“Compound interest is the 8th wonder of the world”.
ALBERT EINSTEIN
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Series of ideas on power or compounding in Personal Finance
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Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.
ALBERT EINSTEIN
The Munger Technique
*Just like compound interest multiples one’s savings, improving one’s mind daily, during the best hour of the day, multiplies one’s mental compounding interest.
This ‘mental’ compounding interest advice comes from investor Charlie Munger, in his book University of Berkshire ...
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