Peter D. Kaufman

Compound interest.

If compounding is such a powerful force, why doesn't everyone harness it?

And Peter says it's because humans hate being constant.

The picture he paints is very vivid, where the functional equivalent of Sisyphus pushing his boulder up the mountain, you push it halfway and you go, I'll come back and do this another time.

And so the boulder rolls back down.

I've got this great idea.

I'm going to really work hard on it.

And you'll push it halfway up.

And, ah, you know, I'll get back to this next month.

That is the human condition.

And this is very in strength.

Every interruption to constant progress breaks compounding.

You fall off the exceptional curve and onto a linear one, or worse, you start sliding backwards.

And when Peter asks how many people are truly constant, he names two from his own experience, Warren Buffett and Charlie Munger.

I'm quoting him here.

He says, everybody wants to be rich like Warren Buffett and Charlie Munger.

And I'm telling you how they got rich.

They were constant.

They were not intermittent.

I love that line, they were not intermittent.