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...


posted by saviano @ 12:21 PM

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