WATCH: Chicago Mayor Brandon Johnson speaks condescendingly to a reporter who asks him about a letter signed by nearly 700 principals and assistant principals opposing efforts from Johnson and the Chicago Teachers Union to fire Chicago Public Schools CEO Pedro Martinez.

If you are thinking, “Tim Walz can’t be that bad…”, please allow me to attempt to change your mind. My dad might be the only person on the planet that loves Minnesota as much or more than I do. He spent the first 65 years of his life living in the Polish Catholic neighborhood

Here is the unbelievable throw and catch from Horvath to Heidenreich:

Want to become a millionaire in real estate? 𝐅𝐢𝐫𝐬𝐭 𝐦𝐨𝐯𝐞 — 𝐛𝐮𝐲 𝐚 𝐝𝐮𝐩𝐥𝐞𝐱, 𝐭𝐫𝐢𝐩𝐥𝐞𝐱 𝐨𝐫 𝐚 𝟒-𝐩𝐥𝐞𝐱 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐅𝐇𝐀 𝐥𝐨𝐚𝐧. 3.5% down payment. Live in one unit, rent the other units to friends. Manage it yourself. Save all cashflow for 2-5 years. Or however long it takes. Don’t spend a dime of it. 𝐄𝐯𝐞𝐧𝐭𝐮𝐚𝐥𝐥𝐲 - 𝐬𝐞𝐜𝐨𝐧𝐝 𝐦𝐨𝐯𝐞 - 𝐮𝐬𝐞 𝐭𝐡𝐚𝐭 𝐬𝐚𝐯𝐞𝐝 𝐜𝐚𝐬𝐡𝐟𝐥𝐨𝐰 𝐭𝐨 𝐛𝐮𝐲 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲, 𝐨𝐫 𝐛𝐮𝐲 𝐚 𝐬𝐢𝐧𝐠𝐥𝐞 𝐟𝐚𝐦𝐢𝐥𝐲 𝐡𝐨𝐮𝐬𝐞 𝐭𝐨 𝐥𝐢𝐯𝐞 𝐢𝐧. Manage your 2-4 unit and live in your house. It’s not easy, and will require hard work, sacrifice and grit, but it’s doable. Even if you never make another investment in your life, these two moves all but guarantee you will be a millionaire some day.

Let’s say a scientist invents a product that costs $5 per unit to mass produce—just five bucks for the raw materials and the direct labor costs of manufacturing it. What’s a fair price to charge? Should she be allowed to charge $10, for a 50% gross margin? What about charging $500, for a 99% gross margin? On top of that, what if I told you the scientist expects to sell 1M units per year. Is it equitable that the scientist will generate nearly $500M of gross profit, off of just $5M in direct costs? Sounds unfair, right? Why should she be allowed to gouge her customers that badly?! Why should we permit her to extract that much surplus value out of her employees? It sure sounds like exploitation! Before you answer, though: What if I told you the inventor had first invested $1B of her own money to create the product? Would that change your answer, knowing that her gross profit (before overhead) is generating just a 50% return on her invested capital? What if I also told you that, in addition to the $1B she invested on R&D for this product, she had also spent $1.5B on R&D for products that didn’t work, or which never received regulatory approval? Would your answer change, knowing that her overall return on total invested capital is now 20% at the most? Lastly, what if I also told you the inventor could have taken her $2.5B and invested it in real estate, for a 15% ROIC? Would you change your answer, knowing that our brilliant inventor could have easily just taken her money, deployed it into passive opportunities, and sat on a beach, rather than investing her funds—in addition to her time and her talents—into a highly risky venture? If you don’t understand these why these questions are relevant—if you don’t grasp the concept of ROIC, or why investor returns matter more than just product margins, or how dead-project costs factor into pricing for products that do make it to market, or how incentives affect capital-allocation decisions—you might want to put your phone down, log off Twitter, and never again offer such an uniformed opinion about prescription drug pricing.

Just wrapped a client meeting. Female. 73 and healthy. 2 adult kids (age 42 and 47). 13 year old grandson. Plenty of money for her comfortable retirement. The conversation was mostly focused on estate planning and encouraging her to feel okay giving money to her adult kids. Here's what I said to her: "Think about life 20 years from now. You're 93... Your kids are in their 60s and your grandson is 33. Then they'll inherit your money. However, at that time everyone is fairly settled into who they are and what they'll become. Now compare that with a gift today. Your kids are at a place in their lives where a financial gift can have a trajectory-altering impact. Consider the ripple effects of removing a bit of financial stress from the parents of a 13 year old. I'll help ensure your needs are met for the rest of your life, but if you see an opportunity to help the people who matter to you, seize it."