---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/32892404.md"
description: "$Berkshire Hathaway B(BRK.B.US)"Compared to the volatility of the stock market, annual trading commissions and management costs of 2%~3% may appear insignificant. For investors who can achieve annual returns of 20%~30%, these fees only account for a small portion. However, these costs significantly harm long-term wealth accumulation. If a $1,000 investment grows at an annual compound rate of 11% (the nominal return of stocks post-World War II), it would grow to $23,000 in 30 years. A 1% annual fee would reduce the accumulated wealth by nearly 3%. If the annual fee is 3%, the $1,000 investment would only grow to $10,000, less than half of the original accumulated wealth. For a 25-year-old investor, every 1% increase in annual trading costs would force them to delay retirement by two years."Excerpt fromThe Future for Investors: Why the Tried and the True Triumph Over the Bold and the New (5th Edition) (Hua Zhang Classics · Financial Investment)by Jeremy J. SiegelThis material is protected by copyright."
datetime: "2025-08-13T03:16:07.000Z"
locales:
  - [en](https://longbridge.com/en/topics/32892404.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/32892404.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/32892404.md)
author: "[非理性繁荣症患者](https://longbridge.com/en/profiles/13328182.md)"
---

# $Berkshire Hathaway B(BRK.B.US)"Compared to th…


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