Amex, NetJets, and Johnny Soprano.

[gunfyter]

American Express takes 3% on transactions.

Netjets is taking 4%.

And your neighborhood bookie's "VIG" is 10%.

AMEX:

3%. You buy something for $1000 and Amex takes $30. But thats not an APR! Thats for putting up money for 1 month... When your Amex bill is due. Amex is making more than 36% APR on the money it fronts for purchases. Not bad!

NetJets:

4% on Revenue. Thats OPM that flows into NJ and then NJ pays for all the costs of managing the aircraft. Thats not APR either. $5 Billion in annual revenue comes in fairly steady. Maybe $400 Million per month. NJ take $16 million. Thats like an APR of more than 50%

Johnny Soprano: (Italian American Mathematician, Venture Capitalist)

Takes bets on the NFL games. He gives you a week to pay and charges 10% VIG. Works out to more than an APR of 500%

"There are three kinds of people in the world. Those who can count, and those who cannot." -- Warren Buffett --

 

[jonjuan]

American Express takes 3% on transactions.

Netjets is taking 4%.

And your neighborhood bookie's "VIG" is 10%.

AMEX:

3%. You buy something for $1000 and Amex takes $30. But thats not an APR! Thats for putting up money for 1 month... When your Amex bill is due. Amex is making more than 36% APR on the money it fronts for purchases. Not bad!

NetJets:

4% on Revenue. Thats OPM that flows into NJ and then NJ pays for all the costs of managing the aircraft. Thats not APR either. $5 Billion in annual revenue comes in fairly steady. Maybe $400 Million per month. NJ take $16 million. Thats like an APR of more than 50%

Johnny Soprano: (Italian American Mathematician, Venture Capitalist)

Takes bets on the NFL games. He gives you a week to pay and charges 10% VIG. Works out to more than an APR of 500%

Don't quit your second job just yet, Tony Baloney.

 

[Lord Wakefield]

Warren relies on people who can't count. He's been saying that he pays less taxes than his secretary for years

Shut up Warren and just write a cheque

 

[gunfyter]

Don't quit your second job just yet, Tony Baloney.

JJ ... you've been the Angel of Death since I have been on this board.

My second job is countering all the negativity. :smash:

I had to pick up the slack since Captain Dad went into hiding :laugh:

 

[imacdog]

Yeah but who's going to pick up the crazy?

 

[gunfyter]

I thought you would? :laugh:

 

[imacdog]

Try as I might, replicating the crazy is just not within reach.

 

[G4dude]

JJ ... you've been the Angel of Death since I have been on this board.

My second job is countering all the negativity. :smash:

I had to pick up the slack since Captain Dad went into hiding :laugh:

You do good work, Guns.

 

[CALRepublic]

Johnny Soprano: (Italian American Mathematician, Venture Capitalist)

Takes bets on the NFL games. He gives you a week to pay and charges 10% VIG. Works out to more than an APR of 500%

Maybe that's what we need, a Johnny Soprano type figured.

and there's Mr. Soprano going up to owners doors, "Hi I'm from Netjets, I'm here to collect and this month there will be an extra 10% for protection"

 

[gunfyter]

Johnny Soprano always made money for his partners.

City OTB still perfecta mess: Nagging losses piling up despite state

NYC OTB reported a whopping $76.5 million operating loss in its audited financial statement for fiscal year 2008, the last year the city ran the operation.

Wouldn't NY have been better off letting the mafia lose $76 million? Rather than stifle a Venture Capitalist like Johnny Soprano with unfair government competition in his business?

I mean a Casino that loses money ... that really is product dumping.
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