Tano
Legend
- Joined
- Jun 11, 2017
- Messages
- 11,298
I get it but still disagree somewhat.The time value of money principle still applies.
Just like if one man loans another $100k to be paid in 3 years at 10% interest. When he's paid in 3 years, he gets $133,100.
You can say they traded $100k in present money for $130k in future money. Like on our Atlanta trade, we traded lower present value for greater future value.
Working the principle backwards, if Leveston is worth a 7th in 2 years future money, he's worth a lot less in present value.