Warren Buffett retired with a $150B fortune. How to do the ‘magic trick’ he credits for his success

Core Insights - Warren Buffett's estimated net worth reached approximately $150 billion at the age of 95, emphasizing the significance of time in wealth accumulation [1][3] - Buffett attributes his wealth not to exceptional stock-picking but to the power of compound interest, which he describes as a "snowball" effect that grows over time [2][3] - A significant portion of Buffett's wealth, about 95%, was accumulated after he turned 65, highlighting the importance of starting early in investing [4] Investment Strategy - Buffett advises that most individuals should invest in the S&P 500 index fund, which has historically provided average annual returns of around 10% over the long term [5] - The concept of compounding is crucial, as it involves earning returns on both the initial investment and the returns generated, making early investment critical for maximizing wealth [3][4]