Laurence Darrell

Ils sont dans le vrai!

[Laurence Darrell @LarryDarrell16]

Here is my first published essay: How to Drink Spring Water.

It's a super quick read, and I would appreciate any feedback!

https://t.co/fQHs4OYPES

[OddStats @OddStats]

I haven't done this in a while, but I saw this tweet and couldn't let it go. Before you read this, check out the quoted tweet below, equally as aghast as I am. You'll need to get the gist before my response will make any sense.

Ok, welcome back.

Say someone had given you this advice on New Years 2000, with the stock market screaming at all time highs and seemingly no end in sight. Tech-led; massive bull run; history being made. Sound familiar?

You took your inflation adjusted $3.5m ($1.76m in January 2000) and put it into MIGFX, the oldest running growth stock mutual fund in existence. Simple, easy; the man on the radio with the rolled up sleeves told you to do it.

Every January 1st, you took out the equivalent of $200,000 2026 dollars (for example, $104k in January 2001) and, otherwise, let it ride. Just like the radio man told you to.

You went completely broke within 10 years.

Let's say, however, you started on New Years *2001* ($1.83m inflation adjusted) because some jackass on the radio was sure this mutual fund, already down 27% from all time highs, couldn't possibly go any lower.

"You're getting in at a DISCOUNT," I'm sure he'd tell you.

You were completely broke within 12 years.

Ok, ok, ok. Let's say you did it on New Years *2002* ($1.85m inflation adjusted) instead. Now this mutual fund was already down 45% (!!!) from all time highs. Certainly the bear market is over and it's all smooth sailing from here, right?

Sure, things were better, but you still ran out of money after 18 years.

Is that how long you expected to live in retirement? I hope so, because now you get to go live with your kids just because you listened to some guy on the fucking radio give you insanely bad advice.

Three years; one at the top, one in the middle, one near the bottom. All three had you die penniless.

And make no mistake, people will show up to point out that I cherry picked those 3 years, but that's the point. You have no fucking goddamn idea which year you're starting this in. Could be 2011. Could be 2001.

And neither does Dave.

I hate this fucking industry.

[Laurence Darrell @LarryDarrell16]

@lhamtil @EconomPic The actual over/under would be 55 (total games required to receive end of season awards/all NBA votes). My guess is he plays exactly that amount.

[Laurence Darrell @LarryDarrell16]

@paularambles @credenzaclear2 Framing this in my house brb

[“paula” @paularambles]

@credenzaclear2 did she have a coppola drinks

[Laurence Darrell @LarryDarrell16]

@BennettJonah Do you have any examples of people who are doing this?

[Laurence Darrell @LarryDarrell16]

@jmthrivept Preach

[Laurence Darrell @LarryDarrell16]

@zbitter Seems like a great idea of the price is right. I would not pay a large premium for customized protein.

[goodalexander @goodalexander]

@DeepDishEnjoyer cool thing about quitting coffee is you quit and then you stabilize and you're like "hey, life is objectively worse without coffee" and then you start again

[Laurence Darrell @LarryDarrell16]

@SowingAlphaSeed Only if those things have utility

[Laurence Darrell @LarryDarrell16]

@SamoBurja Same story in Canada.

[Laurence Darrell @LarryDarrell16]

@SamoBurja This is insanely bullish big city real estate. Specifically high end residential.

[Laurence Darrell @LarryDarrell16]

@orrdavid @RodriGo_ethe Hedgefund, ETF or both?

[Laurence Darrell @LarryDarrell16]

@SowingAlphaSeed Would you recommend a model 3? Been considering for a while now.

[Laurence Darrell @LarryDarrell16]

@taggartvanetten Good luck man!

[Laurence Darrell @LarryDarrell16]

@deusexdividend Is there anything wrong with that?

[Laurence Darrell @LarryDarrell16]

@SixSigmaCapital Seems right. Would be a screaming buy for me at that level.

[Laurence Darrell @LarryDarrell16]

@BrendanThompsn Which one is correct?

I guess it depends on the race? E.g. 100m will look different than a marathon?

[Laurence Darrell @LarryDarrell16]

@SowingAlphaSeed @orrdavid Those seem like reasonably small amounts for a sovereign nation. Not an expert just my gut feel.

[Laurence Darrell @LarryDarrell16]

@SowingAlphaSeed @orrdavid Any data to back this up? Seems like a big deal if so.