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Million Dollar Maths
- Om
- Citat6
- Läsare52
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- Upphovsrättsinnehavare
- Bookwire
- Ursprunglig publicering
- 2018
- Utgivningsår
- 2018
- Förlag
- Atlantic Books
Citat
- Ustym Karashchenkohar citerati fjol
Chapter 1 Summary
1. Money can be treated as a variable in a comparative value equation.
2. Use the Rule of 72 for a rough estimate of how rapidly your money will grow.
3. Exponential growth should be part of your ideal business model.
4. Unless you can find some magic beans, you will need to learn how to manage risk and uncertainty, and how to make reasonable predictions of future value. - Ustym Karashchenkohar citerati fjolIf you really want to get geeky about it you can use the more precise 69.3 as the numerator and use what is known as the Eckhart–McHale second order rule, which is this equation:
where t is the number of periods taken to double your money and r is the rate of growth. The second part of this equation helps to improve the accuracy of the estimate for high rates of growth, for which it is otherwise increasingly inaccurate - Ustym Karashchenkohar citerati fjolIf you really want to get geeky about it you can use the more precise 69.3 as the numerator and use what is known as the Eckhart–McHale second order rule, which is this equation:
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