In a message dated 3/24/98 3:47:02 PM, phoenix@ugcs.caltech.edu wrote:
>A payoff of a large fraction of the universe some centuries down the road
>doesn't have much appeal to people who'll be dead within the next one.
You can easily benefit from payoffs you'll never see. When you're old, you
sell your interest to somebody younger. They sell it to somebody else, on
and on until the payoff happens. Appropriate rates of return should apply
to everybody in the chain.
Received on Wed Mar 25 03:40:01 1998
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