Or, in University Diaries terms, think of it as Harvard University having lost 1.5 percent of its current endowment.
Or, in University Diaries terms, think of it as Harvard University having lost 1.5 percent of its current endowment.
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March 5th, 2020 at 11:26AM
Bloomberg only spent about $8.6 million per delegate that he bought (across all his markets).
Gabbard has spent over $11 million per delegate.
March 5th, 2020 at 2:12PM
Yes, and his mass mailings are still hitting my mailbox, in Illinois, where we vote on St. Pat’s Day.
March 5th, 2020 at 2:42PM
There’s something about big numbers that messes with people. $600 million is about 1% of his assets. The bad $10 cheeseburger would be the same percentage for someone with only $1000 worth of assets, i.e., basically nothing. For those in the the 50th percentile of net worth (not the same as assets, but probably a better comparison), which is around $100K, the bad $10 cheeseburger would only be .01% of their net worth.
March 5th, 2020 at 7:15PM
Good point, tp. I guess it’s not so much what percentage of your wealth you’ve spent, but what you have left. If I spent $1,000 on a bad hamburger, it would take me a long time to get over it. (Of course, if I spent $1,000 on a *good* hamburger, I’d still have the world’s largest case of buyers’ remorse.