How do you grow $.01 to $10,737,418.24? It’s Easy – just double what you have each day for 31 days. Actually this is a simple lesson in compounding interest and the importance of stock dividend reinvesting. Okay, so Jimmy might have must cracked corn, but for those of you who are curious, here is a spread sheet that proves it.
After reading this article on Wired.com about human Gary Kasparov – World Chess Champ vs. machine (IBM Deep Blue), where machine wins the battle but not the war, I’m convinced that technology can only help humans overcome work (shitake we have to do) and maximize life (stuff we love). Yeah, half of us enjoy what we do and where we do it, but there are so many people who die saying they wish they could have done this or that (like starting their own company or fully exploring their natural born curiosity).
It’s only a matter of time before someone creates an open source web arbitrage app that takes a meager $1 and instantly turns it into a $million (plus makes sure life insurance, the kids’ and grandkids’ college tuitions, as well as our next generation’s gmail accounts are taken car of.
Hopefully it is already being done. Can’t wait – Life Arbitrage.