Here is the situation.
I'm earning 700 million euros per month from internet connections in europe. Let's call it 700 million in round figures.
For the sake of argument, I promised to pay 50 million per month into a fund which is administered by some IT experts who are supposed to be thinking of ways to invest this money. They are talented men.
The first thing they said, is "It is too much"., but what am I to do with so much money. For a start I can give 50 million to the Russian ballet, which I have promised them, but back to the 50 million per month.
50 million per month for a year (this is open ended), is 600 million. On the face of it, 600 million is not much less than 700 million, what I receive every month, but the proportion that 50 million is of 700 million seems a lot less. It is 1 to 14.
Here is teh problem. there are 12 months in a year, so 700 times 12 is 8,400.
600 million is still 1/14th of 8,400 million.
I'm earning 700 million euros per month from internet connections in europe. Let's call it 700 million in round figures.
For the sake of argument, I promised to pay 50 million per month into a fund which is administered by some IT experts who are supposed to be thinking of ways to invest this money. They are talented men.
The first thing they said, is "It is too much"., but what am I to do with so much money. For a start I can give 50 million to the Russian ballet, which I have promised them, but back to the 50 million per month.
50 million per month for a year (this is open ended), is 600 million. On the face of it, 600 million is not much less than 700 million, what I receive every month, but the proportion that 50 million is of 700 million seems a lot less. It is 1 to 14.
Here is teh problem. there are 12 months in a year, so 700 times 12 is 8,400.
600 million is still 1/14th of 8,400 million.
So what practical things can we do with 50 million?
First thing is to divide it by 10, so we are only dealing with 5 million per month.