Carl Evans retweeted
An American university quietly filmed a 77-minute finance lecture that proves a $300,000 mortgage pays off only $45,000 of principal in its first ten years, and no bank, broker, or realtor will ever walk the buyer through it.
The professor recorded it once and posted every minute to the university's archive for nothing.
Mortgage brokers charge $5,000 in origination fees to hide the exact formula he derives on the whiteboard for free.
He is a classical finance mathematics professor who has watched three generations of Americans sign mortgages they could not read.
Every lecture is one whiteboard and one marker. The annuity formula. The 1933 mortgage reform. The $1,625 interest on month one. The $271 of principal.
His entire framework fits on a napkin.
Interest each month equals the balance times the rate divided by twelve. On a $300,000 loan at 6.5 percent, month one is $1,625 of interest and $271 of principal. Ten years in, you have paid $182,000 in interest and $45,000 in principal. Half the loan is only gone after year twenty-one. An extra $200 a month cuts seven years and saves over $100,000. The thirty-year amortizing mortgage was invented in 1933 and nobody has rewritten it since.
That last line alone is why every realtor pushes the 30-year loan and every bank officer hopes you never ask about the extra $200.
"Interest each month equals the remaining balance times the annual rate divided by twelve."
That is the one line every finance math class in the country opens with. It decides whether a 65-year-old is mortgage-free or still writing checks to the bank.
Homebuyers sign a 30-year loan without running the amortization table and give the bank six dollars of interest for every dollar of equity in year one. Parents pay off the house the month before the grandkid graduates because nobody showed them the extra-principal rule.
The lecture is free on the university's YouTube channel. The textbook is under eighty dollars.
Almost no one signing a mortgage next Monday has watched the first twenty minutes.
The napkin is free. The willingness to actually run the amortization table before you sign thirty years of your life away is the entire edge.
Carl Evans retweeted
"We don't hate anybody."
"Well you should. Makes life more fun."
Truly the French spirit.
The Peace of Westphalia of 1648, recreated in a comedy sketch from the BBC program The Nearly Complete and Utter History of Everything (1999).
Carl Evans retweeted
I want to talk about what is probably my favourite chart in crypto right now, and that is the $XRP.D.
This is the weekly timeframe, and there is a lot going on here, so let me explain what I am seeing.
Firstly, I believe we have completed a Wyckoff accumulation pattern. Since then, we have been in what I would describe as the sign of strength phase for quite a long period of time. We have essentially been trapped between what was support back in 2018, which then became resistance from 2019 right through to the present day, and previous resistance from 2021 that has now flipped into support.
Right now, we find ourselves sitting almost directly on top of that support level around 3.387%.
If we look at the structure itself, what we can see is a descending wedge pattern forming, which is traditionally considered a reversal pattern. At the same time, volume has been diminishing as price compresses into support.
Now, if you zoom in from the weekly to the daily timeframe, something else starts to appear. We are beginning to see an uptick in volume right on top of the support level that we have been discussing. We are also potentially setting up for a weekly bullish cross, while the RSI on the weekly has already broken the strength of its current downtrend.
There are a lot of signals here suggesting that XRP dominance could be preparing for a significant move.
And if anything close to what I am suggesting actually plays out, then the amount of capital that would need to flow into XRP to drive that move would be substantial.
When you then combine that with everything we have already discussed around XLM, tokenisation, regulatory developments, RLUSD, and the broader XRP narrative, it becomes quite easy to understand why I am excited by this setup.
I do not want to go too deep into XRP again because I have already spent a large part of this newsletter discussing it, but purely from a technical perspective, this chart looks beautiful to me.
NB. The above was a section of my newsletter that comes out in a few hours, if you want to read more or enjoyed it, please subscribe here for free - theweeklyinsight.substack.co…
Also, it would mean a lot if you'd RT this and share with your friends if you're one of our 3,300+ weekly readers
Carl Evans retweeted
GET OFF THE PRICE CAP IF YOU CAN. DON'T IGNORE THIS (unsure if you're on the Cap? You likely are!) There's a window of opportunity to lock in prices below the current Cap to avoid the huge hike coming in July. M'full briefing & top deals list here... moneysavingexpert.com/latest…
Carl Evans retweeted
Conor Neill on the 3 best ways to start a speech (most people get this wrong):
"I guarantee if you go to conferences, 19 out of 20 speakers will start in one of these ways: 'My name is Conor Neill. I'm from Tango, and this talk is about the latest trend in monitoring strategies.' But all of you are sitting with a piece of paper that already says who I am and what I'm going to talk about. By repeating what you already know, I'm giving a signal that it's time to get your BlackBerry out."
Conor explains the three best ways to start instead:
Third best: A question that matters to the audience.
"How do you phrase a problem that the audience faces in a question?"
Second best: A factoid that shocks.
"There are more people alive today than have ever died. Every two minutes, the energy reaching the earth from the sun is equivalent to the whole annual energy usage of humanity. Does that change how you think about energy?"
The best way: Start like you'd start a story to a child.
"How do we start a story to a child? 'Once upon a time.' And what happens when you say once upon a time? My daughter leans forward, gets ready to hear, engages. We were all trained as kids to know when a story's coming. We also know when a teacher is about to deliver a 40-minute boring lecture."
He explains the grown-up version:
"In business, you don't hear Jack Welch saying 'once upon a time.' Steve Jobs doesn't start his speeches with 'once upon a time.' So there's a grown-up way of saying it: 'In October, the last time I was in this room, there were 120 people here. I was having a conversation with one of the world's experts on public speaking and he said something to me that changed what I think about what's important in speaking.' Now I can pause for 30 seconds, and you want to know what he said."
Conor concludes:
"Stories are about people. They're not about objects. They're not about things. If you want to tell a good story about your company, don't talk about the software talk about the people who built the software. What they do. How they are. What's important to them. What they sacrifice."
Carl Evans retweeted
'Fuck you money' explained in the movie The Gambler.
Jim Bennett: I've been up two and a half million dollars.
Frank: What you got on you?
Jim Bennett : Nothing.
Frank: What you put away?
Jim Bennett: Nothing.
Frank: You get up two and a half million dollars, any asshole in the world knows what to do: you get a house with a 25-year roof, an indestructible Jap-economy shitbox, you put the rest into the system at three to five percent to pay your taxes and that's your base, get me? That's your fortress of fucking solitude. That puts you, for the rest of your life, at a level of fuck you. Somebody wants you to do something, fuck you. Boss pisses you off, fuck you!
Own your house. Have a couple bucks in the bank. Don't drink. That's all I have to say to anybody on any social level. Did your grandfather take risks?
Jim Bennett: Yes.
Frank : I guarantee he did it from a position of fuck you. A wise man's life is based around fuck you. The United States of America is based on fuck you. You're a king? You have an army? Greatest navy in the history of the world? Fuck you! Blow me. We'll fuck it up ourselves.
Carl Evans retweeted
A masterclass in delivering exposition: Indiana Jones explaining the Ark of the Covenant in Raiders of the Lost Ark.
Carl Evans retweeted
Hang in there xitter.gq/i/broadcasts/1DXxyWXVY…
Carl Evans retweeted
People complaining about the start time of the first Ashes test
But if you’re a 50 odd year old bloke who goes to bed earlier, it’s pretty much perfect
Coincides with the time I usually get up for my first pee of the night
Bring it on
#Ashes2025
Hi @GWRHelp, what’s your policy when a train is terminated early? Surely You have a duty of care to ensure passengers get home safely — yet my wife was abandoned at Bath Spa this evening with no trains to Swindon and no replacement buses.
Carl Evans retweeted
LIBRTI aims to foster world-leading innovation for fusion power plant fuel cycle development, while stimulating industry capability and capacity.
➡️ youtu.be/CYG6kgxGNFI?feature…
