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Anthony Scaramucci, founder of global investment firm SkyBridge Capital, explained how the “power of compounding” is key to building wealth.
Scaramucci’s $10K Versus Penny 30-Day Face-Off
In a post on X on Tuesday, Scaramucci presented the showdown between “$10,000 per day or a magic penny that doubles every day” for 30 days.
While the fixed cash amount ($300,000) looks attractive, the penny has exploded to be worth $5.4 million over the past 30 days. “That’s compounding,” Scaramucci wrote, “and that’s why I teach this to every young person I meet.”
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