![]() I have also never heard anyone make such an argument in print or broadcast media. I’ve never met anyone who has called compound interest a load of bunk. This has certainly been the case according to my seven years’ experience as a pension journalist. The potency of compound interest is so powerful that anyone you speak to in the world of finance stands by it. These words carry not only the gravitas of Einstein’s authority but also ring with genuine eloquence. ![]() Albert Einstein called compound interest the Eighth Wonder of the World and is claimed to have said: “He who understands it, earns it he who doesn’t, pays for it.” LISTEN TO THE PODCAST HERE: ![]() But to quote Dr Emmett Brown from Back to the Future: “If you put your mind to it, you can accomplish anything.” I am not in the habit of questioning geniuses, especially in fields where I am vulnerable such as maths. ![]()
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