al bartlett

there are many videos in this series. suggested by berkeley22.
his presentation is a steamroller of facts.
statistics can lie, but truth is undeniable.

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3 thoughts on “al bartlett

  1. armchair

    Who would ever pass up an opportunity to wallow in obscurity? I wouldn’t. Anyway, I found a historical curiosity on the astonishing qualities of compound interest. The following link contains what was published in the, Gazette de France, Friday, Aug. 13, 1784. No. 65.

    http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php%3Ftitle=1788&chapter=97174&layout=html&Itemid=27

    If you go to the link, look for, “The Testament of M. Richard.” The testament is intended to use 500 livres to solve the world’s problems and its done through the principles of compound interest. It is pretty interesting to read about the world’s problems from about 220 years ago and see how they might have been solved. Here is some language from Simon Schama’s, “Citizens,” to help explain, and everything that follows is from Schama’s book:

    Published as a supplement to the universally popular French edition of Franklin’s Poor Richard’s Almanack, the Testament was written by Charles Mathon de La Cour, A Lyonnais man of letters and art critic. In the text, the fictitious M. Richard remembers his own grandfather who had taught him reading, arthmetic and the principles of compound interest whilst Richard was still a lad. “‘My child,’ he had said drawing 24 livres from his pocket, ‘remember that with economy and careful calculation, nothing is impossible for a man. Invested and left untouched, at your death you will have enough to do good works for the repose of your soul and mine.'”

    At the age of seventy-one Ricard had accumulated 500 livres from this original sum. Though this was no great fortune, he had great plans for it. Dividing it into five sums of 100 livres each, he proposed leaving the forts for one hundred years, the second for two hundred years and so on. Each would thus generate sums from which a progressively ambitious program could be funded.

    1. Finally, with regard to the last sum of 100 livres, amounting nearly, by the accumulation of five hundred years, to four millions of millions of livres,* it shall be disposed of as follows…

      here’s where it starts to get really interesting

      1. mueblespasayo

        It demonstrates a different mentality than that of your average mega-millions lottery ticket holder, although such a lottery winner might be persuaded to set aside a small sum in just this fashion.

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