'A euro is more worth to me today than the same euro tomorrow'
My first lecture was Micro Economics 1 taught by prof. Swank. Two valuable lessons were taught to me that day.
Lesson one: “Look to your neighbour. Odds are that within one year he or she won’t be sitting in the same lecture hall anymore”. In other words: This world does not wait, so if you want to succeed, you will have to work hard… Rotterdam style.
Lesson two: “Economists are the managers of the future and - when graduated - earn a lot of money. You can optimise your utility now by transferring that money from the future to the present by borrowing as much money as you can from the government (IB Groep)”. Hence, in my very first lecture, I came to learn about the time value of money.
For a founder of a tech startup (while at university) you pretty much breathe and live by that economic principle: a euro is more worth to me today than the same euro tomorrow. That was, by the way, as a freshman in economics - even without a utility equation - not hard to imagine
