Backyard Economist

Which of Wemby’s Halloween costumes is your favorite?! 🎃

She came home at 11:30 at night to find her neighbor's car in her paid parking spot, so she had it towed. "There's a sign on the wall and a sign on the floor." Neighbor: "You could have knocked on the door. We stay right next door to each other." Her: "I don't know you, mama. Seeing you does not mean I know you." Should she have knocked first, or was the tow fair?

Always love when I mix business with pleasure. During a 12 hr stop over in New York to meet my suppliers, bro @davido said pull up to my @martell VS unveiling! This is a limited edition Martell cognac hitting the shelves by detty December. Anywhere you see this bottle, know say na original booze. Proud of you my G...Wishing you greater heights! 📍New York City @ECoolOfficial

Blood 🩸 on the streets of Wall Street! Time to explore the dip.😁

This dude quoting scripture will never be funny to me.. Like earn it first through salvation

Eleven years before Michael Jordan, Nike gave NBA star Spencer Haywood 10% of the company. While Haywood was on a road trip, his agent sold the whole 10% stake for $100,000 in cash—just to collect his $10,000 fee. In the video below, Haywood is asked if he is still friends with the man who sold it. His answer: "Yes." In 1973, Haywood was 24 and averaging 29 points a game in Seattle. Phil Knight came to him and asked him to wear his new shoe. Knight didn't have the cash to match Converse. So he offered Haywood stock instead. "First of all, I was young, too, and I'm thinking: livestock? What are you talking about? Stocks," Haywood says. Haywood took the stock. His agent had a problem. An agent gets 10%. Ten percent of stock in a tiny shoe company couldn't pay his bills. Ten percent of $100,000 in cash was $10,000 in his pocket right away. So the agent kept telling Haywood the shoe would never work. At the time, Nike only made running shoes for Steve Prefontaine. When Haywood ran down the court, defenders stepped on his heel and popped the shoe right off his foot. Before leaving for a road trip, Haywood gave in. "I said, 'Okay, man, I give you the power of attorney. Let me just go play. I got to really focus on this game now because this is my chance.'" When Haywood came back, the stock was gone. "He had sold that sh*t," Haywood says. "He said, 'Man, I got the cash right here — 100,000.'" Matt Barnes asks him what that 10% of Nike would be worth. "It was up around 2.7 billion," Haywood says. "Years ago." At Nike's peak, 10% was worth over $8.6 billion. The case for the agent: in 1973, Nike was a tiny Oregon running-shoe company, and the shoes literally fell off Haywood's feet during games. Could you stay friends with a man who cost you $2.7 billion?

Legendary actor Patrick Stewart has sadly passed away at 86. May he rest in peace 🕊️