Questions 1: How do you find the benefit-cost analysis and the Valuation Principle can help yourself...

Questions 1: How do you find the benefit-cost analysis and the Valuation Principle can help yourself in your life outside of corporate?

Questions 2: Many lottery winner didn't do well within a few years of winning the lottery. Do you have any advice for these now luckless individuals? Why do so many lottery winners end up deeply in debt?

Expert Solution

1. Cost benefit analysis is one of the most important aspect of decision making in which we are comparing the incremental cost with the incremental benefit in order to arrive at whether to undertake a project or investment or not.

Cost benefit analysis will be helping an individual in order to make better decisions in respect to investment and it will also help to gain competitive edge and financial independence.

Valuation principle can help outside the corporate life also because it will be helpful in order to make sound decisions and buy value for price product because there will always be an inclination for buying out value for money product which will be helping us in order to maximize our benefit in the long run and remain financially competitive.

2. Many lottery winners did not do well in few years of winning the lottery because they did not invest their Corpus in a better manner or they did not select for the installment method of receiving the lottery as they were not properly managing with their money and they were always taking higher risk if even if they had won the lottery, so they wanted to maximize their return more through greed and they were irrationally expanded all their money so they did not leave much to save and invest so I will advise them to invest in diverse portfolios in order to maximize the return in the longer period of time and I will be advocating them for investment into passive funds and they can even keep taking calculated risk.

jeff jeffy answered 2 years ago

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