The Art Of Execution – The Hunters: Hunting For The Compounding EffectGuest Post
Apart from discovering that E=MC2, Einstein was also famous for saying:
“Compound interest is the most powerful force in the universe.”
John Larry Kelly Jr, a famed mathematician, showed that the way to create wealth was to invest in a manner that attempted to maximise the geometric mean of returns. By doing this you would exploit the power of compounding and become rich in the shortest possible time.
I do not intend to go into the detail of the Kelly Criterion as it is now famously called, but . . .
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