Edward Chancellor on the Real Story of Interest
Masters in Business
00:00
Is Time Important in Finance?
The cover of the book has an hourglass showing time slowly seeping away. Time preference, people's tendency to prefer the present to the future, appears to be a universal phenomenon. Some people are more impatient than others. Everyone has their own internal interest or discount rate. In finance, all finance is about transacting across times,. lending, investing and so forth.
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