Tuesday, March 23, 2004

It recently struck me that one of the finest examples of the time value of money is expressed by Popeye's friend Wimpy: "I will gladly pay you Tuesday for a hamburger today."
Of course he'll be glad to pay because the cost of a hamburger in today's money is worth more than the money, ostensibly the same amount, he'll be paying back on Tuesday.
My advice: Buy him a hamburger but charge him interest.

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