Week VIII · 21 plates
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Compound Capital Appreciation

The arithmetic of independence

The big idea

Ownership plus time is what retires a household without dependence on government. It requires no unusual return — only a share that appreciates, and the years in which to let it.

By the end of this week you can
  • —Compute what a modest share becomes over a working life.
  • —Explain why time in the market matters more than timing it.
  • —Connect compounding to the funding of limited government.
Opening the lecture hall…