You predict (or have insider information) that the price of lawnmowers will fall. The current market price of a lawnmower is $1,000. You go to Eddie’s Lawnmower Rental Company and rent a lawnmower from Eddie for $10 a day. He doesn’t care about you returning the same lawnmower; he just wants you to…
Eighth Wonder of the World indeed. Here’s a nice calculator that draws graphs, and allows for monthly contributions and rate variances.…
In case that site is unavailable, and for the year 2020, it’s an exponential curve with the 50th at $67,463 75th at $122,500 80th at $141,100 90th at $201,052 95th at $273,850 98th at $386,915 99th at $594,420 Until not-too-long ago, I used to think that “the top 1%” referred to “few hundreds of m…
I cannot help rewatch this powerful scene from “Margin Call”. A masterclass in acting by the great Jeremy Irons. Every sentence, glance, and gesture projects complete and menacing presence, power, and finality, and is done to absolute perfection 👌 /misc/m/margin-call-sell-it-all.mp4…
https://www.youtube.com/watch?v=PHe0bXAIuk0 See also: “Where profits come from”…