the second curve that is going to change my life ( the first one being -power law).
I do not fully understand the consequence of the title .....but I am pretty sure that over time I will understand the deeper nuance of the statement. But , you can't help and get hooked to this simple sentence.
I should find more things in life that have compound interest type returns... be it relationship, be it business , be it knowledge, be it wealth......I think compound interest has something to do with the design of society itself.
there are very few people who do understand this........ I think I had read something similar in the book Intelligent investor by benjamin graham.
lets try to understand:
1) Learning has a compounding effect in our lives...for eg- it took me 3 years ( after my 12th standard ) to get fluent in the use of English language. But ever since, I have been reaping benefits of the hard work I put. I did the work once, I new that it was a once in a life time work and the result will be compounding(it was more intuitive...... I must have not used this term) for the whole life.
2) FBD diagram and visualization (done for physics and mathematics..vector analysis) - I was compelled by my love for understanding the physical world ....that I put innumerable hours to visualize and simplify physics problems. Having been done innumerable times, this ability got stuck with me ,even long after I left the subject. This habit has morphed itself into me asking about the bigger picture first and trying to visualize the outcome , long before it has been understood clearly.( one example would be this article itself, I read something simple....but my brain compelled me to extrapolated consequence of the concept.....long before I have begun using it as well)
3) Money and help - I have seen people offering money and help to those people who precisely don't require both of those entities. Earlier I thought it had something to do with human nature( before i understood, self interest), but now I feeling more and more that it has more to do with compound than self interest, self interest comes in picture after compound interest analysis by help giving entity. The one who is offering money or help knows that the other entity is powerful enough to return the favor in greater amplitude.....hence the generosity. ( I do not have to be politically correct, I am just stating what I have observed)
4) relationship - The longer one spends with an entity, the more the interactions with the entity and emotionally deeper experience with anyone will keep giving you emotionally deeper and meaningful returns in life. ( I am not interested, but that has been my observation........ till the self interest is aligned )
5) habit formation/neural reorientation - it becomes easier over period of time, the more favorable information one gathers about the new habit and the more one practice , it becomes easier.
I will add more things in life that I thing have compounding effect and had some intuition about them, even before I had understanding of this term......
I thing sooner or later I will completely agree to this statement... but for now the search continues.....
I do not fully understand the consequence of the title .....but I am pretty sure that over time I will understand the deeper nuance of the statement. But , you can't help and get hooked to this simple sentence.
I should find more things in life that have compound interest type returns... be it relationship, be it business , be it knowledge, be it wealth......I think compound interest has something to do with the design of society itself.
there are very few people who do understand this........ I think I had read something similar in the book Intelligent investor by benjamin graham.
lets try to understand:
1) Learning has a compounding effect in our lives...for eg- it took me 3 years ( after my 12th standard ) to get fluent in the use of English language. But ever since, I have been reaping benefits of the hard work I put. I did the work once, I new that it was a once in a life time work and the result will be compounding(it was more intuitive...... I must have not used this term) for the whole life.
2) FBD diagram and visualization (done for physics and mathematics..vector analysis) - I was compelled by my love for understanding the physical world ....that I put innumerable hours to visualize and simplify physics problems. Having been done innumerable times, this ability got stuck with me ,even long after I left the subject. This habit has morphed itself into me asking about the bigger picture first and trying to visualize the outcome , long before it has been understood clearly.( one example would be this article itself, I read something simple....but my brain compelled me to extrapolated consequence of the concept.....long before I have begun using it as well)
3) Money and help - I have seen people offering money and help to those people who precisely don't require both of those entities. Earlier I thought it had something to do with human nature( before i understood, self interest), but now I feeling more and more that it has more to do with compound than self interest, self interest comes in picture after compound interest analysis by help giving entity. The one who is offering money or help knows that the other entity is powerful enough to return the favor in greater amplitude.....hence the generosity. ( I do not have to be politically correct, I am just stating what I have observed)
4) relationship - The longer one spends with an entity, the more the interactions with the entity and emotionally deeper experience with anyone will keep giving you emotionally deeper and meaningful returns in life. ( I am not interested, but that has been my observation........ till the self interest is aligned )
5) habit formation/neural reorientation - it becomes easier over period of time, the more favorable information one gathers about the new habit and the more one practice , it becomes easier.
I will add more things in life that I thing have compounding effect and had some intuition about them, even before I had understanding of this term......
I thing sooner or later I will completely agree to this statement... but for now the search continues.....
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