Comment on Economy Looks Like It's Picking Up Which Could Mean a Slowdown in Tech InvestingparentComments−runamok11yIt was recently reported that since 2007, the richest thousand people in the UK have doubled their net worth.Based on the rule of 72 (https://en.wikipedia.org/wiki/Rule_of_72) that sounds about right for that time frame. 72 divided by 8 years is 9% per year.Keep in mind that wealth is probably mostly on paper and could disappear just as easily.
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Based on the rule of 72 (https://en.wikipedia.org/wiki/Rule_of_72) that sounds about right for that time frame. 72 divided by 8 years is 9% per year.
Keep in mind that wealth is probably mostly on paper and could disappear just as easily.