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Continuity: The engine of compounding

We have long been taught that the greatest force in finance is compounding. I think we may have mistaken the effect for the cause. Compounding is not the fundamental force. Continuity is: When most people hear the word compounding, they think about money. Compound interest. Investment returns. Long-term wealth. Finance has made compounding famous, but […]

Continuity: The engine of compounding

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