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re: PowerBall just short of $ 1 billion, Mega Millions at $20 million
Posted on 3/29/24 at 6:06 pm to Longhorn Actual
Posted on 3/29/24 at 6:06 pm to Longhorn Actual
quote:
If it's a one-time deal, you'd probably negotiate it down quite a bit from the EV of $204m because your single event could catch an outlier
Right. Of course I’m considering it a one time deal. Ole chinho strutting in here like he’s gonna make the tough call of picking 5 million, rolling for 240, or simply selling his roll for guaranteed 200 million. Decisions decisions. It would be negotiated down by a massive amount
2
Posted on 3/29/24 at 6:57 pm to rocksteady
A $5 million nest egg could have me drawing $200k+/year forever with no effort. It is an easy choice to me.
This post was edited on 3/29/24 at 6:58 pm
Posted on 3/30/24 at 9:47 am to rocksteady
quote:
Right. Of course I’m considering it a one time deal. Ole chinho strutting in here like he’s gonna make the tough call of picking 5 million, rolling for 240, or simply selling his roll for guaranteed 200 million. Decisions decisions. It would be negotiated down by a massive amount
Nobody was strutting. Even if you sold the 85% chance for $20m, you are still four times better off.
I was pointing out the stupidity of the OP, as the real decision is a no brainer.
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