A Bird in the Hand

Today’s applied metaphor: A bird in the hand is worth 1/(1+i(n-1)) in the bush.

(Where i is the annual rate of interest or cost of capital and n is the number of years in the future that you can capture one or more bush-birds.)

Also, in this story, birds represent dollars.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s