Compound Interest Quotes (4 quotes)
Compound interest is the most powerful force in the universe.
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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 its own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the common stock than that which it immediately succeeds.
The Exposition of 1851: Or the Views of Industry, Science and Government of England (1851), 192-3.
Scientific wealth tends to accumulate according to the law of compound interest. Every addition to knowledge of the properties of matter supplies the physical scientist with new instrumental means for discovering and interpreting phenomena of nature, which in their turn afford foundations of fresh generalisations, bringing gains of permanent value into the great storehouse of natural philosophy.
From Inaugural Address of the President to British Association for the Advancement of Science, Edinburgh (2 Aug 1871). Printed in The Chemical News (4 Aug 1871), 24, No. 610., 53.
The most powerful force in the universe is compound interest.
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In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion.
(1987) -- 
