Oct

12

Mr. Terminal Value

October 12, 2021 |

mr. terminal value: i always used terminal value rather than discounted value on problems including my final exams for big things like phd. it's so much better than discounted value. but the professors never understood it. and I got graded down. so i had go to the dean for rectification of terminal value. the dean was George Stigler who was in the old days too good an economist to be canceled by the "committee". fortunately he was still able and sharp and understood it. he was able to hit 3 holes in 1 at 60 in his club in canada.

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