Lawrence Leung

R.I.P. America 1776-2016

My wife mentioned a nice private school over dinner this week She said the campus was beautiful I asked what's the tuition She said we should look at it as an investment in him not a cost I made a note She said don't make a note I said I always make notes She said this isn't a deal I said everything is a deal She closed her eyes She said we'd discuss it Saturday I agreed Saturday 7:02am She came downstairs in her Saturday robe Coffee in hand I had my cargo shorts on The dining room had been cleared The projector was on The analyst was at the head of the table Quarter zip on, three iced coffees, a legal pad, and two laptops He had been there since 6:44am I texted him at 11:14pm Friday The text said dining room 6:45am bring the model He sent a thumbs up My wife stopped in the doorway She said what is this I said you said you wanted to discuss it She said this is not a discussion I did not respond She sat down anyway The analyst stood He said good morning ma'am She did not respond He sat back down A printed deck in front of each seat A fourth copy in case Slide 1 Tuition Schedule $38,500 per year Thirteen years $500,500 nominal Before escalators The school has raised tuition 4.2% per year for a decade With escalators $648,000 My wife said okay I said I'm not done Slide 2 Opportunity Cost Even before escalators $38,500 invested annually 10% nominal return S&P long-run average since 1928 By his eighteenth birthday $944,000 My wife said we can afford it I said I know that's not the slide Slide 3 Terminal Value at Age 65 $83 million She was quiet The analyst slid the sensitivity tables across the table 8% return $31 million 10% return $83 million 12% return $222 million She did not look She said this isn't about money I said it's always about money She said no it isn't I said then what is it about She did not answer She said you can't put a dollar value on his teachers his classmates his environment I said I can the analyst already did slide 6 He flipped to slide 6 She did not look She said the school is the best in the city I said best is a feeling She said it produces the best students I said the students were already the best before they got there She said our son deserves it I said our son deserves $83 million My son walked in He is five Dinosaur pajamas He looked at the projector He looked at the open deck on the table He looked at slide 3 He said are we modeling pre-tax or after-tax The analyst opened a new tab My wife looked at the ceiling He said what's the discount rate The analyst set down his pen She closed her eyes He said is this the same return assumption from the 529 conversation The analyst stopped typing He looked at me I did not say anything She stood up Sat back down He said dad can I help I said yes He pulled up a chair The analyst handed him a printout He started reading My wife watched him read She watched him for a long time She said his name He looked up She said do you like school He said the work is too easy and the kids don't ask questions She did not respond She looked at the ceiling She walked out of the room The analyst started packing up He said should I follow up Monday sir I said no follow up needed He'll be fine Sent from my iPhone

@CDisillusion The issue with this explanation is that there are no other hard shadows anywhere else in this shot. It’s incredibly flat lit. Sure the distance between the collar and the skin will create a harder edge but not to this degree. Also, the edge does mot move as a shadow on the video.

Ok, Imma explain the admiral neck shadow thing. (Spoilers: it's not a rubber mask, ya weirdos)... 🧵

@theandering @ramit It shouldn’t cost 1% to tell someone to put their funds in a low cost index fund and not to touch it. That’s the ideal strategy for “everyday people” who don’t have or need a more complex strategy.

@LLtweets @ramit It’s crazy how people that have never sat down and helped everyday people make financial decisions, don’t see how bad those decisions are usually and that most people don’t actually compound shit on their own. They continually make aweful choices.

Comments on this post are very funny I enjoyed reading the comment first, then looking up at the name of the commenter and noticing if they had any designations after their name that might somehow influence their opinion

@jasonc_nc Is it though? They're asset brokers. This is like saying it's ironic that an orthopedic surgeon doesn't understand public health

It’s deeply funny that Realtors are consistently the people who least understand housing

@JeffMarek @thesheethockey Can he tend goal?

On The Sheet today we talked about a max chaos move the Oilers could pull off if they can get their first round pick back from San Jose - offer sheet Pavel Dorofeyev. $11.9 x 2 would cost two firsts, a second and a third. @thesheethockey

@thekennaj @gneiffer07 Sir, that is a Four Loko

@gneiffer07 We have these in NYC, you can have a frozen Mountain Dew Baja Blast with tequila in it!

Welp, officially never moving out of Colorado

@PeteBlackburn Trevor Zegras: Instagram hockey Mitch Marner: AI hockey

Every part of this is so absurd it feels like AI slop

@MikeJohnstonHC This is the incorrect conclusion to draw from this graph.

Based on Central Scouting if you want to get drafted to the NHL the path is clear.

Chris Drury "retooling" the Rangers every year

@AdamZHerman Would you say this is true for the series, or just that one game?

Not going to see a more clear example of "sometimes the better team loses" than that. Can't even do a "The Lightning don't understand what it takes to win" bit. Nobody will buy it.

@dieworkwear I bet some fun socks would fix it

silhouette looks like someone trying to get the most out of their toothpaste

The fact that no one has yet leaked the DNC autopsy shows how deep the institutional rot is.

@MeghanChayka @OlePops1 @BuffaloSabres @NHLBruins @NHL @HockeyAnalytics

@RGA @historydefined Wait until the world learns about Sweetgreen

@historydefined Why are you posting about the Oyster Bar like you're unveiling a fantastic secret to the world

Beneath Grand Central Terminal on the lower concourse, there is a windowless 440-seat oyster and seafood bar that has served customers since the terminal opened in 1913. Aside from brief closures caused by a 1997 fire and the COVID-19 pandemic, it has operated continuously ever since.

@DaveyUpper Probably also an entire second pair

Gabe-Mika-Laf ?-?-? Cuylle-Miller-Kartye Sykora-Laba-Chmelar I feel like we need a full 2nd line. #NYR

@DaveyUpper Buying low on a whiskey drinking american forward with term on his contrac, who is two years past a career year and can choose to flee a canadian market for NYC? Sure, what could go wrong.

Brady Tkachuk getting slammed. If #NYR offered a price for Brady it sure woundn't be as high as it once was.

@hellznobro @HazelAppleyard What difference does it make if the shaded areas are equivalent? 1/3 is still 1/3 regardless of the size of the shape. This is kind of core to the concept of a fraction.

@HazelAppleyard It's C & only that. It's the only one where the two shapes are the same size. The others have a larger circle & a larger rectangle, so the area of the shaded portion differs.

How is that wrong? What am I missing?!

@RGA @washingtonpost Democracy died in darkness, so now we do farticles

@washingtonpost No one is owning this story like you guys. You're really flooding the zone on this one.

Science has finally settled the age-old debate of whose farts smell worse — men or women. A study found women’s flatus had greater odor intensity, but men produced more gas volume, writes our Ask a Doctor columnist. wapo.st/4vKS60p

@RGA We live in a timeline where I learned that some kid hits himself in the face with a hammer to be more attractive and it did not faze me one bit

everything is stupidd