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"Common sense is not so common." -Voltaire | "Common sense is not so common." -Voltaire | ||
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| + | == Compound Interest == | ||
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| + | “Albert Einstein supposedly observed that the most powerful force in the universe is compound interest, and Mr Buffett’s frugality has enabled compound interest to work its magic. During Mr Buffett’s tenure at Berkshire Hathaway, the S&P 500 index has produced an average total return of 10 per cent. That return reinvested over 42 years will multiply your stake 67 times. But if your investments yield twice as much as that – as Mr Buffett’s have done – your wealth increases not by twice 67, but 67 squared, a factor of 4,500. That arithmetic makes Mr Buffett the richest man in the world.” | ||
Revision as of 13:52, 3 October 2009
Contents
Dasfry
I play the character Dasfry in game. I am founder and Original CEO of Demio's Corporation. Feel free to contact me in game.
Interests
I find myself interested in Military Tactics, Military Strategy, General logistics, Military Logistics, Market trends, Market trades, Economics, Money Creation, Money Destruction, Corporate Shares, Corporate Bonds, Corporate Loans, General Corporation management, General Alliance management, Human behavior, Human psychology, Grand Strategy, and much more...
Quotes
"Do not expect to be applauded when you do the right thing, and do not expect to be forgiven when you err. But even your enemies will respect commitment; and a conscience at peace is worth more than a thousand tainted victories" -words by author Michael Kube-McDowell
"Thus one who is skillful at keeping the enemy on the move maintains deceitful appearances, according to which the enemy will act." - Sun Tzu
"He who has mastered this art [of war] knows the way of heaven and earth, has the support of the populace, and is fully aware of the enemy situation. When he needs to determine his battle array, he knows how to set up the formations. He fights when there is assurance of victory. He stops fighting when there isn't. Such a commander is a general worthy of his sovereign. For one who has really mastered the way of warfare, his enemy can do nothing to escape death." -Sun Bin, Grandson of Sun Tsu
"To defeat your enemy in every battle is good. But the sweetest victory is to subdue your enemy without going to war and without the loss of even one single life!" - Sun Wu (Sun Zi)
"Common sense is not so common." -Voltaire
Compound Interest
“Albert Einstein supposedly observed that the most powerful force in the universe is compound interest, and Mr Buffett’s frugality has enabled compound interest to work its magic. During Mr Buffett’s tenure at Berkshire Hathaway, the S&P 500 index has produced an average total return of 10 per cent. That return reinvested over 42 years will multiply your stake 67 times. But if your investments yield twice as much as that – as Mr Buffett’s have done – your wealth increases not by twice 67, but 67 squared, a factor of 4,500. That arithmetic makes Mr Buffett the richest man in the world.”