How many of you know the power of compounding?

Mooo
2022-12-08

Einstein says "compounding is the 8th wonder ofthe world! He who knows it enjoys it while he who doesn't know it looses it". This is also cited by Warren Buffett in an interview on how he grows his wealth.

Take a chess board 8x8 square and put one grain of rice on the first square then for every subsequent square DOUBLE the amount.

1,2,4,8,16,32,64, ... etc How much would you haveat the end of 64 squares? What is the final number? Is it 1 million? 1 billion? 1 trillion?

No! The answer is 18 quintillion! That is a massive amount! THAT IS THE TRUE POWER OF COMPOUNDING!

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Comments

  • Hupfumi
    2022-12-08
    Hupfumi
    It's hard to get hold of investment that have a compounding factor
    • bernardtayetReplyMooo
      Absolutely true.
    • Mooo
      It is easy to get it. Do your own due diligence and it will be easy to find
  • JQC
    2022-12-10
    JQC
    [Like]
  • JWZ137
    2022-12-09
    JWZ137
    wow
  • Keith Yeow
    2022-12-09
    Keith Yeow
    Great
  • CYau
    2022-12-09
    CYau
    Like
  • Orhluakia
    2022-12-09
    Orhluakia
    Yes
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