4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP505: The Price of Time w/ Edward Chancellor

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Concept of Income Smoothing

Time value is linked to humans' natural impatience that we prefer to have things sooner rather than later. An efficient economy is sort of driven by a charge on time. When people are young, they're more impatient and keen to borrow,. Therefore their internal interest rate is higher than a person who's old or not expecting income to grow in the future. Omaha Steaks has put together special curated gift packages to help take the guesswork out of gifting. Visit omahostakes.com for 50% off site-wide plus use promo code WSB at checkout to get an additional $30 off your order.

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