202304102048 Compounding Interest
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.
- 202304102024 Great people have a great deal of drive to do great things
- 202304112152 Intellectual investment is like compound interest
- 202109060836 Knowledge should accumulate
- 202106221146 Leverage
- 202109121530 Maturity of interdependence
- 202109251140 Play long term-games
- 202308271610 Quarry workers' creed
Links to this note
- 202106221146 Leverage
- 202109060836 Knowledge should accumulate
- 202109081301 You'll never get what you don't ask for
- 202109251140 Play long term-games
- 202203231646 Affecting long-term change
- 202304102024 Great people have a great deal of drive to do great things
- 202304112152 Intellectual investment is like compound interest
- 202304112203 Ten percent time
Linked from this note
- 202106221146 Leverage
- 202109060836 Knowledge should accumulate
- 202109121530 Maturity of interdependence
- 202109251140 Play long term-games
- 202304102024 Great people have a great deal of drive to do great things
- 202304112152 Intellectual investment is like compound interest
- 202308271610 Quarry workers' creed