In a message dated 11/15/02 4:15:41 PM, [EMAIL PROTECTED] writes:
On Fri, 15 Nov 2002, john hull wrote:
If someone is willing to make a bet with you, you
should wonder if maybe she knows something you don't.
If you really want to get paranoid about everything you do, read
the lit on the
I recently obtained my series 7 license, but during the six weeks of
studying, a great deal of my material involved economic impact of various
fiscal and monetary policy, and also of course the laws of compounding
interest.
I think I figured out the problem with society today. Business prays on
--- Jonathan Kalbfeld [EMAIL PROTECTED] wrote:
... Business prays on
countless individuals who can not distinguish the difference between cost
and price.
You mean pray as in to implore and beseech, saying I pray you buy my
product?
Or do you mean prey as in predation?
If the latter, this
Suppose I can spend $10 on a widget that I want or
invest the $10 at the best possible rate. The
invested money will grow to, let's say, $100 in some
period of time. But that $10 isn't worth $100 today,
it's only worth $10 today. The widget and the
investment have the same** value today, right?
On Fri, 15 Nov 2002, john hull wrote:
If someone is willing to make a bet with you, you
should wonder if maybe she knows something you don't.
If you really want to get paranoid about everything you do, read
the lit on the Winner's Curse. In the limit, only the most overoptimistic
of people