{"id":20182,"date":"2023-10-16T23:56:00","date_gmt":"2023-10-16T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=20182"},"modified":"2025-12-15T10:39:05","modified_gmt":"2025-12-15T02:39:05","slug":"long-term-investors","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/","title":{"rendered":"Stocks are the best bet for long-term investors"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#My_books_related_to_long-term_investors\" >My books related to long-term investors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#Chapter_on_long-term_investing\" >Chapter on long-term investing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#Chapter_on_long-term_compound_interest\" >Chapter on long-term compound interest<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#Smiths_famous_book\" >Smith&#8217;s famous book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#Buffetts_view\" >Buffett&#8217;s view<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#2018_Shareholder_Letter\" >2018 Shareholder Letter<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#The_American_tailwind\" >The American tailwind<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#2019_Shareholder_Letter\" >2019 Shareholder Letter<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_books_related_to_long-term_investors\"><\/span>My books related to long-term investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chapter_on_long-term_investing\"><\/span>Chapter on long-term investing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>From my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Long-term compounding is discussed on pages 36-44 in Sections 1-3, with detailed examples.<\/li>\n\n\n\n<li>Sections 1-4 on pages 45 to 58 discuss the advantages of long-term investing.<\/li>\n<\/ul>\n\n\n\n<p>In another book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;, I even spent a lot of space explaining that long-term investment is the key factor for investment success:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Section 4-1, pp. 184-192, the discussion about wanting to own a 10-fold stock only needs to &#8220;buy right&#8221; and &#8220;long hold&#8221;.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chapter_on_long-term_compound_interest\"><\/span>Chapter on long-term compound interest<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It is recommended that friends read my book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010889106?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of Super Growth Stocks Investing<\/a>&#8220;:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sections 1-3, pages 36-44, a description of a whole section and a description of an example.<\/li>\n<\/ul>\n\n\n\n<p>And the book &#8220;<a href=\"https:\/\/www.books.com.tw\/products\/0010935641?sloc=main\" target=\"_blank\" rel=\"noreferrer noopener\">The Rules of 10 Baggers<\/a>&#8220;:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Section 4-1, pages 188-192, on the relationship between frequent trading and compound interest.<\/li>\n\n\n\n<li>Sections 4-4, pages 214-218, on the relationship between portfolio rebalancing and compound interest.<\/li>\n\n\n\n<li>Section 6-1, 274 pages.<\/li>\n\n\n\n<li>Sections 6-7, pp. 317-336, on capital operations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Smiths_famous_book\"><\/span>Smith&#8217;s famous book<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Edgar Lawrence Smith, in his 1924 book &#8220;<a href=\"https:\/\/www.amazon.com\/Common-Stocks-Long-Term-Investments\/dp\/1614273324\" target=\"_blank\" rel=\"noreferrer noopener\">Long-term Investment with Common Stocks<\/a>&#8220;, should be a more famous work on long-term investment in stocks.<\/p>\n\n\n\n<p>Holding stocks for a long time is the best investment method, which has already been confirmed by many figures and actual data. Buffett is not the first to say so; economist Edgar Smith, in his 1924 book &#8220;<a href=\"https:\/\/www.amazon.com\/Common-Stocks-Long-Term-Investments\/dp\/1614273324\" target=\"_blank\" rel=\"noreferrer noopener\">Long-term Investment with Common Stocks<\/a>&#8221; advocated long-term investing in stocks. This initiative has influenced many people, including Buffett and economist John Maynard Keynes.<\/p>\n\n\n\n<p>When Smith wrote the book, he was trying to prove that stocks would outperform during periods of inflation. in bonds; and in a deflationary period, the returns on bonds are higher. But the results of Smith&#8217;s actual research<br>Surprisingly, stocks still outperform bonds in deflationary times. his book with a paragraph The confession begins: &#8220;These studies are a record of failures, and failures do not support a preconceived notion theory. &#8220;<\/p>\n\n\n\n<p>Fortunately, the failure prompted Smith to think more deeply about how stocks should be valued. He argues that several factors account for the outperformance of stocks over bonds, both in times of inflation and deflation, but the key factor is the compounding effect common stocks have.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Buffetts_view\"><\/span>Buffett&#8217;s view<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2018_Shareholder_Letter\"><\/span><a href=\"https:\/\/www.berkshirehathaway.com\/letters\/2018ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2018 Shareholder Letter<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_American_tailwind\"><\/span>The American tailwind<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>On March 11th, it will be 77 years since I first invested in an American business. The year was 1942, I was 11, and I went all in, investing $114.75 I had begun accumulating at age six. What I bought was three shares of Cities Service preferred stock. I had become a capitalist, and it felt good.<\/p>\n\n\n\n<p>Let\u2019s now travel back through the two 77-year periods that preceded my purchase. That leaves us starting in 1788, a year prior to George Washington\u2019s installation as our first president. Could anyone then have imagined what<br>their new country would accomplish in only three 77-year lifetimes?<\/p>\n\n\n\n<p>During the two 77-year periods prior to 1942, the United States had grown from four million people \u2013 about 1\u20442 of 1% of the world\u2019s population \u2013 into the most powerful country on earth. In that spring of 1942, though, it faced a crisis: The U.S. and its allies were suffering heavy losses in a war that we had entered only three months earlier. Bad news arrived daily.<\/p>\n\n\n\n<p>Despite the alarming headlines, almost all Americans believed on that March 11th that the war would be won. Nor was their optimism limited to that victory. Leaving aside congenital pessimists, Americans believed that their children and generations beyond would live far better lives than they themselves had led.<\/p>\n\n\n\n<p>The nation\u2019s citizens understood, of course, that the road ahead would not be a smooth ride. It never had been. Early in its history our country was tested by a Civil War that killed 4% of all American males and led President Lincoln to openly ponder whether \u201ca nation so conceived and so dedicated could long endure.\u201d In the 1930s, America suffered through the Great Depression, a punishing period of massive unemployment.<\/p>\n\n\n\n<p>Nevertheless, in 1942, when I made my purchase, the nation expected post-war growth, a belief that proved to be well-founded. In fact, the nation\u2019s achievements can best be described as breathtaking.<\/p>\n\n\n\n<p>Let\u2019s put numbers to that claim: If my $114.75 had been invested in a no-fee S&amp;P 500 index fund, and all dividends had been reinvested, my stake would have grown to be worth (pre-taxes) $606,811 on January 31, 2019 (the<br>latest data available before the printing of this letter). That is a gain of 5,288 for 1. Meanwhile, a $1 million investment by a tax-free institution of that time \u2013 say, a pension fund or college endowment \u2013 would have grown to about $5.3<br>billion.<\/p>\n\n\n\n<p>Let me add one additional calculation that I believe will shock you: If that hypothetical institution had paid only 1% of assets annually to various \u201chelpers,\u201d such as investment managers and consultants, its gain would have<br>been cut in half, to $2.65 billion. That\u2019s what happens over 77 years when the 11.8% annual return actually achieved by the S&amp;P 500 is recalculated at a 10.8% rate.<\/p>\n\n\n\n<p>Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country\u2019s national debt has increased roughly 400-fold during the last of my 77-year periods.<br>That\u2019s 40,000%! Suppose you had foreseen this increase and panicked at the prospect of runaway deficits and a worthless currency. To \u201cprotect\u201d yourself, you might have eschewed stocks and opted instead to buy 31\u20444 ounces of<br>gold with your $114.75.<\/p>\n\n\n\n<p>And what would that supposed protection have delivered? You would now have an asset worth about $4,200, less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.<\/p>\n\n\n\n<p>Our country\u2019s almost unbelievable prosperity has been gained in a bipartisan manner. Since 1942, we have had seven Republican presidents and seven Democrats. In the years they served, the country contended at various times<br>with a long period of viral inflation, a 21% prime rate, several controversial and costly wars, the resignation of a president, a pervasive collapse in home values, a paralyzing financial panic and a host of other problems. All engendered scary headlines; all are now history.<\/p>\n\n\n\n<p>Christopher Wren, architect of St. Paul\u2019s Cathedral, lies buried within that London church. Near his tomb are posted these words of description (translated from Latin): \u201cIf you would seek my monument, look around you.\u201d Those<br>skeptical of America\u2019s economic playbook should heed his message.<\/p>\n\n\n\n<p>In 1788 \u2013 to go back to our starting point \u2013 there really wasn\u2019t much here except for a small band of ambitious people and an embryonic governing framework aimed at turning their dreams into reality. Today, the Federal Reserve estimates our household wealth at $108 trillion, an amount almost impossible to comprehend.<\/p>\n\n\n\n<p>Remember, earlier in this letter, how I described retained earnings as having been the key to Berkshire\u2019s prosperity? So it has been with America. In the nation\u2019s accounting, the comparable item is labeled \u201csavings.\u201d And save we have. If our forefathers had instead consumed all they produced, there would have been no investment, no productivity gains and no leap in living standards.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Charlie and I happily acknowledge that much of Berkshire\u2019s success has simply been a product of what I think should be called The American Tailwind. It is beyond arrogance for American businesses or individuals to boast that they have \u201cdone it alone.\u201d The tidy rows of simple white crosses at Normandy should shame those who make such claims.<\/p>\n\n\n\n<p>There are also many other countries around the world that have bright futures. About that, we should rejoice: Americans will be both more prosperous and safer if all nations thrive. At Berkshire, we hope to invest significant sums across borders.<\/p>\n\n\n\n<p>Over the next 77 years, however, the major source of our gains will almost certainly be provided by The American Tailwind. We are lucky \u2013 gloriously lucky \u2013 to have that force at our back.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2019_Shareholder_Letter\"><\/span><a href=\"https:\/\/berkshirehathaway.com\/letters\/2019ltr.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2019 Shareholder Letter<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>What we can say is that if something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments.<\/p>\n\n\n\n<p>That rosy prediction comes with a warning: Anything can happen to stock prices tomorrow. Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater. But the combination of The American Tailwind, about which I wrote last year, and the compounding wonders described by Mr. Smith, will make equities the much better long-term choice for the individual who does not use borrowed money and who can control<br>his or her emotions. Others? Beware!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"208\" height=\"112\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2023\/05\/lt-1600x1200-1.jpg\" alt=\"long-term investor\" class=\"wp-image-20183\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-d8a344e9-4edc-4dc1-b981-40aa61d258b5\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/26\/long-term-taiwan-investor\/\">Almost no long-term Taiwan investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/12\/14\/public-reaction-long-term\/\">Public reaction on Almost no long-term Taiwan investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/26\/long-term-investment-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Andy Lin&#8217;s long-term investment experience sharing<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/24\/andy-lin-investment-style\/\">The key points of Andy Lin investment style<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/10\/16\/long-term-investors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stocks are the best bet for long-term investors<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/03\/22\/stock-investment\/\">Why is stock investment a better way to manage money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/29\/the-advantages-of-stock-investment-except-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">The advantages of stock investment, except money<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/10\/27\/portfolio-rebalancing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is portfolio rebalancing unreasonable<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/08\/18\/why-concentrated-investment\/\">Why concentrated Investment?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/investors-should-pay-attention-to-the-annualized-rate-of-return-irr-how-to-calculate\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should care annualized rate of return (IRR), calculate with free IRR Calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/17\/possibility-of-long-term\/\">Possibility of long-term holdings, Deep dive on Buffett&#8217;s case<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/11\/20\/the-compound-effect\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Compound Effect<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/24\/compound-interest-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">The power of compound interest<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/05\/compound-interest\/\" target=\"_blank\" rel=\"noreferrer noopener\">Simple and compound interest calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/21\/why-long-term-investment\/\">Why long-term investment is better?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/08\/30\/irr-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">IRR Calculator<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/25\/stock-worth-holding-forever\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should care annualized rate of return (IRR), How to calculate?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/04\/young-people-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">The great enviable advantages of young people investing in stock<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/18\/time-discipline-and-patience-are-the-three-elements-of-successful-investment\/\">Time, discipline and patience are the three elements of successful investment<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/16\/patience-to-invest-success\/\" target=\"_blank\" rel=\"noreferrer noopener\">Patience, an indispensable element of investment success<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Holding stocks for a long time is the best investment method, which has already been confirmed by many figures and actual data. Stocks are the best bet for long-term investors<\/p>\n","protected":false},"author":1,"featured_media":20183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,321,1151,11],"tags":[],"class_list":["post-20182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-long-term-investing","category-bond","category-compound-interest","category-buffett"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=20182"}],"version-history":[{"count":28,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20182\/revisions"}],"predecessor-version":[{"id":40625,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/20182\/revisions\/40625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/20183"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=20182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=20182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=20182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}