A Bourse Diary

Thoughts on stocks, speculation and ... life

Sunday, January 15, 2006

An amasing story of the power of compound interst

There is a funny story about the Indians who once sold Manhattan in Personal Finance Advice Blog. I have first read about it in a book of Peter Linch. If you think the Indians have made a bad deal, you are not right. It is the amazing power of compound interest. Go read it and you'll see...

And if you think twice, you must see, it is even logical: Manhattan today is worth that much because people have created it - with the power of the incresing technology, productivity, economic growth. Its worth could actually not grow much faster than that...


Post a Comment

<< Home

Disclaimer: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and are in no way intended to serve as personal investing advice and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Readers should not make any investment decision without first conducting their own thorough due diligence. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. While the information provided is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed.