September 20, 2015
DraftKings, FanDuel make millions, and give them away, as fantasy revs up
"The money that comes in, we take about a 10-percent cut and we pay out everything else in prizes, so it's really self-funding."
1. Start with one million dollars in net worth.
2. Gamble all of it 100 times on bets that pay 90 cents on the dollar.
3. Try not to spend the remaining $26.56 all in one place.
$1,000,000 x 0.9100 = $26.56
Behold the power of negative compound interest. Isn't gambling fun?
Inflation Adjusted House Prices 2.8% Below 2022 Peak; Price-to-rent index
is 10.2% below 2022 peak
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Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted
House Prices 2.8% Below 2022 Peak
Excerpt:
It has been 19 years since the housin...
2 hours ago
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