Buffett to Porter: Snowballs and Guinea Pigs
Warren Buffett’s supremely numerate mother, Leila, taught her young son a ballad of compound interest, which they sang together. Q2 2021 hedge fund letters, conferences and more Warren still sings, and plays the ukulele, too. But we have not, to my knowledge, heard a public rendition of the Buffett compound interest song. Nearly a century ago Cole Porter composed a showtune of compound and romantic interest. Reminding lovers, in their abandon, of Nature’s hidden design for compounding and exponential propagation of the species: "Let's Do It (Let’s Fall In Love)" (1928) Cole’s deliciously sugge...