Discount Quotes - page 2
In a general way, we can represent the present value of a future good as a function of the time separating the present from this future. In the classical conception, an exponential future discount is stipulated, which implies that the curves corresponding to two distinct future goods, one small and immediate, the other large and more remote, never intersect. According to more recent research, however, it seems that this discount typically takes a hyperbolic form.
Jon Elster
This leads to my next myth-the myth that government can spend money at nobody's expense. What was really involved in that last story was that somehow the local people do not pay out the money coming down from Washington somebody else does. Of course, the truth is that the money makes a round trip between Florida and Washington, and there is a discount taken off for cash as it passes through Washington. Some of you may remember that wonderful description of government by the French economist, Frederic Bastiat, who said that government is that fiction whereby everybody believes that he can live at the expense of everybody else.
Milton Friedman
I never worry about people not taking my work seriously as a result of the humor. In the end, the comic's best trick is the illusion that comedy is effortless. That people imagine what he's doing is easy is an occupational hazard. Cary Grant never won an Oscar, primarily, I suspect, because he made everything look so effortless. Why reward someone for having fun, for being charming? In "serious" fiction (as in "serious" film) you can feel the weight of the material. You expect to see the effort and the strain of all that heavy lifting, and we reward the effort as much as the success. Comedy is often just as serious, and to ignore that seriousness is misguided, of course, but most writers with comic world views have accustomed themselves to being sold at a discount. Most of us wouldn't have it any other way.
Richard Russo
Silly people, and there are many, not only in enemy countries, might discount the force of the United States. Some said they were soft, others that they would never be united. They would fool around at a distance. They would never come to grips. They would never stand bloodletting. Their democracy and system of recurrent elections would paralyse their war horizon to friend or foe. Now we should see the weakness of this numerous but remote, wealthy, and talkative people. But I had studied the American Civil War, fought out to the last desperate inch.
Winston Churchill
The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
Abdul Aziz Al Ghurair
Literature has become too psychological. We discount the physical, when in fact much of life is physical. People's personalities are partly formed by, or in response to, how they take up space; the physical mask has some relation, howsoever obscure, to the mental work happening underneath.
Karan Mahajan
The generally accepted view is that markets are always right -- that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are always wrong in the sense that they present a biased view of the future.
George Soros
Even after proper discount is made for false propaganda, the evidence is indisputable that every invading army perpetrates atrocity, so much so that war may correctly be defined as atrocity. Reference to various standard dictionaries reveals the following definition of atrocity: "A deed of violence or savagery; great cruelty or reckless wickedness; extreme cruelty; enormous wickedness."
Kirby Page