Discounting Future Quotes & Sayings

The intuitions developed over centuries will be true no longer. No longer will greed, scarcity, the quantification and commoditization of all things, the "time preference" for immediate consumption, the discounting of the future for the sake of the present, the fundamental opposition between financial interest and the common good, or the equation of security with accumulation be axiomatic. — Charles Eisenstein

Worry is discounting possible future sorrows so that the individual may have present misery. — William George Jordan

First and foremost, my involvement within the Olympic pursuit and Games were obviously surrounded by only putting the absolute best nutrients into my body. — Apolo Ohno

We are a race of tradition-lovers in a new land, of king-reverers in a Republic, of hero-worshipers in a society of mundane get-and-spend. It is a Country and a Time where any bank clerk or common laborer can become a famous outlaw, where an outlaw can in a very short time be sainted in song and story into a Robin Hood, where a Frontier Model Excalibur can be drawn from the block at any gunshop for twenty dollars. — Oakley Hall

The dances ended, all the fairy train For pinks and daisies search'd the flow'ry plain. — Alexander Pope

Not surprisingly, the father if market efficiency, Gene Farma, has a very clever way to avoid the pitfalls of hyperbolic discounting. When he's invited to talk or engage in sone business activity, he has a . simple rule for deciding whether to accept: no matter how far in the future it's scheduled, he ask himself whether it's something he would want to do if the event were next week; if the answer is yes, he accepts, otherwise, he politely declines. This simple rule of thumb ensures that he uses the same discount rate across all decision horizons. — Andrew W. Lo

Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings. — Alex Berenson

Don't cry over spilled milk — Benjamin Franklin

I like to push people till I get the truth out of them. — Mark E. Smith

Akira's funeral wouldn't be tasteful. There would be firecrackers and alcohol and beautiful men weeping. "Incredibly tasteful." Jacob — Alisha Rai

There is an optimum rate of discounting the future - mathematically, an optimum interest rate - which depends on how long you expect to live, how likely you will get back what you saved, how long you can stretch out the value of a resource, and how much you would enjoy it at different points in your life (for example, when you're vigorous or frail). "Eat, drink, and be merry, for tomorrow we die" is a completely rational allocation if we are sure we are going to die tomorrow. What is not rational is to eat and drink as if there's no tomorrow when there really is a tomorrow. To be overly self-indulgent, to lack self-control, is to devalue our future selves too much, or equivalently, to demand too high an interest rate before we deprive our current selves for the benefit of our future selves. No plausible interest rate would make the pleasure in smoking for a twenty-year-old self outweigh the pain of cancer for her fifty-year-old self. — Steven Pinker