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Knyteguy posted:Boss spent $60,000 from a home equity loan on those new hover boards. Two days later the report came out that they were all catching on fire. Don't those cost like $1,000 each? Was he planning on reselling them? Why so many?
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Jan 13, 2016 04:34
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A family friend has a sister whose the definition of idle rich. It's like an exercise in excess. Her son's bedroom has 3 TVs, two of which are side by side so he can watch TV and play Xbox at the same time. I was told in breathless amazement that she has 3 hoverboards. But that's not even the bad with money part. I noticed her 13 year old niece had a shattered iPhone screen. Ends up she dropped it while watching Netflix. On a hoverboard.
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Jan 13, 2016 04:45
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Krispy Kareem posted:But that's not even the bad with money part. I noticed her 13 year old niece had a shattered iPhone screen. Ends up she dropped it while watching Netflix. On a hoverboard. https://www.youtube.com/watch?v=MGXSPf9b-xI
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Jan 13, 2016 05:04
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Knyteguy posted:Boss spent $60,000 from a home equity loan on those new hover boards. Two days later the report came out that they were all catching on fire. Ok Knyte, now you definitely should be looking for a new job.
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Jan 13, 2016 06:20
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Heard about the Birkin Bag on planet money recently. They retail for $12,000-$150,000. This article says it's a better investment than gold or the S&P. So uh, theoretically, what sort of legal trouble would one be looking at if they sold $200 knockoffs shipped from thailand on ebay? How does a market for $80,000 handbags even exist?!
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Jan 13, 2016 06:27
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Because you only need to sell one to make obscene profit, and there will always be rich people who enjoy flaunting their wealth.
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Jan 13, 2016 16:24
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A coworker, this morning, on the lotto "If I win, I'm going to buy a whole lot of gold. After all, the dollar is backed by gold, and who controls all of that? The government." NOOOOOOOOOOOOOOOOOOOPE NOPE NOPE NOPE NOPE NOPE NOPE I AM NOT TAKING PART IN THIS CONVERSATION ABORT ABORT ABORT
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Jan 13, 2016 16:42
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Congrats, you work with Ron Swanson. edit: those "hoverboards" shouldn't be allowed to be called hoverboards if they don't hover. How the gently caress did that name get allowed? Nail Rat fucked around with this message at 17:19 on Jan 13, 2016 |
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Jan 13, 2016 16:45
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If given the 1.5 billion dollars, I'd probably but some gold. It is pretty and I'd put it various places. I would get bismuth crystals for much the same reason. Also, I would buy a lot of zinc and make myself a solid zinc garage. And a solid rhodium sculpture of some anime character just to piss people off. I'd be a fun lotto winner.
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Jan 13, 2016 17:20
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I'm putting my $1.5B into bitcoins.
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Jan 13, 2016 17:36
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I've become Samir from Office Space. Every time I imagine myself receiving I windfall, I think of this quote: "You know what I would do if I had a million dollars? I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities..." Except replace it with low cost index funds. Or bitcoins, possibly.
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Jan 13, 2016 17:42
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Moneyball posted:I've become Samir from Office Space. Every time I imagine myself receiving I windfall, I think of this quote: me too I'm not a very fun person. I would use the money to go back to school with only a mild increase on my quality of life. That money won't last forever after all 
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Jan 13, 2016 17:44
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Switchback posted:Heard about the Birkin Bag on planet money recently. They retail for $12,000-$150,000. This article says it's a better investment than gold or the S&P. Same way a market for $50,000 wristwatches, $300,000 cars, $12,000 bottles of wine, etc etc etc exists, which is that there are a lot of people out there willing to spend more money than you have on things you consider frivolous
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Jan 13, 2016 18:02
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To be fair, nice watches and fast cars own.
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Jan 13, 2016 18:09
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BEHOLD: MY CAPE posted:Same way a market for $50,000 wristwatches, $300,000 cars, $12,000 bottles of wine, etc etc etc exists, which is that there are a lot of people out there willing to spend more money than you have on things you consider frivolous When I win the lottery tonight I'm going to be all like Oprah with 80k handbags. Like smaller Birkin bags inside bigger bags crazy.
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Jan 13, 2016 18:10
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Henrik Zetterberg posted:I'm putting my $1.5B into bitcoins. It would actually be really interesting to see what a rabid buttcoiner would do if suddenly presented with insane riches. Would they continue to support it when greed and the thought of easy money are taken out of the equation?
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Jan 13, 2016 18:42
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What is the probability that an individual ticket contains zero correct numbers?
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Jan 13, 2016 19:00
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pig slut lisa posted:What is the probability that an individual ticket contains zero correct numbers? Judging from the 225 tickets I bought for Saturday's drawing, like 90%.
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Jan 13, 2016 19:06
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pig slut lisa posted:What is the probability that an individual ticket contains zero correct numbers? The winning number is picked by selecting 5 numbers from a pool of 69, and 1 number out of 26. Your odds of the first number being a miss are 68/69. The odds of the second number being a miss are 67/68 (because the first ball is no longer in the pool). etc. The probabilities on each discrete ball drawing are: 68/69, 67/68, 66/67, 65/66, 64/65. Your odds of missing the last ball are 25/26. To compound the discrete probabilities into the probability of a total loser ticket, you multiply them together. Multiplied together you have an 89.18% chance of selecting a ticket in which no numbers are drawn.
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Jan 13, 2016 19:16
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Dwight Eisenhower posted:The winning number is picked by selecting 5 numbers from a pool of 69, and 1 number out of 26. Thanks. So uhhhh hypothetically of course I could clean up by betting people $10 they won't hit any numbers and offering 5:1 odds?
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Jan 13, 2016 19:19
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If only I could take that bet like a million times.
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Jan 13, 2016 19:25
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pig slut lisa posted:Thanks. So uhhhh hypothetically of course I could clean up by betting people $10 they won't hit any numbers and offering 5:1 odds? Strictly speaking that depends on how many willfully ignorant people you can get to take the action, at low numbers you still run the risk of a statistically unlikely but still entirely probable scenario wiping you out. But at 5:1 odds you're definitely holding the house advantage.
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Jan 13, 2016 19:26
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Dwight Eisenhower posted:The winning number is picked by selecting 5 numbers from a pool of 69, and 1 number out of 26. I don't think this is correct; the order of the first 5 balls doesn't matter, so the probability of selecting at least one correct white ball should be quite a bit higher. My stats knowledge is a bit rusty, so forgive me if the following is faulty: I think you'll actually be multiplying 64/69, 63/68, 62/67, 61/66, and 60/65, then the final powerball miss probability of 25/26. This comes out to a 65.23% of a full miss. So, still more likely than not, but not overwhelmingly so!
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Jan 13, 2016 19:31
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If there's no winner, does the jackpot end up going up to like 2.5 billion next week as morons empty their 401ks to buy tickets?
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Jan 13, 2016 19:43
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Nail Rat posted:morons empty their 401ks to buy tickets? Reddit will be a gold mine, I can't wait.
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Jan 13, 2016 19:53
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Nail Rat posted:If there's no winner, does the jackpot end up going up to like 2.5 billion next week as morons empty their 401ks to buy tickets? Thanks for this, my emergency fund was emptied for tickets. Totally forgot about my 401k!
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Jan 13, 2016 20:09
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OMG if only the 5 Year Rule didn't exist, I could withdraw my contributions from my emergency Roth!!!
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Jan 13, 2016 21:05
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I found this while trying to find some dumb cartoon gifs: http://www.freeaffirmations.org/win-the-lottery-positive-affirmations The comments section is pretty fun.
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Jan 13, 2016 21:14
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I like to relate to people with this one: Okay imagine you have baseballs lining the highways that go from Boston to San Diego - it takes about 66 million baseballs. Let's also say one of those baseballs is a magical winner baseball that makes you president. Now, you drive along this highway and step out somewhere randomly and pick up a baseball. You have 4x better odds of being the president than getting a winning powerball. Of course when you explain that to people they think "Well if I buy 1000 or so, that covers the whole distance of a small state! There are only 23 or so states on the way from Massachusetts to California, so my odds would be 1 in 23!" People are very very bad at understanding large numbers. But you should still spend 2 bucks on a ticket every few months, it's not going to kill you.
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Jan 13, 2016 21:19
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pathetic little tramp posted:People are very very bad at understanding large numbers. make believe I posted the 1.2 billion / 300 million = 4.4 million image here
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Jan 13, 2016 21:22
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Also I found this. The odds of you being the sole winner as a product of how many tickets are sold. You can figure the number of tickets in play by subtracting the change in cash payout so this is real rough but the cash payout before was about 400million and the cash payout now would be 800 million, so the difference is 400 million. Now we take that * 3 = 1.2 billion divided by 2 = 600 million. So we're at roughly 600 million tickets sold, or about 2 tickets for every person in America. Now, according to the last census, there are about 210 million people who can legally buy lotto tickets (that's increased by now surely), but we'll use 210mil for this - that means we're at about 2.9 tickets for every American who can legally buy. Not everyone buys tickets, so I'm guessing that means there are pretty huge chunks of people who bought 50+ tickets
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Jan 13, 2016 21:42
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Not a Children posted:I don't think this is correct; the order of the first 5 balls doesn't matter, so the probability of selecting at least one correct white ball should be quite a bit higher. My stats knowledge is a bit rusty, so forgive me if the following is faulty: This is correct. At this probability you'll get eaten alive on 5:1 odds. Anything higher than 1.87:1 will result in you losing.
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Jan 13, 2016 21:47
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Henrik Zetterberg posted:Reddit will be a gold mine, I can't wait. Reddit gold will be mine, I can't wait
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Jan 13, 2016 21:55
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Renegret posted:make believe I posted the 1.2 billion / 300 million = 4.4 million image here Make believe I posted this 1.2 billion times
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Jan 13, 2016 22:04
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Imagine if everyone in the US got $4.33 instead of spending so much money on lottery tickets.
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Jan 13, 2016 22:41
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Devian666 posted:Imagine if everyone in the US got $4.33 instead of spending so much money on lottery tickets. But that money comes from all people who bought tickets and dispersed to all people even those that didn't buy tickets. So some people will make $4.33, some will make $2.33 and some will lose a lot of money.
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Jan 13, 2016 22:49
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Look at the lottery as Darwinism.
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Jan 13, 2016 23:00
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The lottery is like reverse socialism. Millions of people pool their meager resources together to make a handful of shithead lotto millionaires, rather than pooling resources for the common good.
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Jan 13, 2016 23:07
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pathetic little tramp posted:Also I found this. The odds of you being the sole winner as a product of how many tickets are sold.
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Jan 13, 2016 23:17
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Not a Children posted:I found this while trying to find some dumb cartoon gifs: What the actual gently caress man. That is the most grim depressing poo poo I've seen.
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Jan 13, 2016 23:24
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