No, the problem is he speaks like he doesn't understand discounting at all. He treats a recurring revenue (or energy) as fundamentally different from a one tim

No, the problem is he speaks like he doesn't understand discounting at all. He treats a recurring revenue (or energy) as fundamentally different from a one time gain, as opposed to something you funge via discounting rates. You are one level ahead: I'm more than happy to debate what discounting rates you should be using!