GRAHAM BARR AND BRIAN KANTOR: Busting the compound returns myth
It’s not the act of reinvesting that makes a business or individual rich; it’s the underlying rate of growth that really counts
There’s a saying attributed to Albert Einstein: “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
And in Warren Buffett’s view, “compound interest is an investor’s best friend”...
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