|
|
|
|
|
|
by globular-toast
1871 days ago
|
|
|
Imagine I have a bit of paper and I tell you in 3 years time, someone will want to buy this piece of paper for 10 million. I will sell it to you for 1 million now. If you believe me, it would be stupid to decline this offer. Here it's explained in comedy form: https://www.youtube.com/watch?v=ZiJa9diJOMk You can also watch the film The Big Short for another view into finance. The most important thing to grasp is, don't think this can't be true because it's so stupid. It's exactly as stupid as it sounds. For a more serious look, listen to John Kay: https://www.youtube.com/watch?v=SX3E-CbY1uE Or read the corresponding book Other People's Money. |
|
|