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Bozo_Casanova

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Everything posted by Bozo_Casanova

  1. What? That’s crazy. My girls started work at 14, worked through high school and continued into college. In addition to being good for them, it also contributed to where they got into college, helped them get other jobs, etc. it’s a huge leg up.
  2. Has he expressed an interest in getting a job? Kids like that benefit a lot from working for money.
  3. One more thing on this, because I get asked about it. A number of people have asked me about this part, something along the lines of "isn't that our job as parents?" And my answer is no, it is not our job. Getting into college and going to college isn't our job. My daughter went to LASA. The kids who were pushed to go there by their parents were the kids who flamed out. The same thing is true for highly selective colleges and universities. We can give them love, advice, support and guidance but like anything else in life, they need to work for the things they want. They managed the process themselves and I did nothing but write a check. My message to my daughters was - I am hiring these people to help you stay on top of things. Our budget for college is $_________ per year, all in. The better you manage the next three years the more great options you will have.
  4. They don't say anything when they answer the phone! It's bizarre, they don't even say hello.
  5. We hired one for both of our girls, and would do it again. I have thoughts: 1) This is an arms race caused by "elite overproduction." It's stupid, unfair, and much of it is arbitrary. Essentially, the process is akin to a cold resume coming into an HR team for a limited number of posted positions. They can say it's about finding the right fit and no doubt they would like it to be, but they are drowning in qualified applicants. Outside of the very top of the very top tier, there's a little luck and a lot of volume involved. So network and expertise matters a lot, enter the role of the counselor. 2) Junior/Senior year is very late to start the process. Ideally you would start the kid with a counselor before the beginning of freshman year. 3) The counselor is not there to do work for your kid or pull strings. They exist to navigate the process from an expert position and help your kid focus their efforts on things that matter, while giving them supportive but 100% honest feedback on where they are, what they want, and their chances. For that reason counselors should be chosen based on their track record, career history, and how they structure their team. Interview them, ask for refrences, etc. 4 ) The organizational element is where counselors really earn their keep - we're talking about 15-20 applications, many of which will have their own essays or are looking for different things. Counselors keep all the gears turning smoothly in the process, including getting on the students when they are procratinating, @troph. When I said "team" earlier, I meant it. Larger practices will typically have a number of coaches who are managing the process, to go with tutors and essay coaches/editors on staff. Division of labor is the sign of a strong practice. 5) Frankly, I hate this game. It's a form of opportunity hoarding that systematically excludes kids from families without money/savvy/interest from access to ladders of opportunity. That said, we have all three and deployed them for our daughters, with good results.
  6. Look no further than the mortgage and real estate thread on DT. Real estate professionals overwhelmingly voted for the administration because they wanted lower rates and better business conditions, which confused me then, but whatever. I am now shocked to realize that many or most of them seem to be under a vague impression that the Fed controls mortgage rates.
  7. Wordle 1,507 4/6 ⬜🟨⬜⬜⬜ ⬜⬜🟨⬜🟩 ⬜⬜🟨🟨🟩 🟩🟩🟩🟩🟩
  8. Agree- sorry I wasn’t clear. If the FED succumbs to the pressure, I meant, or the new chair is seen as a rubber stamp, or some hack is appointed to replace Kugler and then Powell is forced out of his governorship before it ends in ‘28, but after his term as chair ends in ‘26, etc.
  9. It’s possibly too long also. Plan B is an N54, but if that’s too difficult I’m perfectly happy to go with a 2.3.
  10. That hasn’t mattered since November 1980, except from 1989-2000 and from 2017-2020, why would it matter now?
  11. Becoming? Do you not remember the Bush Administration during the GWOT?
  12. No, that is not the argument. That’s like saying the NBA would exist and be as popular as it is without their owners footing the bill.
  13. Yeah you seem like you are having fun. Yes, I am famously ignorant and indifferent about economics. Good point.
  14. Exactly- and usually they expect to make money on exit or structuring and choose to operate at a loss- which is to say they build long term equity on a tax-efficient basis.
  15. I really want to swap a 3.5L ecoboost into an old Volvo 240 sedan.
  16. In my experience small business owners and entrepreneurs are a lot like lawyers- smart and usually well meaning people who are extremely adept in a focused way, but sort of blinkered by their own business conditions and easily surprised by realities outside.
  17. Right. You’re just outraged by the fact that the employees of their long term Investment are asking for raises, despite the fact that it’s not run-rate profitable.
  18. On its “merit?” Lolololol. If it didn’t exist on its merit, it wouldn’t exist. You just don’t agree with the people who pay the bills about what the merit of the league is. And you don’t have to. Do you understand business at all?
  19. That’s completely irrelevant. That’s like saying xAI wouldn’t exist without SpaceX. Also, you aren’t the NBA. Tell me more about pies in the sky.
  20. Fed funds rate 1955-present. In my opinion Fed Funds is the best single Indicator of the current credit environment. My point is that what this rate climate is not and has not been restrictive enough except in sectors of the economy that had become addicted to cheap debt and are now dope sick. And I’m genuinely sympathetic, because I know it’s tough on people in those industries. But two much cheap debt has really hurt the economy and may have fatally wounded the American middle class.
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