I generally have a good grasp of mathematics, I enjoy it, what I am doing wrong in the above has me confused though, for a 12% note I am calculating a yearly return of around 8.5%, which just doesn't make sense.

I know it might make mathematical sense, but trust me - its not fun.

It used to be in the times when our country was founded a “gentleman” could shoot his musket, ride a horse, hunt, speak Latin, perform calculations with mathematics, play an instrument and dance.

I know very little about buying notes, however I know mathematics, quantitative finance, statistics and probability theory better than the average person.

"Ringing" an auction is a sophisticated mathematical exercise.

At the graduate level and beyond there is some really healthy utility for abstruse mathematical models in applied finance.

Not every person is a gambler, nor is every person a cowboy.There is no one set of correct rules, mathematical formulas, or theory.

If someone new comes to me and says "I want to lose 100 pounds in 3 months" I would let them know that that is mathematically improbable if not impossible and guide them to a realistic high and low scenario 10-40 pounds...kind of the idea with leveraging the wealth of knowledge here :).

Just don't convince yourself that it's making you a better investor or making you more money.I'd say this is just my $.02...but I actually believe it's more than that...I believe it's mathematical fact.

Commercial real estate:With a specific skillset in triple net leasing and also apartment buildings.I picked commercial because I love the freedom, income, and hours along with analyzing numbers all the time.It's not emotional with drama but mathematical with making sense.