“Compound Interest Is The Eighth Wonder Of The World’
Let me start with a description of what is “Power of Compound” all about…
Suppose you invest your money and make returns on it. The compound takes effect when you reinvest the interest rather than take it as a payout.
This means that interest in the next period is earned not only on the principal sum but also on any interest that was previously accumulated.
Imagine, you invested $1 and received a 10% return per day. The start of the next day, you would then have a $1.10. Now that $0.10 doesn’t look much in the scheme of things.
But the magical element of compounding is the effect of time.
Here is another fun video explanation prepared by Tony Robbins of...
“When you are in a small boat, you can see who’s paddling hard and who’s looking around.”
- Ev Williams
An ex-Cisco engineer broke into Cisco systems without the company’s permission. The incident occurred five months after he resigned from his position as an engineer at Cisco.
During his unauthorised access, he admitted that he deployed a malicious code from his Google Cloud Project account that resulted in the deletion of 456 virtual machines for Cisco’s WebEx Teams application, which provided video meetings, video messaging, file sharing and other collaboration tools.
As a result of this incident, the 16,000 WebEx Teams accounts were shut down for up to two weeks, which caused Cisco to spend approximately $1.4 million to restore the damage to the application and refund over $1 million to affected customers.
The incident points to a serious insider...