Bernard Baruch is one of the most legendary characters in the history of investing. In his biography, Jim Grant writes that Baruch was not as wealthy as most people imagine, but rich enough to live the lifestyle “of a millionaire” (whatever that means). At various times in his life, Baruch…
Category: Investing
The Legend of Rice and Chess: A Tale of Exponential Growth
The legend of rice and chess is a classic parable that illustrates the power of exponential growth. It’s a story that has been told and retold for centuries, captivating audiences with its simple premise and astounding conclusion. The Tale A wise man, having invented the game of chess, presented…