Valuing the Future a Conversation About Investment : Sociables Publishing : 9780957039605 : 0957039603 : 31 Jan 2012 : The book is a dialogue between a money manager and a young man who asks whether or not he should invest. Their conversation explores - How 'for money' and 'not-for-money' investment differ; - How accounting and economic assets compare with social and natural assets; - How time is central to all of investment, building capabilities in the present which can deliver resources in the future; - How banks collectively create and destroy money; - How the yield curve shows the market interest rates for financial assets of different durations; - How competitive advantage is important in determining the returns achieved on real assets; - How 'fundamental value' differs from price, or what someone is prepared to pay; - How 'fundamental analysis' and 'technical analysis' of price data provide insights into risk; - How mean-variance analysis of price data is the conventional approa