Pauly,
Thankfully, market forces in this cottage industry are quite different from banking, and time-value-of-money calculations are mostly irrelevant. Perhaps the hedge fund crowd would do better to maximize utility & profit margins all down the supply chain by sticking to oenophilia, art auctions, and the outsourcing of decisions regarding statement audio systems to Sound by Singer.
Thankfully, market forces in this cottage industry are quite different from banking, and time-value-of-money calculations are mostly irrelevant. Perhaps the hedge fund crowd would do better to maximize utility & profit margins all down the supply chain by sticking to oenophilia, art auctions, and the outsourcing of decisions regarding statement audio systems to Sound by Singer.