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You Know Less Than You Think

Money For the Rest of Us

00:00

The Power of Compounding

The knowledge illusion means that we don't check our understanding often or deeply enough. This is a recipe for anti-scientific thinking, says David Frum. To do finance and investing, you need to understand the power of compounding. 25% of US households are confident they could come up with $2,000 in 30 days; 75% couldn't get there.

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