Wednesday, June 14, 2023

Compounding 101......................

 If you view progress as being driven by the genius of individuals, of course it’s hard to imagine a future where things are dramatically better, because no individual is orders of magnitudes smarter than average.

But when you view it as one person coming up with a small idea, another person copying that idea and tweaking it a little, another taking that insight and manipulating it a bit, another yet taking that product and combining it with something else – incremental, tiny bits, little ideas mixing, joining, blending, mutating, and compounding together – it’s suddenly much more conceivable.

-Morgan Housel, from here

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