the right side, and then you pinch an inch in your skin, and then push it up against and it'll auto-deploy. And so, compounding pharmacy. And the reason why this is uh so controversial right now is
independence of these agencies and uh this is a bit of a um you know uh compounding effect whether Zilinski can roll over this and keep doing things theusual. It's a question or whether as I said political system, civil society
It's a formula for failure, just that by itself. Compounding the problem and causing the paralysis is that we have a deliberate philosophy that humans shouldn't be allowed to make public choices.Believe it or not, that is our philosophy.
What are we trying to save for? Compounding interest. It's not magic it's math.
What that does over time, it's just like investing. The compounding effect of investing in your knowledge over time is you free yourself up from more basic, simpler, more repetitive uses for your own brain and frees up your time and bandwidth to solve more interesting, more exciting, more unusual, more complex problems over time.
to save for retirement because the longer your money is-- time in the market is far more important than timing the market. And compounding growth is, you know, a wonder of the universe. Right? So when you tell someone in their 20s to delay gratification, that sounds pretty awful.
In the '70s, the US had double digit inflation. The compounding that people talk about-- eighth wonder the world is compounding , right?
That hurts a whole lot. It's roughly like one-and-a-half to two times more than most other rich countries pay for health care. And compounding the problem is that a lot of those resources are wasted because of things that health economists study like "adverse selection" or "moral hazard." Or the particular issue that I'm going to focus on today is with patients who are malingering.
federal oversight here cuz this is not acceptable." Completely agree with that. And they introduced a new set of regulations on top of compounding pharmacies, basically saying what you can and cannot make. And what they eventually said is, "Well, the only you can only make three things. You can make things that are in the USP uh United States Pharmacopoeia, okay?
of these very promising compounds that were stuck in drug development, you know, limbo. And you say compounding pharmacies. You said that a few times. What is a compounding pharmacy? Just just so I'm clear on the definition. Back in the 1800s or you know early 1900s, if you ever needed a medication, you'd go see the pharmacist who had a
You might think, oh, Simran, that's not a lot. But imagine that compounding every single year. That really adds up.
So again, we have evidence on this. That is the compounding effects of learning, the compounding effects of reading, the compounding effects of exercising are powerful.
these factors significantly contribute to our society's health inequities. It shows the compounding effect of political determinants over personal responsibility, because no matter how much many vulnerable and marginalized groups try to act responsibly, there are always structural institutional, interpersonal-- yes, even interpersonal-- obstacles hindering them.
Osthorne, like any school, is not defined by the teachers who teach there, and it's not defined by the administrators who are just trying to fight the rising tide of entropy. She's compounding her trauma throughout this whole book.
And then, as fund two starts getting invested, I'll go to fund three. So I'm compounding the profits, and I've got economies of scale with the management. Now, as I said, it'd be nice if investors could beat the market with these funds.
That doesn't mean they're staying the same. But the compounding of returns with businesses, if you can do it exponential numbers or at larger numbers,
That doesn't mean they're staying the same. So the miracle of compounding is just sticking with it.
And what we end up with is that 25% of American mothers take two weeks or less of maternity leave. And then compounding the problem, let's look at that 12-week-old baby. So I mentioned this idea of the fourth trimester, which was how I learned from this book called "The Happiest Baby on the Block," written by a wonderful pediatrician named
It is only compounding .
You're compounding that dehydration when you drink alcohol and coffee on the plane.
So our compounding is diminished modestly because of that.
Your lifestyle could be compounding that.
What's the compounding feature?
and keep compounding at the same sort of a rate year after year after year.
to continue to compounding in value over time.
And in light of compounding over long periods of time, it is a fortune.
Because if you keep compounding , that's what ends up happening.
So I think compounding is a very powerful notion, very much in sync with the whole Dhandho framework.
And then compounding everything, the land had no topsoil.
Albert Einstein said that compounding is the greatest force in the world.
It's the compounding effect of losing.
And a lot of it is just compounding small improvements over time in your data, in your architecture, in your post-training, and how they integrate with each other.
happens in 2013. At the same time, I believe it was around 2012, 2013, there was a terrible event that happened in New England where there was a compounding pharmacy that was not doing the right thing, and they ended up having a bunch of contaminated specimens that caused a fungal meningitis. Bunch of patients got really sick. It was a huge scandal. And all of a sudden the
And that's because the nature of compounding .
So if power is always compounding and concentrating into these monopolistic, winner take all games, then our imperative in civic life is to change the game.
And when I get around to compounding , you know, I always use the example-- you all have seen it
And that's the power of compounding .
And so the really great thing about compounding , I tell people is, if you have a stock that's gone up 10 times,
And it has this kind of compounding effect so that your reputation with that group of people can get actually quite astronomical.
3D printing has had a 25% compounding annual growth rate over the last 25 years or so, and it's
But it's just kept on compounding over time.
But there we've completely ignored the compounding .
So that's the power of compounding .
is they absolutely understand the power of compounding .
But most but the catastrophe we're facing is a compounding thing, where frequency
That doesn't mean they're staying the same. And when I say that it's arithmetically the compounding of interest returns is what everyone understands.
One is we need to try and undo the compounding inequality that this litany of exams that we've had for the last 100
like so you're starting off pretty much fresh without it compounding on top of each other day over day?
Because I think that is also a very big compounding engine for you.
And the big idea in that is the issue of compounding .