gunfyter
Well-known member
- Joined
- Mar 25, 2002
- Posts
- 3,785
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%
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 --
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