Victory
TEAM UP: Steven Spielberg used Goodwin’s book as a basis for the move Lincoln (2012), which is worth a look too. For his portrayal of Father Abraham, Daniel Day-Lewis became the first winner of three best actor awards. Chase doesn’t appear in the film as he was out of the administration by 1865 when the film takes place. But the movie gets a lot right about Lincoln, his personality and how he managed his team. Though the teammates are a bit less historically accurate.
GO MAD WITH ME: You may think I’ve lost it and gone completely crazy. After bashing Jim Cramer, television pundits, and mass media in general, I’m sending you to a link from his show on CNBC. Jim calls compounding “magical.” And I could agree with him... if the sidebar in this chapter hadn’t clearly shown that it is science!
PUMP UP: You only see results in a fitness program, as previous successes build upon each other. The key is to work out regularly and see gains over a long period of time. That is a decent metaphor for explaining how compounding works courtesy of the Department of Defense and their retirement plan. Then pump up even more with a motivational video courtesy of Saturday Night Live.
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Patrick Huey is the author of two books: "History Lessons for the Modern Investor" and "the Seven Pillars of (Financial) Wisdom"; this is considered an outside business activity for Patrick Huey and is separate and apart from his activities as an investment advisor representative with Dynamic Wealth Advisors. The material contained in these books are the current opinions of the author, Patrick Huey but not necessarily those of Dynamic Wealth Advisors. The opinions expressed in these books are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. They are intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed in these books is no guarantee of future results. As always please remember investing involves risk and possible loss of principal capital.