“Compound interest is the most powerful force in the universe.” – Albert Einstein
I have heard this quote many times over the years. I, like most people, have just assumed that Albert Einstein said it since it is so widely attributed to him. However when I looked it up, I realized that it may be just another urban myth. There is no context for his quote or specific mention in writing of which he has made it.
Regardless of whether he said it or not, it is a very important concept to understand.