Based on my model, if one super high flyer reaches Tier One I-Bank VP in 5 years and subsequetly get promoted to Director in another 5 years and retires in the next 10 years, given a long-term discount rate of 4%, his NPV today is still less than USD4m.
Moral of the Story: Have to generate positive cashflow from investing activities to make up the inadequate cashflow generated from "operations". Haha.
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- CREATION DE J&F MARTELL -
COLOUR : Deep golden copper.
BOUQUET : Refined, but powerful. Rich and incredibly subtle with hints of walnuts, dried fruit, and cocoa.
PALATE : Very well-balanced, elegant, and exquisite with blackcurrant, walnut, and toasted hazelnut overtones. Full-bodied with a sublimely subtle aftertaste.
COMMENTS : A rare Cognac.
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