@WSJbuys a laundramat in what turns out to be the very, very best A+ location and it prints money. That does not mean that every location you put in makes the same money. That is the big issue and fallacy. Each laundramat is not the same. Location, parking, promixity to good rentals with poor laundry, etc. The first guy prints money and brags at parties and on the internet. Good for him/her. Do not do your analysis on his location, but the location you are looking at. If you are not sure then discount deeply the income and increase the costs. Do not overpay for a C or D or F location. You will do fine.

@WSJ passive income with an active spin cycle 😭

@WSJ No business with equipment and customers is passive. Somebody is fixing the machines and mopping the floor, and if it's not you, it's coming out of your margin.

@WSJ Passive income that runs on unglamorous hustle is the usual story. The machines don't fix themselves.

For years, checking whether a divergence behaves when you merge experiments required endless casework. A new proof makes it a one-line check.

@WSJ tbh "passive income" is just someone else's active hustle you're paying for