ryan foreman wrote:
I think GOI was being a little vague but he obviously cannot be all wrong. What is the good of compound interest if the borrower defaults on his payments?
Vague is right. That's why I suggested he clarify his statement rather than have everyone think he's a moron. I mean, the way he wrote it comes off as suggesting an all cash portfolio is the best compounding scenario. I'm sure that's not what he meant, but instead of showing some sack and admitting so, he dodges and weaves before attacking the messenger. This guy has some serious character flaws.