The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

by Eric Jorgenson

Very often, specific knowledge is at the edge of knowledge.

1. The first year, you make 10 percent, and you end up with $1.10. The next year, you end up with $1.21, and the next year $1.33. It keeps adding onto itself. If you’re compounding at 30 percent per year for