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The Magnificence of Compound Interest

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Abstract

Einstein referred to compound interest as the Eighth Wonder of the World (see Table 1 for a list and see the first reference at the end of the chapter for an interesting discussion of the Seven Wonders of the Ancient World). How did this scientist, from all of my reading, a somewhat absent-minded individual with no particular investment prowess, come to make this comment, which merits the second chapter in this book and a detailed discussion?

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Suggested Reading

  • Perrottet T. Journey to the Seven Wonders. Smithsonian Magazines, pp. 115–123, June 2004.

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  • Shilling AG. Deflation: How to Survive and Thrive in the Coming Wave of Deflation. New York, McGraw-Hill, 1999.

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© 2006 Humana Press Inc., Totowa, NJ

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(2006). The Magnificence of Compound Interest. In: The Physician’s Guide to Investing. Humana Press. https://doi.org/10.1007/978-1-59259-953-0_2

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  • DOI: https://doi.org/10.1007/978-1-59259-953-0_2

  • Publisher Name: Humana Press

  • Print ISBN: 978-1-58829-723-5

  • Online ISBN: 978-1-59259-953-0

  • eBook Packages: MedicineMedicine (R0)

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