EPThttp://en.wikipedia.org/wiki/Time_value_of_money
It's amazing the things you don't learn at university.
EVE Corporation - Page 1735
| Forum Index > General Games |
|
DefMatrixUltra
Canada1992 Posts
http://en.wikipedia.org/wiki/Time_value_of_money It's amazing the things you don't learn at university. | ||
|
Body_Shield
Canada3368 Posts
On December 06 2013 10:38 DefMatrixUltra wrote: http://jcbid.com/images2/4/2/7/1/6//full/CASIO-FC-200V-FINANCIAL-CALCULATOR.jpg http://en.wikipedia.org/wiki/Time_value_of_money It's amazing the things you don't learn at university. Like somehow witty yet terribly predictable comments on a random website will get you literal points from your peers, these points will mean nothing but will still fill you with a sense of fake purpose and false self worth. And cat pictures...... | ||
|
Galdo
United States338 Posts
On December 06 2013 10:38 DefMatrixUltra wrote: http://jcbid.com/images2/4/2/7/1/6//full/CASIO-FC-200V-FINANCIAL-CALCULATOR.jpg http://en.wikipedia.org/wiki/Time_value_of_money It's amazing the things you don't learn at university. I meant that as 'the hell are those buttons', not 'what is economics'. Because seriously I don't even know what those buttons are abbreviations for. | ||
|
0m3ga
Serbia322 Posts
| ||
|
abominare
United States1216 Posts
On December 06 2013 10:48 Galdo wrote: I meant that as 'the hell are those buttons', not 'what is economics'. Because seriously I don't even know what those buttons are abbreviations for. Present value, future value, periods(sometimes its just called n), interest rate, payments. Youll find them mostly on financial calcs its been a long time since ive touched a graphing calc but im sure theres a program for it and of course on exce. Im sure the link touches on it though. Its certainly a concept that people in eve especially on the manufacturing side dont quite grasp so when you see the prices of bpos especially t2 ones you often end up with silly numbers likea decade to break even. | ||
|
Jones Hawkwood
Belgium54 Posts
On December 06 2013 16:26 abominare wrote: Present value, future value, periods(sometimes its just called n), interest rate, payments. Youll find them mostly on financial calcs its been a long time since ive touched a graphing calc but im sure theres a program for it and of course on exce. Im sure the link touches on it though. Its certainly a concept that people in eve especially on the manufacturing side dont quite grasp so when you see the prices of bpos especially t2 ones you often end up with silly numbers likea decade to break even. T2 blueprint are collector's items. Nothing more. It's not silly per se since there are a limited number circulating. The ever growing increase in value is because of wallets growing exponentially deeper. I'm very happy to agree with you in terms of other BPOs. | ||
|
DefMatrixUltra
Canada1992 Posts
On December 06 2013 10:48 Galdo wrote: I meant that as 'the hell are those buttons', not 'what is economics'. Because seriously I don't even know what those buttons are abbreviations for. It's not economics - it's finance. Those terms are all extremely common abbreviations in finance. That wikipedia page is a concise summary of all of finance. The image of the calculator with the buttons on it combined with the link explaining and listing the financial terms is literally the best answer anyone could have given you for your question. The fact that you don't understand 'the hell are those buttons' is the clearest indicator that you've never been exposed to finance as the terms those buttons represent are the essential building blocks of the subject without which you cannot have an understanding of finance at all. If you had read my post top to bottom in the normal fashion and given the links a proper look rather than dismissing it immediately, you wouldn't have made such a silly followup post. | ||
|
Ueberlisk
Finland455 Posts
| ||
|
Galdo
United States338 Posts
On December 06 2013 17:06 DefMatrixUltra wrote: It's not economics - it's finance. Those terms are all extremely common abbreviations in finance. That wikipedia page is a concise summary of all of finance. The image of the calculator with the buttons on it combined with the link explaining and listing the financial terms is literally the best answer anyone could have given you for your question. The fact that you don't understand 'the hell are those buttons' is the clearest indicator that you've never been exposed to finance as the terms those buttons represent are the essential building blocks of the subject without which you cannot have an understanding of finance at all. If you had read my post top to bottom in the normal fashion and given the links a proper look rather than dismissing it immediately, you wouldn't have made such a silly followup post. There is a significant difference between being completely ignorant of finance, and not knowing the abbreviations of the science. The initial statement was that people do not understand buttons on a calculator that most people will have never looked at, my (intended) response was that those buttons are unclear about their function unless you have actively studied or worked in finance. My thanks to Abom for stating what they are abbreviations for. With proper education, research, or experience into a field, you can easily use shorthand and jargon unique to that field which your layman would not understand, even if they understand the basic mechanics of the field in the first place. | ||
|
DefMatrixUltra
Canada1992 Posts
The fact that we live in a society where 'pv' is considered jargon rather than common knowledge is why 2008 happened (and half the reason why the politics megathread is a useless shithole) and is a terrible mistake on our part. My original comment about 'things we don't learn' is a criticism of the educational system in that it often does not instill basic knowledge people need to make even remotely intelligent decisions on topics with very real consequences in their daily lives. I can only hope that 50 years from now, the young generation will look back on ours as ignorant and backwards in the extreme. Hopefully with their lower garments above their knees. On a more pointed note, how can a person know anything about finance and not make the connection to pv or fv when they see them together? I've never heard them called anything different (i.e. I've never heard the terms replaced with other generic explanatory terms). What is it that someone can know about finance without knowing what pv is? | ||
|
SilentchiLL
Germany1405 Posts
On December 06 2013 21:09 DefMatrixUltra wrote: See, that intelligent demeanor is better than the ignorant one. "LOL I wanted an answer to a simple question not a fucking PhD" is a voice that diminishes the person using it. The fact that we live in a society where 'pv' is considered jargon rather than common knowledge is why 2008 happened (and half the reason why the politics megathread is a useless shithole) and is a terrible mistake on our part. My original comment about 'things we don't learn' is a criticism of the educational system in that it often does not instill basic knowledge people need to make even remotely intelligent decisions on topics with very real consequences in their daily lives. I can only hope that 50 years from now, the young generation will look back on ours as ignorant and backwards in the extreme. Hopefully with their lower garments above their knees. On a more pointed note, how can a person know anything about finance and not make the connection to pv or fv when they see them together? I've never heard them called anything different (i.e. I've never heard the terms replaced with other generic explanatory terms). What is it that someone can know about finance without knowing what pv is? That's all nice and dandy, but how does that justify being unhelpful and condescending when this + Show Spoiler + On December 06 2013 16:26 abominare wrote: Present value, future value, periods(sometimes its just called n), interest rate, payments. Youll find them mostly on financial calcs its been a long time since ive touched a graphing calc but im sure theres a program for it and of course on exce. was all that was necessary? EDIT: I know that you can argue now that you technically weren't unhelpful, since you gave a wikipedia link, but instead of looking that one up, writing 2 simple sentences would have been simpler and faster for everybody involved. | ||
|
floi
203 Posts
On December 06 2013 21:09 DefMatrixUltra wrote: The fact that we live in a society where 'pv' is considered jargon rather than common knowledge is why 2008 happened (and half the reason why the politics megathread is a useless shithole) and is a terrible mistake on our part. I'm pretty sure that would file under "interesting theories"... | ||
Firebolt145
Lalalaland34483 Posts
| ||
|
Ramiel
United States1220 Posts
| ||
|
DefMatrixUltra
Canada1992 Posts
On December 06 2013 21:42 floi wrote: I'm pretty sure that would file under "interesting theories"... It's hardly an "interesting theory" to say that if you pour water out of a glass it will contain less water. Financial institutions stretch market realities as part of their role in society, but they can only reach such absurd levels of wrongness because of the widespread ignorance of the average person over the value of assets like loans and mortgages. Markets are generated and fueled by many different things, and unfortunately ignorance is one of the big ones. /edit - On December 06 2013 21:38 SilentchiLL wrote: That's all nice and dandy, but how does that justify being unhelpful and condescending Was my first response unhelpful and condescending? Go back and have a look at it. I don't see or feel the need to be polite with someone when they repay good with bad. | ||
|
SilentchiLL
Germany1405 Posts
On December 06 2013 21:45 Firebolt145 wrote: Def is the epitome of the 'teach a man to fish and he'll never grow hungry again' saying. I miss the days when I thought I could help people to stop being inherently stupid on the internet (not that I would consider this conversation something like that in the literal sense). On December 06 2013 22:27 DefMatrixUltra wrote: Was my first response unhelpful and condescending? Go back and have a look at it. Compared to abom's answer? Definitly. I don't see or feel the need to be polite with someone when they repay good with bad. Come on man, linking a 24.306 letters long wikipedia article when you can just write 2 sentences, isn't exactly the pinnacle of usefulness, or in this context "good", even you have to admit that. And his answer wasn't "bad" either, he asked a specific question, you gave a way too broad answer, so even if he said economy and not finance: On December 06 2013 10:48 Galdo wrote: I meant that as 'the hell are those buttons', not 'what is economics'. Because seriously I don't even know what those buttons are abbreviations for. His answer was still pretty darn fitting. | ||
|
jopirg
United States81 Posts
When Galdo asked a simple question he expected a simple answer, because that's what he would have given. Had Def asked that same question, he would be hoping for an in-depth reply. What you qualify as better entirely depends on perspective. Personally I'm more interested in the thought process behind the words. | ||
|
0m3ga
Serbia322 Posts
| ||
|
Cheesedawg
United States182 Posts
http://community.eveonline.com/news/news-channels/eve-online-news/exploit-notification-forcefield-access/ | ||
KwarK
United States41979 Posts
| ||
| ||
