The father of modern physics, Albert Einstein was unquestionably a brilliant mind. Not only did he change the world with his work in physics, but he was also an avid sailor, played the violin and shared this gem with the world:
Q4 hedge fund letters, conference, scoops etc
Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.
In investment circles, Warren Buffett is most credited with exploiting the benefit of compounding and, at 88 years old, has obviously figured out how to do just that!
It isn’t too challenging to understand and agree with what Einstein and Buffet have taught us: anyone in the markets understands that compounding...
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