Tech — Work — Ramblings

by Mike Kalvas

202304102048 Compounding Interest

#structure

There is a quote attributed to Einstein that's probably made up but still good.

Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.

Or sometimes in a different phrasing,

Compound interest is the most powerful force in the universe.

Both of these sentiments strike at the heart of the power of compound interest. Unfettered exponential growth can make even the smallest changes today, radically valuable in the future.