Something, so you want more?

But interest on a mortgage is tax deductible.

To compound the amount of money we invest we multiply the amount we invest times 1 plus the yield.

We give a 10 discount for cash.

Will you give any discount if I pay in cash?

I thought we had discussed a cash discount.

It doesn't matter what it is.

Subtract from memory

And we're a non profit foundation, you can give us the property and take a hell of a tax deduction.

They make you pay more in withholding just to help their cash flow out.

Pay now,or nothing.

And that's cash on delivery, not check on delivery.

So 2009 money, that's worth 1.

The tax agent allowed the deduction.

It's a tax writeoff, I needed that.

And then some of its payment is today.

That's an understatement.

Twentyone pounds minus cash on hand....

This is the difference between the two.

Now there's an understatement.

And then of course at a party, when I start to explain this, it's like, ah ha.

Then to discount money in the future to the present, we divide it by 1 plus the discount rate so this is a 5 discount rate.

Discount rate

Now what can we do ?

The probability of reaching S prime given that we started state S and apply action A.

You have a personal tax exemption of 500,000 yen.

You're assuming interest only loans.

Zero and the deductible Superhigh, right? No.

Here in Los Angeles, in the Bay Area in San Francisco, it became tax deductible in the United States.

This store is operated on a cash basis.

We don't deal in cash.

60 off.

I could have borrowed money in some other way, but I won't worry about that right now.

I guess you could say non cash assets, right?

Anyway.

Golden Mean

Golden sections

DivineProportion

Investments are supposed to make money.

But the big learning from this is how dependent the present value of future payments are on your discount rate assumption.

These things feel very differently.

He made 10 million in cash withdrawals last year.

Pull the fucking trigger, do it!

Pull! Pull!

These are 30 percent off.