Question
. Explain the difference between maximizing profit and adding value using an example and explain why adding value is so critical to an organization. 2.
. Explain the difference between maximizing profit and adding value using an example and explain why adding value is so critical to an organization.
2. Does compound interest have more of an impact on short term investments or long term investments?Do you think it's possible to have uninterrupted compound growth?
3. In Jay-Z's "The Story of O.J.," he says that young people should invest in their future as he has:
"Financial freedom my only hope/F**k living rich and dying broke/I bought some artwork for one million/Two years later, that s**t worth two million/Few years later, that s**t worth eight million."
But only after he spent millions on his car collection and since cars are a depreciating asset and the value drops ~20% the moment it's drive off the lot of off a flatbed:
I bought every V12 engine/ Wish I could take it back to the beginnin'/ I coulda bought a place in DUMBO before it was DUMBO/ For like 2 million/ That same building today worth 25 million/ Guess how I'm feelin'? Dumbo.
Explain how the time value of money concept goes beyond cash and what it means for portfolio investing.
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