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Chuck Jaffe: Here’s Proof That Kids Prefer Cash Over Candy, Even On Halloween
When my oldest was five I ran an experiment to figure out the rate of interest at which he would defer consumption today for more money in the future. I.e., you can have $5 today or $10 in a year - which do you want; and then increase the return until he decides that receiving money in a year is the better choice. The interest rate was over 1,000%
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Nick de Peyster
http://undervaluedstocks.info