Lesson 7: DCF Intuition (Without the Math). A future dollar is worth less than a present dollar. Every multiple is a shortcut for that one idea.
$1,000 now, or in ten years?
Same amount, different timing. Which do you want?
Assessment
You're offered a choice: $1,000 handed to you today, or the same $1,000 promised in ten years. Assume both are equally certain to arrive. Which is worth more to you right now?
Now or in ten years? 🤔