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Anthony Scaramucci, founder of global investment firm SkyBridge Capital, recommended on Wednesday the century-old book “The Richest Man in Babylon” to young people and parents for its lessons on saving and investments.
Why Scaramucci Suggests Reading It
Scaramucci took to X to share his thoughts on the 1926 classic written by George Clason, which transformed his perspective on money.
Scaramucci said that the book explains the core lesson of compounding, i.e, a certain return every year over a period of time will double the investment.
“The concepts in this book really helped me get started in investing,” the Bitcoin (CRYPTO: BTC) bull said.
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