{"id":2848,"date":"2021-09-21T16:07:44","date_gmt":"2021-09-21T19:07:44","guid":{"rendered":"https:\/\/blog.n5now.com\/pistacchio-pregunta-2\/"},"modified":"2022-03-02T15:30:19","modified_gmt":"2022-03-02T18:30:19","slug":"pistacchio-pregunta-dos","status":"publish","type":"post","link":"https:\/\/blog.n5now.com\/en\/pistacchio-pregunta-dos\/","title":{"rendered":"Pistacchio Asks … 2!"},"content":{"rendered":"

Question:<\/h1>\n

Pistacchio finds 100 million dollars in his pants pocket and decides to invest it. He buys shares for 99 million dollars and keeps 1 million dollars in cash (that is, at the beginning of the day he has 99% in shares and 1% in cash).<\/p>\n

However, the stock market goes down so at the end of the day the percentage of shares in your portfolio is 98%.<\/p>\n

How much are Pistacchio’s total investments (shares + cash) worth at the end of the day?<\/p>\n

 <\/p>\n

Options:<\/h2>\n
    \n
  1. 98 million dollars.<\/li>\n
  2. 99 million dollars.<\/li>\n
  3. 96.6 million dollars.<\/li>\n
  4. None of the above, I write my answer in the comments .<\/li>\n
  5. No idea, but how honest is the person who irons Pistacchio’s pants !?<\/li>\n<\/ol>\n

    Answer:<\/h2>\n

    (4) The answer is extremely simple if one, instead of thinking about stocks, thinks about cash (which did not change). If the stocks are now 98% of the portfolio, it means that the cash is 2%. Given that a million dollars is 2% of the total value of the investments, by simple rule of three the total value of the investments should be 50 MM dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Question: Pistacchio finds 100 million dollars in his pants pocket and decides to invest it. He buys shares for 99 million dollars and keeps 1 million dollars in cash (that is, at the beginning of the day he has 99% in shares and 1% in cash). However, the stock market goes down so at the […]<\/p>\n","protected":false},"author":1,"featured_media":5389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[216],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/posts\/2848"}],"collection":[{"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/comments?post=2848"}],"version-history":[{"count":1,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/posts\/2848\/revisions"}],"predecessor-version":[{"id":2851,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/posts\/2848\/revisions\/2851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/media\/5389"}],"wp:attachment":[{"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/media?parent=2848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/categories?post=2848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.n5now.com\/en\/wp-json\/wp\/v2\/tags?post=2848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}