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Albert Einstein: The Most Powerful Force In The Universe: “Compound Interest"

TedTed
in Fund Discussions
FYI: This week I want to talk about compound interest, fractals, and how you can use them to make yourself rich. Before we get into the compound interest part of things, let’s first take a dive into fractals.
Regards,
Ted
https://ofdollarsanddata.com/wanna-get-rich-think-fractally-707be74f1439

Comments

  • LewisBraham
    edited July 2017
    Fake quote: snopes.com/quotes/einstein/interest.asp
    Aside from its dubious provenance, the quote is incompatible with Einstein's overall political philosophy. Einstein was a socialist. He wrote an essay entitled "Why Socialism?" in which he stated:
    The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil.
    and
    I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
    You can see the wiki on it here: https://en.wikipedia.org/wiki/Why_Socialism%3F
    You can also read the essay in its entirety here:
    https://monthlyreview.org/2009/05/01/why-socialism/
    I suspect even the author of this link on investing doesn't believe Einstein said that comment about compound interest. He states:
    It is alleged that Albert Einstein was asked what is the most powerful force in the universe and he replied: “Compound interest.”
    It is alleged that such alleging is utter poppycock.
  • davidrmorandavidrmoran
    wow, what a lame stretch, to need to grasp for fractals to "explain" compounding

    'you know that everything today is made up of electrons, and therefore ...'
  • AnnaAnna
    So, "compound interest" will survive beyond the "Judgment day"? Gotta get me some of that "compound interest"!
  • TedTed
    @MFO Members: Josh Brown on compound interest ! "When Your Interest Earns Its Own Interest"
    Regards,
    Ted
    http://thereformedbroker.com/2017/07/11/qotd-when-your-interest-earns-its-own-interest/
  • hank
    edited July 2017
    Einstein should have known - gravity
    http://jbmarwood.com/bubbles-crashes/
  • hank
    From Ted's Josh Brown link: "Let’s say you decide to invest $100 and you have the ability to get a 10% annual rate of return." ..... Any ideas where I might lock-in a 10% annual rate of return?
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