Our soul does not keep time, it merely records growth

Caine: Master, what is the best way to meet the loss of one we love?
Master: By knowing that when we truly love it is never lost. It is only after death that the depth of the loss is truly felt and our loved one becomes more a part of us than was possible in life.
Caine: Are we only able to feel this towards those whom we have known and loved for a long time?
Master: Sometimes a stranger known to us for moments can spark our souls to kinship for eternity.
Caine: How can strangers take on such much importance to our souls?
Master: Because our soul does not keep time. It merely records growth.

caine_and_master_po

Why 1000 euros today are not worth the same as in a year

One thing we were taught at Kickstart, while covering finances and accounting, was that getting 1000€ today is not the same as getting 1000€ in a year from now. This seems to be a basic thing you learn while studying economics but we, mere mortals, have difficulty in understanding. So what is the reasoning behind this principle?

1) Inflation: the price of goods and services rises and therefore what we can buy with 1000€ today is not the same as what we’ll be able to buy in a year.*

2) More importantly: even if the inflation was 0%, having 1000€ today is not the same since we can invest the money today and make.. well, more money. Otherwise we’ll have to wait a whole year before investing.

This becomes more obvious when considering more money and a larger span of time. 10.000€ will not have today’s value in 10 years.

I couldn’t find the name behind this principle of Economics but if you know tell us.

* assuming inflation is rising

JavaScript Resources

Time to revisit JavaScript?

  • http://ejohn.org/apps/learn – Do you think you know JavaScript? Well, see if you understand these code challenges. This is a interactive tutorial, that walks you through different examples which you can even run on the same site.
  • http://jsbin.com – perfect to use in conjunction with the previous link. What you don’t understand just copy+paste here and try it out! This is a JavaScript playground so to say.
  • http://tinyurl.com/yqua25 – in this video Douglas Crockford from Yahoo! talks about “The JavaScript Programming Language”.

If you’re coming from Actionscript then this link is a good read as well.