Wed, 08/22/2007 - 11:19 — Mr. Balls (not verified)
Because the definition of the word "invest" (in monetary terms) is quite simply: To expend money with the expectation of achieving profit, or material result in return.
He gives them $250. They give him an iPod. Just like: you give the bank $250 + 1 year. They give you $262.50.
Obviously he thinks an iPod is more valuable than having $250. Obviously you think 5% interest is more valuable than 1 year of not using your money.
Because the definition of
Because the definition of the word "invest" (in monetary terms) is quite simply: To expend money with the expectation of achieving profit, or material result in return.
He gives them $250. They give him an iPod. Just like: you give the bank $250 + 1 year. They give you $262.50.
Obviously he thinks an iPod is more valuable than having $250. Obviously you think 5% interest is more valuable than 1 year of not using your money.