It’s almost certain that anyone who has stepped into the personal finance space would have heard of the widely popular compounding quote – “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.” The saying speaks volume about the power of compounding.
It, however, leaves out one crucial point, which John Bogle, American investor and the founder of Vanguard, has cleverly highlighted.
