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  1. 5,043 Posts.
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    That was from me, but the quote is being taken out of its context (again).

    The original comment made by someone else was that the $42M was well spent *because it guaranteed us $4m per year in income*.

    I was merely pointing out that of itself that is not a good enough reason to commit $42M when you could in theory simply draw down $4M from a cash pile each year, and be earning interest on the rest as well (and available to fund BNPL or other activities). Yes it would *obviously* deplete the pile, but it’s also not committing all funds up front.

    Please do try to quote things in context of possible (although I know they tend to get lost in these threads).
    Last edited by mondyinvest: 06/12/21
 
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