What actually compounds?

Money is the obvious answer. But beyond that, it’s less clear.

• Information doesn’t always compound. Most of it gets forgotten.
• Effort doesn’t always compound. A lot of it gets wasted.
• Even experience doesn’t necessarily compound — you can repeat the same year ten times.

So what does?

I think it has something to do with systems & structure.

Certain things stack because they’re built on something that persists. Others don’t because they’re just isolated actions.

Still not fully clear.

But it feels like an important distinction.

Structure is what allows accumulation to persist.