Quotes of the Day for 4 June 2003 – Interest
Yesterday I mentioned the Dutch purchase of what is now Manhattan for $24 in trade. A reader noted that said sum, invested at 6% interest, would now be worth many trillions of dollars, possibly more than all of Manhattan. Alas, I can't find the message again to quote the exact amount, but I did find some quotes on Interest.
The excesses of our youth are drafts upon our old age, payable with interest, about thirty years after date.
- Charles Caleb Colton, 1780 - 1832
Good and evil both increase at compound interest.
- Clive Staples Lewis, 1898 - 1963
If a man empties his purse into his head, no man can take it away from him, for an investment in knowledge pays the best interest.
- Joseph E. O'Donnell
Saving love doesn't bring any interest.
- Mae West, 1892 - 1980
Worrying about something is like paying interest on a debt you don't even know if you owe.
- Mark Twain, 1835 - 1910
$100 invested at 7% interest for 100 years will become $100,000, at which time it will be worth absolutely nothing.
- Robert Anson Heinlein, The Notebooks of Lazarus Long
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