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  1. Empirical Cane

    The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

    That part was very interesting. It's easy to back of the napkin a number*. ((Expected annual volume of collections x average value of collections) x government finder fee) - expenses. +/- of course. From a simplistic view, anyone on this board could start a competitor if you know the forms...
  2. Empirical Cane

    The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

    It's actually not about wasting money per se. It boild down to two things really: 1) it isn't "theirs" (a fallacy of course it is ALL of ours), and 2) the go/no go decision makers on what it takes to discover/recover the funds is actually childs play, but beneficiares VOTE and doing what is...
  3. Empirical Cane

    The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

    Excellent context. Again, he is wealthy now, but hasn't achieved the level of whale wealth that will support his future commitment of UM athletics. That about right?
  4. Empirical Cane

    The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

    As you should be. While his company provides an invaluable cost recovery mechanism to the Federal/State government(s), his product has no meaningful moat for others to enter that market. In fact, the government(s) could easily stand up a function to replicate what he does (AND then not have to...
  5. Empirical Cane

    The John Ruiz family is ready to support Miami’s athletic department ‘substantially’ in the future per 247

    Without the blowing up from those pesky rebels of course. #TheEmpireWasJustMisunderstood
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