Hedge Fund Brainteasers: Do You Have More, Less or The Same? | JobSearchTV.com


Jeff Altman, The Big Game Hunter offers an answer to this cute little brainteaser.

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I'm Jeff Altman, The Big Game Hunter. And let's do one more brain teaser before I go off into different tangents, okay, so, excuse me I'm going to read it all a screen.
You invest $100 in a company. You earn 10% in your first year, but lose 10% in the second year. At the end of the second year, you have more or less or the same as you started with?
So, here's the idea again. 10% If you have $100 you make 10%. The first year you lose 10%. The second year, do you have more or less or the same as when you started?
You have less. Here's why.
After one year you made 10% or $10, That's $110. Then, you lose 10% or $11. Remember, it's $110 dollars by 10%. That's $11.
So you are now at $99. In other words, you have less than what you started off with. I know the instinct is to think in terms of 10% up. 10% down. It's the same money, but you have less.

ABOUT JEFF ALTMAN, THE BIG GAME HUNTER

Jeff Altman, The Big Game Hunter
Jeff Altman, The Big Game Hunter

Jeff Altman, The Big Game Hunter is a career and leadership coach who worked as a recruiter for more than 40 years. He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with more than 1400 episodes and his newest show, “No BS Coaching Advice.” He is a member of The Forbes Coaches Council. “No BS JobSearch Advice Radio” was recently named a Top 10 podcast for job search. JobSearchTV.com was also recently named a Top 10 YouTube channel for job search.

Are you interested in 1:1 coaching, interview coaching, advice about networking more effectively, how to negotiate your offer or leadership coaching? Schedule a free Discovery call.

If you have questions for me, call me through the Magnifi app for iOS (video) or PrestoExperts.com (phone)

JobSearchCoachingHQ.com offers great advice for job hunters—videos, my books and guides to job hunting, podcasts, articles, PLUS a community for you to ask questions of PLUS the ability to ask me questions where I function as your ally with no conflict of interest answering your questions.  

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3 Responses
  1. Jeff Altman

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  2. Jeff Altman

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  3. Jeff Altman

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