“Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.”

— Benjamin Graham

Part II, Chapter VIII,Ultimate Uses of the Stored Units, p. 103
Storage and Stability (1937)

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Benjamin Graham 64

American investor 1894–1976

William Poundstone (1955) American writer

Part Six, Blowing Up, Survival Motive, p. 297
Fortune's Formula (2005)

““For the ultimate and real meaning of the argument is, that a soul or mind or person, purely as such, is itself the fountain of its percipient experience, and so possesses what has been happily named "life in itself." Proof of the presence in us of a priori or spontaneous cognition, then, is proof of just this self-causative life.”

George Holmes Howison (1834–1916) American philosopher

The Limits of Evolution, and Other Essays, Illustrating the Metaphysical Theory of Personal Ideaalism (1905), Human Immortality: its Positive Argument

“For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of growth of nominal income. If the quantity of money grows rapidly, so will nominal income, and conversely. The relation is much closer for long than for short periods”

Milton Friedman (1912–2006) American economist, statistician, and writer

Source: Money Mischief (1992), Ch. 2 The Mystery of Money

“It is an arithmetic, moreover, which cannot be denied even though we nearly all try to deny it. The arithmetic is simply this: Any positive rate of growth whatever eventually carries a human population to an unacceptable magnitude, no matter how small the rate of growth may be unless the rate of population growth can be reduced to zero before the population reaches an unacceptable magnitude. There is a famous theorem in economics, one which I call the dismal theorem, which states that if the only thing which can check the growth of population is starvation and misery, then the population will grow until it is sufficiently miserable and starving to check its growth. There is a second, even worse theorem which I call the utterly dismal theorem. It says that if the only thing which can check the growth of population is starvation and misery, then the ultimate result of any technological improvement is to enable a larger number of people to live in misery than before and hence to increase the total sum of human misery.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, The meaning of the twentieth century: the great transition, 1964, p. 126

“Animals use aggression as a technique for gaining control over necessities… that are scarce or are likely to become so… They intensify their threats and attack with increasing frequency as the population around them grow. As a result the behavior itself induces members of the population to spread out in space, raises the death rate, and lowers the birth rate. In such cases aggression is said to be a "density-dependent factor" in controlling population growth.”

Edward O. Wilson book On Human Nature

On Human Nature (1978), Ch.5 Aggression

“Most problems of teaching are not problems of growth but helping cultivate growth. As far as I know, and this is only from personal experience in teaching, I think about ninety percent of the problem in teaching, or maybe ninety-eight percent, is just to help the students get interested. Or what it usually amounts to is to not prevent them from being interested. Typically they come in interested, and the process of education is a way of driving that defect out of their minds. But if children['s] […] normal interest is maintained or even aroused, they can do all kinds of things in ways we don't understand.”

Noam Chomsky (1928) american linguist, philosopher and activist

conference titled "Creation & Culture" in Barcelona, Spain, November 25, 1992 https://web.archive.org/web/20031123171255/http://cognet.mit.edu/library/books/chomsky/chomsky/5/7.html.
Quotes 1990s, 1990-1994

“To grow or not to grow is neither a well-defined nor a relevant question until the location, sense, and subject of growing and the growth process itself are defined”

Mihajlo D. Mesarovic (1928) Serbian academic

Cited in: John Cunningham Wood (1993) Thorstein Veblen: Critical Assessments. p. 408
Mankind at the Turning Point, (1974)

“The more we progress the more we tend to progress. We advance not in arithmetical but in geometrical progression. We draw compound interest on the whole capital of knowledge and virtue which has been accumulated since the dawning of time.”

Arthur Conan Doyle book The Stark Munro Letters

The Stark Munro Letters (1894)
Context: The more we progress the more we tend to progress. We advance not in arithmetical but in geometrical progression. We draw compound interest on the whole capital of knowledge and virtue which has been accumulated since the dawning of time. Some eighty thousand years are supposed to have existed between paleolithic and neolithic man. Yet in all that time he only learned to grind his flint stones instead of chipping them. But within our father's lives what changes have there not been? The railway and the telegraph, chloroform and applied electricity. Ten years now go further than a thousand then, not so much on account of our finer intellects as because the light we have shows us the way to more. Primeval man stumbled along with peering eyes, and slow, uncertain footsteps. Now we walk briskly towards our unknown goal.

“It is in the character of growth that we should learn from both pleasant and unpleasant experiences.”

Nelson Mandela (1918–2013) President of South Africa, anti-apartheid activist

Nelson Mandela on character, Foreign Correspondent's Association's Annual Dinner, Johannesburg, South Africa (21 November 1997). Source: From Nelson Mandela By Himself: The Authorised Book of Quotations © 2010 by Nelson R. Mandela and The Nelson Mandela Foundation http://www.nelsonmandela.org/content/mini-site/selected-quotes
1990s

“There is no need for us to be satisfied with a rate of growth that keeps good men out of work and good capacity out of use.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.”

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