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The oldest investment primer was written 2600 years ago (600 BC) by the great Greek fables writer Aesop & it reads:
"1 bird in hand is worth 2 in the bush"
Aesop was clearly a brilliant person, though what he forgot to tell us were the following 2 things:
Now if we work with the below figures:
In this case we see that the 2 birds in the bush are a better deal than the bird in hand, as given the same amount of time it takes the 2 in the bush to emerge, one with the bird in hand would have accumulated an extra 25% only, forgoing a better deal of 2 full birds.
Ian M. Mugoya