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Compound Interest Quotes

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Compound Interest Quotes

“If you are investing in your education and you are learning, you should do that as early as you possibly can, because then it will have time to compound over the longest period. And that the things you do learn and invest in should be knowledge that is cumulative, so that the knowledge builds on itself. So instead of learning something that might become obsolete tomorrow, like some particular type of software [that no one even uses two years later], choose things that will make you smarter in 10 or 20 years.”

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Author:Warren Buffett
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“Scientific wealth tends to accumulate according to the law of compound interest. Every addition to knowledge of the properties of matter supplies the physical scientist with new instrumental means for discovering and interpreting phenomena of nature, which in their turn afford foundations of fresh generalisations, bringing gains of permanent value into the great storehouse of natural philosophy.”

MeanMatterPhilosophyLawValuesTurnsInterestNaturalWealthGainsScientistFoundationPropertyPermanentPhenomenonDiscoveringAccumulationSuppliesCompoundsInterpretingGeneralizationCompound InterestNatural PhilosophyGeneralisationProperties Of Matter
Author:Lord Kelvin
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“Knowledge and productivity are like compound interest. The more you know, the more you learn; the more you learn, the more you can do; the more you can do, the more the opportunity. I don`t want to give you a rate, but it is a very high rate. Given two people with exactly the same ability, the one person who manages day in and day out to get in one more hour of thinking will be tremendously more productive over a lifetime.”

PeopleThinkingKnowsWantGivingPersonsTwoOpportunityGivenInterestCan DoHoursAbilityLifetimeRateProductivityManageProductiveCompoundsCompound Interest
Author:Richard Hamming
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“In raising the price of commodities, the rise of wages operates in the same manner as simple interest does in the accumulation of debt. Our merchants and master manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods, both at home and abroad. They say nothing concerning the bad effects of high profits; they are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.”

PeopleDoePhilosophyPoliticalInterestSimpleEffectsMastersGainsEconomicsRegardSilentProfitComplainingGoodsCommodityWagesCompoundsMerchantsPerniciousCompound Interest
Author:Adam Smith
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“Good and evil both increase at compound interest. That is why the little decisions you and I make every day are of such infinite importance. The smallest good act today is the capture of a strategic point from which, a few months later, you may be able to go on to victories you never dreamed of. An apparently trivial indulgence in lust or anger today is the loss of a ridge or railway line or bridgehead from which the enemy may launch an attack otherwise impossible.”

MayLittlesTodayAbleEvilInterestLinesLossDecisionEnemyImpossibleMonthsGoes OnVictoryImportanceIncreaseInfiniteLustGood And EvilCaptureSmallestIndulgenceStrategicCompoundsRailwayRidgesCompound Interest
Author:C. S. Lewis
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“Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.”

KnowsRememberScienceInterestCommonKnowledgeProgressGenerationsProduceSucceedDeserveIncreaseAddRateBoundsChecksComparisonRapidsAccumulationCompoundsPredecessorsAccelerateCompound Interest
Author:Charles Babbage
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“In any case, do you really think kids even want something that is relevant to their daily lives? You think something practical like compound interest is going to get them excited? People enjoy fantasy, and that is just what mathematics can provide - a relief from daily life, an anodyne to the practical workaday world.”

PeopleThinkingWorldWantKidsEnjoyInterestCasesFantasyMathematicsExcitedMathPracticalsReliefDaily LifeRelevantWant SomethingCompoundsCompound Interest
Author:Paul Lockhart
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“Thus far we have considered the problem of conservation of land purely as an economic issue. A false front of exclusively economic determinism is so habitual to Americans in discussing public questions that one must speak in the language of compound interest to get a hearing.”

ProblemSpeakLanguageInterestIssuesEconomicLandFrontsRiversEnvironmentalHearingConservationCompoundsDiscussingHabitualDeterminismEconomic IssuesCompound Interest
Book:Aldo Leopold: A Sand County Almanac & Other Writings on Conservation and Ecology: (Library of America #238)
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“There is a third silent party to all our bargains. The nature and soul of things takes on itself the guaranty of the fulfillment of every contract, so that honest service cannot come to loss. If you serve an ungrateful master, serve him the more. Put God in your debt. Every stroke shall be repaid. The longer the payment is withholden, the better for you; for compound interest on compound interest is the rate and usage of this exchequer.”

IfsSoulInterestLossPartyHonestMastersThirdsSilentRateDebtFulfillmentContractsStrokesPaymentBargainsCompoundsUngratefulUsageCompound Interest
Book:Select Essays and Poems
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