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Old 01-26-2013, 10:20 PM   #51
Join Date: Dec 2012
Location: Near a tennis court
Posts: 344

Originally Posted by Misterbill View Post
How can you conclude that the parents are stupid?

We don't know, maybe their tennis expense is less than 1% of annual income or a much smaller percentage of net worth. Meanwhile, it wouldn't surprise me if lots of parents right here on this Board are paying upwards of 5-10% of annual income on their kids' tennis.

Looking at nominal amounts rather than percentages in any business or family isn't the best way to take risk or maximize material enjoyment/the return on investment.
5-10%? 30% after tax on my son.
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