Be sure not to confuse human capital with simply income
In rewording, be sure not to confuse human capital with simply income. Also, the focus should be on human capital as an asset, not as time to accumulate savings. The concept of "time to accumulate savings" exists independently of the concept of human capital. Human capital is a more specific concept. Time gives one the ability to transform human capital into financial assets.
- (Above is by Kevin M 18:59, 19 April 2012)
- Yes, I did confuse the two. Your corrections are clear. Make sure that the footnote:
- 2. Discounting translates the future income amount to an equivalent amount of income today.
- is interpreted correctly. I used translates in an engineering sense, i.e. to transform from one value to another through a formula.--LadyGeek 18:39, 19 April 2012 (CDT)
The original wording was from memory. Bernstein does a much better job of presenting it, so I rewrote to be consistent with his presentation. If other references present it another way, we can expand. --Kevin M 20:27, 19 April 2012 (CDT)
I had some difficulty when reading this.
Suggest to keep the first sentence and 2 last paragraphs as lead-in, I believe this captures the essence of human capital.
I would then put the remainder under a section title; maybe "What does this mean and what does it have to do with investing?" Possibly creating a seperate section with the example as well. BeBH65 18:06, 28 June 2016 (EDT)
- I agree to relocate the last 2 paragraphs as lead-in. Instead of "What does this mean and what does it have to do with investing?", perhaps "Human capital defined" would be more appropriate. Then, a section with the example. --LadyGeek 21:12, 28 June 2016 (EDT)
proposed changes implemented kept the __NO_TOC__ BeBH65 08:29, 29 June 2016 (EDT)