By Larry Chiang
Thank you for being a loyal reader. My latest installment comes from a radReads blurb from @CantHardyWait.
It’s insightful because he can wait.
CEO of Duck9, Larry (@6502838008) | |
Delayed gratification
Marshmallow test. #ruleOf72 = compound interest (@CantHardyWait) radreads.co/naval-ravikant… pic.twitter.com/DdIPxz2McB |
Best indication of a high FICO score is the Marshmallow test. Can you wait to eat a Marshmallow when two will be given to you later is the infamous Marshmallow Test.
72 divided by the interest rate is the time it takes for principal to double.
Download #ruleOf72 over on Twitter to read about the Rule of 72.
#ruleOf72 = compound interest. If the interest rate is 1000%, it takes about 5 minutes for one marshmallow to become two marshmallows.
72 divided by the interest rate is the time it takes for principal to double. (@CantHardyWait) https://radreads.co/naval-ravikant-on-ego-reading-mindfulness-the-meaning-of-life-7e2d4b344a01
@CantHardyWait stated…
Avoiding short-term thinking & dealing: all benefits in life (money, stockholders equity growth, relationships, love, health, habits come from compound interest.
Sent from my iPhone 8 that Steve Jobs texted me at (two iPhone 4’s where @6502838008 texted back and forth 🙂