3 ms·
I’d reiterate that he paid $150k for the right to have an empty seat next to him, give it away, etc. This guy is my age. I knew a number of guys like this in
by aj7 6y ago
I’d reiterate that he paid $150k for the right to have an empty seat next to him, give it away, etc.
This guy is my age. I knew a number of guys like this in college; operators, business majors at MIT in high stakes poker games in the cafeteria, people who use their brains for an edge in zero sum games, rather than other things. I would not have been this guys friend; I have a strong distaste for this sort of person.
But what he did was not wrong. He made a calculation that any wealthy business guy could make, but few did, and got a few million return on an up-front $400k cash investment. And he didn’t know how, or couldn’t afford to hire the right representation when his counterparty decided to welsh on the deal.
- c0nsumer 6y ago"...welsh on the deal."? I imagine you aren't aware, but in the future you may wish to pick a different word. The root of this phrase is the ethnic stereotype that the Welsh -- people of Wales -- are not to be trusted.
- iamflimflam1 6y agoBit of background here: https://www.bbc.co.uk/news/uk-politics-33238925 https://www.bbc.co.uk/news/uk-politics-33238925 Origins of the term is disputed.
- badconvincer 6y agoIndian give? Jewed? Gyped?
- aj7 6y agoI absolutely apologize. The slur I used is pretty ingrained. I should have said, “escape from the deal.” Again, I apologize.
- CapitalistCartr 6y agoYour comment is an excellent analysis of the article. I suggest in the future you choose a different idiom for reneging than "To Welsh".