"FORMER GOLDMAN BANKER: The Two Most Powerful Concepts In Math That Go Untaught"
Well, I certainly try to teach, at every opportunity, compound interest and discounted cash flows.
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February 25, 2013
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As did the late Armen Alchian in 'University Economics'. No one who read that text could ever forget the lesson of compounding.
But, you knew that.
Posted by: Patrick R. Sullivan | February 25, 2013 at 03:43 PM
I teach both in my graduate public budgeting classes. I think they're essential to proper budgeting no matter where it's done.
Posted by: JorgXMckie | February 25, 2013 at 09:37 PM