I never thought I would actually post something about compounding and here I am, writing my second post. Well, first of all I thought it was such a well understood principle. As mentioned in my previous post, my wife recently came across an acquaintance who did not believe an example on compound returns she provided. [...]

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When mentioning compound returns, many quote Albert Einstein as having declared compound interest to be “the most powerful force in the universe”. It is an urban myth, but it seems to have taken on a life of its own, so I had no choice but to also mention the quote in this particular post :-).
I [...]

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