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Bizarre Truth Behind Rule Of 72 in Investment
Rule of 72 is really rule of 69.3

Bizarre Truth Behind Rule Of 72 in Investment

THE RULE OF 72


I know you want to double your money. This is the excuse most people make to go on a gambling spree. When I used to play table tennis or ping pong as they say in some parts of the world, we sometimes do a friendly bet. When you hear double or nothing, take your win and run! This is when you know you are about to get hustled. It turned out some professional players will intentionally lose the first few games and then ask you to go all in, double or nothing. If you fall into the trap, they will crush you 21 to zero. 

Well, before you run, I would like to take you through an important concept in finance -The rule of 72. (more…)

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