My wealth has come from a combination of living in America, some lucky genes, and compound interest.”
~ Warren Buffett
“The first rule of compounding is to never interrupt it unnecessarily.”
~ Charlie Munger
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”
~ Albert Einstein (alleged quote; I have my doubts)
Did Albert Einstein really call compound interest the eighth wonder of the world? That’s debatable. What’s not up for debate, however, is that compound interest is indeed wonderous and every investor should know how it works.