What rabbits tell you about power of compounding

Have you ever heard of Thomas Austin? Austin was an English settler in Australia, who In 1859, imported 24 rabbits from England, and released them in Australia. As Bill Bryson writes in Down Under: Travels in a Sunburned Country: “Thomas Austin, a landowner in Winchelsea, Victoria… released [24 rabbits] into the bush for sport. It is hardly a novel observation that rabbits breed with a certain keenness. Within a couple of years they had entirely overrun Austin’s property and were spreading into neighbouring districts."

Click here for more