Jun 08 2008
The Slight Edge by Jeff Olson - Book Review
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In the excellent book The Slight Edge, Jeff Olson tells the story of 2 sons who get this choice: 1 $million right away or a penny that is doubled every day for 30 days. The older son chooses the fast Million, the younger the penny. Which one makes the smarter choice?
I just did the math in Excel and this is the result: By day 10 the penny has become $2.56, by day 20, $2,621, by day 30 $2,684,354, more than twice the million that the not so wise brother got (and he blew most of his in legal fees and bad investments.) Continue Reading »
