Compounding is the process by which an asset’s earnings are reinvested to produce more earnings.
It applies to money, but can be adapted to fit knowledge and reputation as well.
Takeaway message?
The longer we apply the previous principles, the more (exponential) returns they yield.
Importantly, most of the rewards come near the end, which is why it's so important to stay in the game for as long as possible.
Which brings us to the importance of commitment.