“A society grows great when old men plant trees whose shade they know they shall never sit in.” Greek Proverb
In our final installment on the Manhattan Indians we will look at one of the two main components of Compound Interest that would have made up their theoretical success. In review, we stated that if we invested the initial sale price of $24 at a historical rate of return of 7% over the last 392 years we would have a current day sum of approximately $7.9 trillion. The two main components of this equation are ‘rate of return’ and ‘time’. In this discussion, we’re going to look at the latter of the two components – time. Finding investments that compound at the highest rate of return over the longest period of time will be primarily what we will continue to talk about over the course of this blog so we will save ‘rate of return’ for the many posts to come. But first we must understand the importance of time in the equation of Compound Interest and what it means to us as Tribal people.
Tribes are generational and will exist in perpetuity or forever. Perpetual entities such as Tribal groups have the greatest ability to benefit from the Law of Compound Interest. In the quest to create long-term wealth that will provide self-sufficiency and self-reliance, time is on our side. At the time of this writing I am 46 years old. I possibly could live and help Tribes create wealth for another 40 years. But Tribes will continue on as we are not only connected to the ones who have gone before us but also to the ones yet to come. It was the Iroquois Nation and their Great Law that made current day decisions based on how it would affect the seven generations to come.
In similar fashion to the Manhattan Indian example we guarantee success for the future of our Tribes by making decisions today that protect and grow our capital using approaches that benefit from time and forethought.
How long is seven generations?
My father's name is also Urban Bear Don't Walk, his father, my grandfather was Ray Bear Don't Walk, his father, my great-grandfather was the original Bear Don't Walk and his father, my great-great grandfather was name Bull All The Time. My bother, sister and I make up the 5th generation and my brother and sister's daughters Mitchell Rose and Mimi make up the 6th. When they have children they will be the 7th generation of Apsaalooke (Crow) Indians that Bull All The Time would have been planting shade trees for.
As Native people, time is on our side.
In our final installment on the Manhattan Indians we will look at one of the two main components of Compound Interest that would have made up their theoretical success. In review, we stated that if we invested the initial sale price of $24 at a historical rate of return of 7% over the last 392 years we would have a current day sum of approximately $7.9 trillion. The two main components of this equation are ‘rate of return’ and ‘time’. In this discussion, we’re going to look at the latter of the two components – time. Finding investments that compound at the highest rate of return over the longest period of time will be primarily what we will continue to talk about over the course of this blog so we will save ‘rate of return’ for the many posts to come. But first we must understand the importance of time in the equation of Compound Interest and what it means to us as Tribal people.
Tribes are generational and will exist in perpetuity or forever. Perpetual entities such as Tribal groups have the greatest ability to benefit from the Law of Compound Interest. In the quest to create long-term wealth that will provide self-sufficiency and self-reliance, time is on our side. At the time of this writing I am 46 years old. I possibly could live and help Tribes create wealth for another 40 years. But Tribes will continue on as we are not only connected to the ones who have gone before us but also to the ones yet to come. It was the Iroquois Nation and their Great Law that made current day decisions based on how it would affect the seven generations to come.
In similar fashion to the Manhattan Indian example we guarantee success for the future of our Tribes by making decisions today that protect and grow our capital using approaches that benefit from time and forethought.
How long is seven generations?
My father's name is also Urban Bear Don't Walk, his father, my grandfather was Ray Bear Don't Walk, his father, my great-grandfather was the original Bear Don't Walk and his father, my great-great grandfather was name Bull All The Time. My bother, sister and I make up the 5th generation and my brother and sister's daughters Mitchell Rose and Mimi make up the 6th. When they have children they will be the 7th generation of Apsaalooke (Crow) Indians that Bull All The Time would have been planting shade trees for.
As Native people, time is on our side.
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