Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
This is your opportunity to ask questions. No question too simple or too silly.
Culture war topics are accepted, and proposals for a better intro post are appreciated.
Jump in the discussion.
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Notes -
The master of trolling is at it again. Hanania:
As of this writing, the results are:
Look at the engagement metrics on this tweet: 94,000 votes, 3.4 million views, 4,700 comments, 273 likes. This might be the most "popular" Hanania tweet of all time.
Now, I am one of the apparent sickos who voted "yes", but I can see some decent arguments for "no". I'm still surprised the results are this lopsided, and I'm also surprised that there appears to be no gender gap.
Anyone who votes no:
The value of $10M with 7 years of compounding (accessible in 7 years) is exactly $10M, as measured by Net Present Value. Actually it's probably a hair lower, as the beneficiaries likely have a different discount rate than the investment.
And why does the NPV matter at all? Other than mental masturbation? Also did you not read the hypothetical, it can't be withdrawn for 7 years, present value is irrelevant, the money doesn't exist in the present.
7 years is a a reasonable amount of time where most peoples discounting doesn't really tip their yes/no decision.
Holding 10M for 7 years is perfectly profitable under a 1000 realistic scenarios. After the 7 years you will be able to buy more things than not. Thats value, everything else is fugazi.
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