alt Hacker News>>none of your logic makes any sense to me.
Compounding is a function of time. More time you are alive, more you see in that time. This follows from definition of compounding itself.
>>none of your logic makes any sense to me.
Compounding is a function of time. More time you are alive, more you see in that time. This follows from definition of compounding itself.
Nobody doubts how compounding works. They doubt the logic of using that to argue that someone achieving a sustained CAGR of nearly 20% over decades and being recognised by peers as the greatest money manager of the twentieth century when he was already one of the world's richest man in his sixties actually achieved "fairly normal" performance mostly down to living a long time.