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February 25, 2013

"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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Patrick R. Sullivan

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.


I teach both in my graduate public budgeting classes. I think they're essential to proper budgeting no matter where it's done.

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