THE PSYCHOLOGY OF MONEY - Commented Book
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Compounding's Price of Admission
General Electric was the largest company in the world in 2004, worth a third of a trillion dollars. The 2008 financial crisis sent GE's financing division into chaos. Subsequent bets in oil and energy were disasters, resulting in billions in write-offs. CEO Jeff Imelt told his successor that every job looks easy when you're not doing it.
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