Land Acknowledgment

My first and most lasting lesson in the power of compound interest arrived on May 24, 1966. It must have been a slow news day. Toward the end of The Huntley-Brinkley Report, David Brinkley announced that 340 years ago, Peter Minuit purchased Manhattan Island from the Indians (as Native Americans were called back then) for $24 worth of trinkets. He continued, “if the Indians had invested that amount at a 6% interest rate, they could buy Manhattan back…