Blind Equity Modeling(Excerpt from Scuba Post)

[bluefeet]

BUMP!!

I'm trying to get my old/little brain wrapped around this discounting. I've seen posts recently proposing NOT using it period...use only when you're in a blind next, to what %%?, etc., etc.

Looking at Eastbay's forum, it does appear to have been designed for those occasions when YOU are in a blind next (adjusted based on the likelihood of losing the blind) - yet with it "on", it makes adjustments regardless.

Thoughts?