Thursday 26 January 2012

Start trading early to use the ' power of compounding'

"Compounding interest is the greatest mathematical discovery of all time". Albert Einstein


There is a story about an Emperor of China who was so excited about the game of chess that he offered the inventor of the game one wish. The inventor replied that he wanted one grain of rice on the First Square of the chessboard, two grains on the second square, four on the third and so on through the 64th square. The unwitting emperor agreed to the modest request. But two to the 64th power is 18 million trillion grains of rice - more than enough to cover the entire surface of the earth. The Emperor, realizing that he had been duped, had the inventor of the game beheaded.


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