In the midst of market turbulence, listening to Charlie Munger's teachings, among Munger's many wise speeches, there is a speech that I have listened to ten times but still haven't heard enough: If I were to summarize my lifelong wealth experience in one word, it would be patience, not talent, not opportunity, but the kind of patience that can sit and endure through time. I have seen too many people who are poor, not because they don't work hard, but because they are too eager, eager to make money, eager to prove themselves, eager to change their destiny. As a result, they dig a pit at every stage and eventually fall into their own anxiety. You have to understand that wealth never grows linearly, it's more like a tree. You water and fertilize it, guard it, nothing happens in the first few years, and then one day it suddenly skyrockets. The problem is that most people won't live to that day. They give up before the critical point of compound interest, waver before the right strategy takes root, and want to see immediate returns, so they do immediate stupid things. The rules of the game in this world are simple, impatient people give money to patient people. The investors I admired the most when I was young were not those who became rich overnight, but those who did nothing but stayed alive. They may not seem particularly special, but decades have passed and they are richer than anyone else because they understand the language of time. Time is the only thing in the world that never deceives or owes debts. If you give it trust, it will compound interest on you. If you urge it to hurry up, it will punish you. Buffett likes to talk about the snowball rule, but no one wants to listen to the rolling part, which is long and boring, and even makes people doubt if it's for nothing. But it was that period of slow rolling that determined Snowball's fate. Most people only see how big the snowball is, and no one sees how long others have been pushing it. You have to learn to accumulate in silence, persevere when no one cheers, and continue to be rational, frugal, and thoughtful when the world ignores you. When others are panicking and blind, your time is up. I don't believe in luck, I believe in waiting because luck is just a result, waiting is the process. This world will punish impatience and reward calmness. You see, those who have lost everything share a common trait of wanting to be quick, while those who are truly wealthy have an almost religious patience that makes people think they are foolish. But precisely because they are foolish, they are never swayed by the noise of the market. Patience is a strategic disguise that makes you appear ordinary until all smart people succumb to their own impatience. You don't need to do too much, you just need to wait a little longer than others, and this extra wait is the whole secret of compound interest. The greatest wealth in human history belongs to those who know how to be slow. Slow is the highest form of fast, because it is built on the alliance of reason, moderation, and time. So, if you ask me, 'Charlie, what is the best investment?' I would answer, invest in your patience, because the market will deceive you, the news will deceive you, emotions will deceive you, but time never deceives you. I have seen too many smart people go bankrupt, they are not brainless, they are impatient. They are too eager to prove that they are smarter than the market, so they use leverage, borrowing, and fantasy to gamble, thinking that it is a strategy, but in fact they are seeking their own dead end. The essence of wealth accumulation is a moral issue, testing your rationality, self-control, and endurance towards slowness. I have never made a genius decision in my life, I just make fewer foolish mistakes and let time finish the rest. People think I am a long-term investor, but in fact, I am just a chronic patient. Others are busy sprinting, while I am busy waiting. In the 1973 stock market crash, everyone panicked and sold, but I remained calm. I knew the market would eventually recover, and those panicked people were just selling their future at a discount. People who get rich quickly often lose quickly, and rejecting the temptation of speed is the prerequisite for getting rich. You don't need a genius mind, common sense and sufficient concentration are enough. My success with Buffett has never been due to accurately selecting winners, but to being good at avoiding losers. Most of the wealth we earn comes from decades of 'doing nothing' after finding good targets. At Berkshire Hathaway Hathaway, some stocks we hold for decades are not loyal, but selling high-quality companies is really foolish. Many people have gotten it wrong: making money doesn't rely on decisiveness in frequent buying and selling, big money is often earned while waiting. The two most difficult things in this world are to remain calm when others go crazy, and to persevere even when there is no reward - and these are the core tests of patience. Patience itself will also compound interest, just like interest and knowledge. At first, waiting is torture, but after getting used to seeing impatient people ruin themselves, patience becomes an instinct. The more you practice, the easier it becomes and the greater the reward it gives you. Additionally, you need to first save up your first savings in life. It's not just money, but also the confidence you have to patiently wait - with this money, you won't panic when the market crashes, and you won't be greedy when the market is crazy, so you can always make choices based on logic rather than being swayed by emotions. I have lived for over 90 years, witnessing people who have won money but lost their lives, as well as ordinary people living a clear and stable life through patience. True financial freedom is not about having enough money to do whatever you want, but about finally being able to avoid doing things you don't want to do. My lifelong philosophy can be condensed into one sentence: get rich slowly, always be rich. Getting rich slowly is not laziness, but absolute indifference to short-term stimuli, which is the only path that will not make you lose your soul. Only those who can slow down are worthy of long-term wealth - because wealth is never a reward for running, but a necessary reward for patience. Knowledge is complex, but the truth is simple. The market is complex, but the response is simple. Encouragement together