We always adjust to current circumstances in a way that makes forecasting our future desires and actions difficult, resulting in the inability to capture long-term compounding rewards that come from current decisions. Every ten-year-old boy wants to be a policeman, cricketer or film star when they grow up. Then they grow up and realise that playing cricket maybe isn’t the best career. So as a teenager, we dream of being doing engineering or medicine. Then we realise that working as an engineer is not as cool as we thought.
Why we interrupt compounding
Why we interrupt compounding
Why we interrupt compounding
We always adjust to current circumstances in a way that makes forecasting our future desires and actions difficult, resulting in the inability to capture long-term compounding rewards that come from current decisions. Every ten-year-old boy wants to be a policeman, cricketer or film star when they grow up. Then they grow up and realise that playing cricket maybe isn’t the best career. So as a teenager, we dream of being doing engineering or medicine. Then we realise that working as an engineer is not as cool as we thought.