Charles Babbage: Compound Cash

Posted by admin on Thursday, December 26, 2019

Charles Babbage Money Quote saying gaining a store of knowledge can be more valuable than gaining accumulation of cash and produces greater gains. Charles Babbage said:
 
Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital  Quote
 

“Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks it own accumulation: knowledge thus accelerates its own advance” — Charles Babbage

 
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