Compounding effects mean that success begets success.
- Compounding effects mean that success begets success.
- The more successful you are, the more you are able to invest in the next round.
- This means that even one lucky break can put you on a compounding trajectory to a 10x better outcome than before.
- Imagine winning the lottery and now being on a permanently different strata.
- If you can't save enough to have capital, then you'll just be on the wage treadmill.
- The entire logic of society is based on this principle.