than seeking immediate gains [3] - Buffett's principle of preserving capital is reiterated, equating an investor's health to their primary capital, emphasizing the necessity of maintaining personal well-being to ensure successful investment practices [4]