In the last 10 days, U.S. F-22 jets have fired two AIM-9 Sidewinder missiles which cost $400k apiece, in order to shoot down BALLOONS, which are easy targets that don't fight back.
Can anyone explain why they didn't instead fire a few 20mm rounds from their M61A2s, saving $800k?
What if I told you a single mine in Saskatchewan, the size of a shopping mall, contained enough uranium to supply the full energy demand of North America for a century?
At age 25, you give your hedge fund manager $100K to manage, and he produces an annual return of 8%.
Assuming a 1.5% management and 20% performance fee, by the time you retire at 65, you will have $764K.
But the manager will have $1.24M (at zero initial investment!)