A Quote by Albert Einstein
Compounding is the 8th wonder of the world.
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The magic of compounding interest is truly the eighth wonder of the world!
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
You know, sometimes I'll go to an 8th-grade graduation and there's all that pomp and circumstance and gowns and flowers. And I think to myself, it's just 8th grade ... An 8th-grade education doesn't cut it today. Let's give them a handshake and tell them to get their butts back in the library!
Albert Einstein is reported to have said compounding is the eighth wonder of the world. Obviously, a dollar invested in your 20s is worth so much more than a dollar invested in your 60s.
Most people are playing the game of compounding interest, which is self interest - how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call 'compounding impact.' How do you make a positive impact in the world?
I grew really fast. It's true I went from 5'6'' to 6'1'' in six months in 8th grade. By the end of 8th grade, I was 6'1''. Everyone was freaking out.
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
I constantly peed in my pants up until the 8th grade and wore an extra-large sailor uniform from kindergarten to 8th grade because my mom was scared I'd grow out of it. So I learned to make fun of myself at school and summer camp.
Aristotle said that philosophy begins in wonder. I believe it also ends in wonder. The ultimate way in which we relate to the world as something sacred is by renewing our sense of wonder. That's why I'm so opposed to the kind of miracle-mongering we find in both new-age and old-age religion. We're attracted to pseudomiracles only because we've ceased to wonder at the world, at how amazing it is.
Wonder is very necessary in life. When we're little kids, we're filled with wonder for the world - it's fascinating and miraculous. A lot of people lose that. They become cynical and jaded, especially in modern day society. Magic renews that wonder.
The 8th Habit, then, is not about adding one more habit to the 7 - one that somehow got forgotten. It's about seeing and harnessing the power of a third dimension to the 7 Habits that meets the central challenge of the new Knowledge Worker Age. The 8th Habit is to Find Your Voice and Inspire Others to Find Theirs.
If Facebook were a country, it would be the 8th most populated in the world, just ahead of Japan.
I used to sneak up to the 8th floor and watch Eddie Murphy and Joe Piscopo rehearsing 'Saturday Night Live' and could only wonder if I would ever have the chance to be funny. It took me five years to go up the two stories, but it is such a sense of fulfillment to be able to show what I can do on national television.
We moved in 8th grade, so 7th grade I was doing okay, and then 8th grade, everything fell apart. I had no fashion sense to speak of. We only had a couple of hair care products back then. We didn't have all these things to tame your hair. I had glasses; I had braces. I had it all.
I'm a big believer in doing things that make you uncomfortable. So, we live in a world where we want to be as comfortable as we can. And we wonder why we have no growth. We wonder why - when the smallest thing in our life gets difficult - we wonder why we cower and we run away.
We have educated ourselves into a world from which wonder, and he fear and dread and splendor and freedom of wonder have been banished. Of course wonder is costly. You couldn't incorporate it into a modern state, beacuse it is the antithesis of the anxiously worshiped security which is what a modern state is asked to give. Wonder is marvellous but it is also cruel, cruel, cruel. It is undemocratic, discriminatory and pitiless.
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