Sean Carr

There is no one alive that is Youer than You

[Ethan Brooks @alt_w_v_g]

My wife mentioned a nice private school over dinner this week
She said the campus was beautiful
I asked what's the tuition
She said we should look at it as an investment in him not a cost
I made a note
She said don't make a note
I said I always make notes
She said this isn't a deal
I said everything is a deal
She closed her eyes

She said we'd discuss it Saturday
I agreed

Saturday 7:02am
She came downstairs in her Saturday robe
Coffee in hand
I had my cargo shorts on

The dining room had been cleared
The projector was on
The analyst was at the head of the table
Quarter zip on, three iced coffees, a legal pad, and two laptops
He had been there since 6:44am

I texted him at 11:14pm Friday
The text said dining room 6:45am bring the model
He sent a thumbs up

My wife stopped in the doorway
She said what is this
I said you said you wanted to discuss it
She said this is not a discussion
I did not respond
She sat down anyway

The analyst stood
He said good morning ma'am
She did not respond
He sat back down
A printed deck in front of each seat
A fourth copy in case

Slide 1 Tuition Schedule
$38,500 per year
Thirteen years
$500,500 nominal
Before escalators
The school has raised tuition 4.2% per year for a decade
With escalators $648,000
My wife said okay
I said I'm not done

Slide 2 Opportunity Cost
Even before escalators
$38,500 invested annually
10% nominal return
S&P long-run average since 1928
By his eighteenth birthday $944,000
My wife said we can afford it
I said I know that's not the slide

Slide 3 Terminal Value at Age 65
$83 million
She was quiet

The analyst slid the sensitivity tables across the table
8% return $31 million
10% return $83 million
12% return $222 million
She did not look

She said this isn't about money
I said it's always about money
She said no it isn't
I said then what is it about
She did not answer

She said you can't put a dollar value on his teachers his classmates his environment
I said I can the analyst already did slide 6
He flipped to slide 6
She did not look

She said the school is the best in the city
I said best is a feeling
She said it produces the best students
I said the students were already the best before they got there

She said our son deserves it
I said our son deserves $83 million

My son walked in
He is five
Dinosaur pajamas
He looked at the projector
He looked at the open deck on the table
He looked at slide 3
He said are we modeling pre-tax or after-tax
The analyst opened a new tab
My wife looked at the ceiling

He said what's the discount rate
The analyst set down his pen
She closed her eyes

He said is this the same return assumption from the 529 conversation
The analyst stopped typing
He looked at me
I did not say anything

She stood up
Sat back down

He said dad can I help
I said yes
He pulled up a chair
The analyst handed him a printout
He started reading

My wife watched him read
She watched him for a long time

She said his name
He looked up
She said do you like school
He said the work is too easy and the kids don't ask questions

She did not respond
She looked at the ceiling
She walked out of the room

The analyst started packing up
He said should I follow up Monday sir
I said no follow up needed

He'll be fine

Sent from my iPhone

[Daily Stoic @dailystoic]

One of the most powerful passages in Marcus Aurelius' "Meditations":

[Calley Means @calleymeans]

President Trump just announced @CaseyMeansMD as his Surgeon General pick.

Here are some videos of her speaking about the existential chronic disease crisis.

I am so proud of her and know she will help the President and @SecKennedy change the world.

https://t.co/D2UYI5xVKB

[Sean Carr @RSeanCarr]

@SeedOilDsrspctr A family classic!!

[Nina Teicholz, PhD @bigfatsurprise]

Unfortunately the @RobertKennedyJr team doesn't realize the science already exists. We don't need AI and technologists to comb through data bases. Ask the people who are already reversing these diseases

[Rick Golfs @Top100Rick]

Bluejack National is known as the happiest place on earth for golfers.

Tiger Woods first USA design and inspired by Augusta National, this private playground is truly about FUN!

Let’s take a deep dive into a day at Bluejack:

[Sean Carr @RSeanCarr]

@milken_cookies Kjus!!

[CAGR Party 📈 @CAGR_Party]

Guess I’m trading against Squidward’s entourage who forgot to hide the boat rental waiver

[Founder Confessions @FoundersReveal]

If you ever feel bad about your company's marketing efforts, understand that Ford's CEO (yes *that* Ford) regularly posts a podcast that gets an average of a couple hundred views

[Jusper Machogu @JusperMachogu]

This is my official Sustainable Internship Invitation to you. I am based in rural Kisii Kenya. Please come enlighten us about climate change while we fetch water from 600m away, fetch firewood for cooking, till for a meal under ��, spread cow manure on our farms, etc
Yes?

[Sean Carr @RSeanCarr]

Smokey Bear showing up once the forest has already burnt to a crisp

[Bloomberg @business]

New SEC rules on what SPACs can say are set to clamp down on rosy forecasts. In hindsight, some companies that merged with blank-check vehicles during the pandemic-era boom may wish they hadn't been so optimistic. https://t.co/T9izk8KWO3

[Dermot O @LUV2SKIPOW]

$5.4MM for 2 and a built in diesel generator as the battery will only last 2 hours

[Sean Carr @RSeanCarr]

@BluejackNatTurf 🙏🏼

[Sean Carr @RSeanCarr]

😮

[Celsius Energy @CelsiusEnergyFM]

As arctic air expands into the Deep South, residential & commercial heating demand & powerburn will surge. Per early-cycle pipeline data, total #natgas demand will surge to 154 BCF/d today, up a massive +38 BCF/d vs 2023, driving a very bullish -46 BCF daily storage withdrawal.

[Mina Kimes @minakimes]

sports are bad and life is pain

[Brandon Leyert @bleyert425]

Sometimes the jokes just write themselves… ESPN posts an article today about UW and the consistent disrespect / doubt they’ve received all year, written again by the same writer who just yesterday referred to them as…

*checks notes*

the Cougars

[Eric Nathan @BarstoolNate]

T-Pain Singing "Tennessee Whiskey" Is The Best Cover In The History Of Recorded Music https://t.co/UmbZDTxykG

[Sean Carr @RSeanCarr]

This seems like conflating total basin level production with well level productivity - total production can go up even while well level productivity turns over…

[Novi Labs @novilabs]

“Did we run out of Tier 1 wells?”👀

This is a common question as we saw a 10% drop in oil production. But fear not!

The answer isn't running out of Tier 1, but rather a strategic pause during the COVID

#oott #oilandgas #machinelearning #tier1 #oilproduction

[Sean Carr @RSeanCarr]

@WaitCapital Chautauqua! Parents lived there for a decade… they and I loved it

[Sean Carr @RSeanCarr]

@SBakerMD Right by snowflake lane!