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A lot of college grads these days are drug dealers. The high margins, low capital investment, and large client base at college make for an increasingly attract

A lot of college grads these days are drug dealers. The high margins, low capital investment, and large client base at college make for an increasingly attractive alternative to college loans, or filling the gap between actual expenses and grad student stipends. I just imagine the quotes from this article are cherry picked to line up with the author's thesis.

klyrs 5y ago
"These days?" One wonders where Feynman got his supply. Rando street dealer, or a friend in the organic chemistry lab?
- monocasa 5y ago
  Lolz, 'these days' as in making the argument to someone who would normally be against such actions that the economics increasingly tilt one way for rational actors. Obviously dealers on campus have been a thing as long as there have existed items to be dealt on campus. : P But it's funny you bring up Feynman. I actually have it on very, very good authority that most of the LSD in the southwest for decades came from someone at Los Alamos who would put an eyes only sign on a lab for a project name that didn't exist to get privacy. When you combine that with the YouTube video of Feynman playing the bongos and singing about orange juice, along with his well known subversion of lab security rules... I'm not saying Feynman made LSD, but I bet he knew who did.
  - pests 5y ago
    Ah yes, playing bongos mean you are on LSD.
    - monocasa 5y ago
      There's other clues than just the bongos in that video. Although they lean a bit more towards something closer to mushrooms than LSD.
herbst 5y ago
Funnily enough the margins are pretty bad, especially adding the risk. The relatively small amounts these kids deal maybe contain a 10 to 30% margin. Maybe 50% when you don't like your clients. Considering they do packaging, delivering and hold the risk that's not a lot. Then check Amazon for random locally warehoused China stuff. Margin easily is X3 or more. Kids are just uncreative
- monocasa 5y ago
  It's more that it's hard to hit higher margins without the same lack of capital investment. You can get started dealing with just a few hundred dollars.
  - herbst 5y ago
    Same with Amazon FBA or eBay reselling. Sure the markets can't be easily compared, but if you have that talent you should use it :)
- helloworld11 5y ago
  >Then check Amazon for random locally warehoused China stuff. Margin easily is X3 or more. Sorry, but curious and a bit ignorant. What sort of business venture are you referring to with this?
  - herbst 5y ago
    Kitchen plastics, tools, pet toys, ...

klyrs 5y ago

"These days?" One wonders where Feynman got his supply. Rando street dealer, or a friend in the organic chemistry lab?

monocasa 5y ago
Lolz, 'these days' as in making the argument to someone who would normally be against such actions that the economics increasingly tilt one way for rational actors. Obviously dealers on campus have been a thing as long as there have existed items to be dealt on campus. : P But it's funny you bring up Feynman. I actually have it on very, very good authority that most of the LSD in the southwest for decades came from someone at Los Alamos who would put an eyes only sign on a lab for a project name that didn't exist to get privacy. When you combine that with the YouTube video of Feynman playing the bongos and singing about orange juice, along with his well known subversion of lab security rules... I'm not saying Feynman made LSD, but I bet he knew who did.
- pests 5y ago
  Ah yes, playing bongos mean you are on LSD.
  - monocasa 5y ago
    There's other clues than just the bongos in that video. Although they lean a bit more towards something closer to mushrooms than LSD.

herbst 5y ago

Funnily enough the margins are pretty bad, especially adding the risk. The relatively small amounts these kids deal maybe contain a 10 to 30% margin. Maybe 50% when you don't like your clients. Considering they do packaging, delivering and hold the risk that's not a lot. Then check Amazon for random locally warehoused China stuff. Margin easily is X3 or more. Kids are just uncreative

monocasa 5y ago
It's more that it's hard to hit higher margins without the same lack of capital investment. You can get started dealing with just a few hundred dollars.
- herbst 5y ago
  Same with Amazon FBA or eBay reselling. Sure the markets can't be easily compared, but if you have that talent you should use it :)
helloworld11 5y ago
>Then check Amazon for random locally warehoused China stuff. Margin easily is X3 or more. Sorry, but curious and a bit ignorant. What sort of business venture are you referring to with this?
- herbst 5y ago
  Kitchen plastics, tools, pet toys, ...