Some thoughts, articles and inspiring stories on finance, corporate governance, world economies, stock market, investments and relevant aspects !
Tuesday, February 26, 2008
Talk about Compound Interest
"During the 20th century, the Dow advanced from 66 to 11,497. This gain, though it appears huge, shrinks to 5.3% when compounded annually ... For investors to merely match that 5.3% market-value gain, the Dow--recently below 13,000--would need to close at about 2,000,000 on Dec. 31, 2099." - Warren Buffet