Words in Boxes

Nouns, verbs, and occasionally adjectives.

Friday, January 22, 2010

Knowledge and productivity are like compound interest

What Bode was saying was this: ``Knowledge and productivity are like compound interest.'' Given two people of approximately the same ability and one person who works ten percent more than the other, the latter will more than twice outproduce the former. The more you know, the more you learn; the more you learn, the more you can do; the more you can do, the more the opportunity - it is very much like compound interest. I don't want to give you a rate, but it is a very high rate. Given two people with exactly the same ability, the one person who manages day in and day out to get in one more hour of thinking will be tremendously more productive over a lifetime.

– Richard Hammin, in You and Your Research

I'm James Sulak, a software developer in Houston, Texas.

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