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re: Power 5 Conference Programs with Fiscal Deficits (2014)
Posted on 11/24/15 at 2:59 pm to NYCAuburn
Posted on 11/24/15 at 2:59 pm to NYCAuburn
quote:
You said Ole Miss didnt make anything, which they did. They also made quite a bit more than MSU.
Are fricking kidding me? Please don't tell me you work in finance in NYC.
quote:
Well they made quite a bit more, so the spent quite a bit more. its nice when you can afford nice things
There's no way you work in finance.
2
Posted on 11/24/15 at 3:01 pm to MSU5
I mean, they did "make more".
If I make $250,000 a year I make more than a guy who makes $50,000. I could still spend $260,000 and he spend $30,000 and he would have a better net income figure than me. Regardless, I made more money than him, I was just worse at managing it.
If I make $250,000 a year I make more than a guy who makes $50,000. I could still spend $260,000 and he spend $30,000 and he would have a better net income figure than me. Regardless, I made more money than him, I was just worse at managing it.
This post was edited on 11/24/15 at 3:02 pm
Posted on 11/24/15 at 3:02 pm to MSU5
quote:
Are fricking kidding me? Please don't tell me you work in finance in NYC.
Its seems you are having quite the problem, let me break this down easier for you
Person A, has large bank account with cash, because he makes quite a bit more money every year.
Person B has a smaller bank account because he makes less money every year
Person A lives in a house
Person B lives in a trailer
Person B has $20 left at the end of the week and adds to his bank account
Person A has no money this week and had to take $10 out of his larger bank account
Which person in this scenario has more money?
This post was edited on 11/24/15 at 3:04 pm
Posted on 11/24/15 at 3:03 pm to SummerOfGeorge
I completely understand how profitability works. I promise. All I was saying is that they spent more than they made.
Posted on 11/24/15 at 3:04 pm to MSU5
quote:
I completely understand how profitability works. I promise. All I was saying is that they spent more than they made.
Posted on 11/24/15 at 3:04 pm to SummerOfGeorge
quote:
If I make $250,000 a year I make more than a guy who makes $50,000. I could still spend $260,000 and he spend $30,000 and he would have a better net income figure than me. Regardless, I made more money than him, I was just worse at managing it.
And which person would you consider "rich"?
Assets and revenue matter, some people cant grasp that
Posted on 11/24/15 at 3:06 pm to MSU5
quote:
All I was saying is that they spent more than they made.
Thats not what you originally said.
quote:
Ole Miss fans: athletic department didn't make a dollar in 2014.
I simply pointed out they made over 12 million more than your school. sorry about the butthurt
Posted on 11/24/15 at 3:06 pm to NYCAuburn
quote:
Assets and revenue matter, some people cant grasp that
And Net Assets/Retained Earnings and Cash Flow matter as much or more than either one, especially if you have one year of "deficits". If your Net Assets are huge then one year of deficits doesn't matter at all, especially if it's specifically due to a project like a new arena.
Like you said, if I made $250K a year, spent $260K (especially if it was for a specific purpose) and "lost" $10K that year but had retained earnings of $1M and had large surplus of cash...........who really gives a rip?
This post was edited on 11/24/15 at 3:08 pm
Posted on 11/24/15 at 3:07 pm to NYCAuburn
quote:
Its seems you are having quite the problem, let me break this down easier for you
Person A, has large bank account with cash, because he makes quite a bit more money every year.
Person B has a smaller bank account because he makes less money every year
Person A lives in a house
Person B lives in a trailer
Person B has $20 left at the end of the week and adds to his bank account
Person A has no money this week and had to take $10 out of his larger bank account
Which person in this scenario has more money?
I tell you what. How about I break this down for YOU:
Ole Miss' athletic department lost money in 2014. Is that simple enough?
This post was edited on 11/24/15 at 3:08 pm
Posted on 11/24/15 at 3:09 pm to NYCAuburn
quote:
And which person would you consider "rich"?
There's nothing wrong with purchasing an investment with debt, so long as the investment has potential to increase in value, and the debt is manageable. This is how the middle class buys houses.
Posted on 11/24/15 at 3:11 pm to inelishaitrust
quote:
There's nothing wrong with purchasing an investment with debt, so long as the investment has potential to increase in value, and the debt is manageable. This is how the middle class buys houses.
Funny you say that, because I was trying to explain the different in Current Liabilities and Long Term Liabilities to my non-financially educated wife and my example was "would it make you nervous if you saw that we had $5K in cash and owed $300K in liabilities, because that is what it would look like if we didn't break out current and noncurrent on our mortgage".
Posted on 11/24/15 at 3:11 pm to MSU5
quote:
Ole Miss' athletic department lost money in 2014. Is that simple enough?
But gained value.
Posted on 11/24/15 at 3:14 pm to inelishaitrust
quote:
But gained value.
No one is arguing they didn't!
Posted on 11/24/15 at 3:18 pm to inelishaitrust
quote:
so long as the investment has potential to increase in value, and the debt is manageable.
Or somewhat generate revenue(donations in diferent degres of seperation) in the schools case
Posted on 11/24/15 at 3:19 pm to MSU5
quote:
Ole Miss' athletic department lost money in 2014. Is that simple enough?
Yet still made more money than MSU, sorry about your lower income status
Posted on 11/24/15 at 3:25 pm to NYCAuburn
quote:
Yet still made more money than MSU, sorry about your lower income status
Nice deflection. You've had enough.
Posted on 11/24/15 at 3:30 pm to MSU5
quote:
Nice deflection
ummm....
I have stayed on point the entire time, you are the one who has deflected from the original statement yet again.
These are the great comebacks when you have lost all scope of what to say next
Posted on 11/24/15 at 3:35 pm to NYCAuburn
quote:
News flash Ole Miss fans: athletic department didn't make a dollar in 2014
That was my original statement.
Posted on 11/24/15 at 3:39 pm to MSU5
He went to MSU guys. He doesn't understand how wealth generation works.
Posted on 11/24/15 at 3:39 pm to YouDontKnowBro
quote:
He went to MSU guys. He doesn't understand how wealth generation works.
I do it for a living
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