Archive for July 25th, 2008

Daily Archive
Friday, July 25th, 2008

Stock Market Returns – The Wonder of Compounding

Albert Einstein described compound growth as the eighth wonder of the world. Although he may have passed away in 1955, the concept of compounding remains the single most important principle governing investment. This post provides the empirical evidence.

4 Comments » - Posted in Money, Markets, Investment by Prieur du Plessis
Friday, July 25th, 2008

Anyone for a 100 billion dollars?

Full marks for eBay entrepreneurs for stepping in where forex traders have lost count of the zeros being added to the Zim dollar every few days. How about paying US$83 for the new Z$100 billion bank note! Although the novelty value of the Zim note is surging, the sad truth is that the note is not worth enough to buy a loaf of bread.

1 Comment » - Posted in Money, Markets, Currencies by Prieur du Plessis