Freedom works. Why is this so hard for us to understand? It is in our nature to want to control, to believe that someone has to be in control. This theme runs through every ancient religion, and overcoming that desire to control is central to all of them. Yet capitalism and its political partner, democracy, will always have their critics.
Behold the power of compounding, when one event piles on top of another, then another. In the investing world we usually talk about compounding and how it impacts investment returns. Albert Einstein may have won a Nobel Prize for his theory of relativitiy, but when asked what the greatest invention in human history was, he said, “compound interest.”
