The Three Levels of Compounding
Someone on fintwit once said: “Compounding is the highest form of living” I can’t remember who exactly said it, and it has probably been repeated many times before, but for some reason, that quote has stuck with me. I probably think about it once a week. The definition of compounding money is “the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time.” But compounding doesn’t just apply to money.
What is Your Investing Range?
I’m halfway through the book Range: Why Generalists Triumph in a Specialized World and already think it should be required reading for anyone looking to be a happy, successful investor. The author, David Epstein, was interviewed or talked about on multiple podcasts I listen to, which has turned into a surprisingly great way to develop a reading list. A short summary of the book would be this: popular culture would have you believe in order to be the best of the best you need