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> As in you own the dollar longer thus it has more value? No. As in, having $10 million cash in hand today has more value than having a guarantee that you will
by riskneutral 4y ago
> As in you own the dollar longer thus it has more value?
No. As in, having $10 million cash in hand today has more value than having a guarantee that you will be paid $10 million 10 years from now. Think about it, would you rather have $10 million now, or in 10 years? Which is more valuable to you?
- bombcar 4y agoExactly this. I’ll gladly pay you Tuesday for a hamburger today.