2018-03-31 image

  • The discount rate for future value varies from person to person.
  • A person with a higher discount rate estimates a higher future value that is balanced by the current $10,000.
    • So we tend to choose “what we want now” from a variety of options.
  • When the discount rate is somewhat lower, the average growth rate of people and stocks is greater
    • When it comes to that,
      • Better to invest for the long term in stocks than to get cash now.
      • Better to benefit others than to benefit yourself now (assuming a retro-return policy)
  • Selfish decisions to maximize one’s own future profits result in the behavior of “giving to others rather than taking for oneself.
  • Identification of either

This page is auto-translated from /nishio/利他ではなく長期投資 using DeepL. If you looks something interesting but the auto-translated English is not good enough to understand it, feel free to let me know at @nishio_en. I’m very happy to spread my thought to non-Japanese readers.