The USPS is planning a rare, above-inflation postage stamp price-hike on Jan 26, 2014; and they're also selling "forever-stamps" that can be used at any time. Allison Schrager and Ritchie King show how these two facts in combination offer a significant arbitrage opportunity, and set out a plan to buy 10 million stamps at $0.46 and sell them at $0.48, netting $200,000 in profit, at 4.3 percent.
It's pretty thoroughly thought-through, with a detailed finance and distribution plan. I'd love to see them try it.
Our plan is to buy 10 million stamps at $0.46 each and sell them at $0.48. The margins, of course, are small. If we buy 10 million stamps, spending $4.6 million, we’ll earn $200,000—a 4.3% profit.
The good news is that you can buy up to 1 million stamps in a single order from the USPS, and pay a mere $1.75 in shipping (shipping is their business, after all).
A step-by-step guide to profiting off a 3-cent hike on US postage stamps [Allison Schrager and Ritchie King/Quartz]
The Flux chair is a $130, 12lb “origami-style” polypropylene lounge chair designed by Douwe Jacobs; it sets up in minutes and is stable and lovely (there’s also a $65 kids’ version and a whole range of furnishings including a bar, coffee table, countertop, end-table, etc). (via Yanko Design)
The first time Merle Rasmussen played Dungeons & Dragons, he thought it was a Halloween game.
“It was October 1975, and I was an 18-year-old freshman at Iowa State University. My roommate got this game filled with skeletons and undead monsters. I had no idea.” The role-playing bug had bitten him, but fantasy wasn’t his genre. So that same year, he started writing a game set in a modern world, the spy game that would become Top Secret.
Janelle Shane trained a recurrent neural network with a data-set of more than 2000 ancient proverbs and asked it to think up its own: “A fox smells it better than a fool’s for a day.”
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