Finding the story: Time value of money
You’re read that graf in financial newspapers telling you that “a dollar today is worth more than a dollar tomorrow.” You don’t know what it means, but it sounds kind of important. If this feels familiar, then this session is for you. Discounted cash flow analysis, as it’s called, is the bedrock of the corporate finance world. It also underpins the accounting behind pension plans. In this session, we’ll model out a simple discounted cashflow analysis together and then use it to figure out the unfunded liability of a public pension plan. Come learn a concrete financial analysis skill and how to apply it to a public pension plan near you.
Cezary is a reporter on the financial investigations team at the Wall Street Journal, where he specializes in data-driven news stories focusing on finance. Prior to the Journal, Cezary worked at ProPublica, Reuters and the Washington Post. Cezary earned a B.S. in economics from the Wharton School at the University of Pennsylvania and worked briefly on Wall Street before turning to financial journalism in 2008. He tweets @Cezary.
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