Ch®️istie 📈 @ROIChristie Twitter profile | Pikagi

Pikagi

Ch®️istie 📈

@ROIChristie

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👩‍👧Director @CAIAAssociation . allocator & board member. @utexasmba . alts, public mkts, PE / VC, hedge funds, energy, FI, risk mgmt

Dallas, TX

Joined August 2008

Don't wanna be here? Send us removal request.

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@ROIChristie

Ch®️istie 📈

5 years

1/ ENDOWMENT BASICS I get it. It’s fun to pat yourself on the back when your 401k beat Swensen...but before that victory lap, let’s walk through some basics. Most of you quote returns and see an endowment as a giant pool of $ vs this, which is how I see an endowment:

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@ROIChristie

Ch®️istie 📈

3 years

Predicting inflation is astrology for men in finance

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@ROIChristie

Ch®️istie 📈

4 years

Personal update: I am about to buy my first bitcoin ☠️

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@ROIChristie

Ch®️istie 📈

4 years

the first piece in my meme cross stitch series. how do I nft this? ;)

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@ROIChristie

Ch®️istie 📈

4 years

Yes, i’m sure investing was just as hard back in your day when tbills paid 5%

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@ROIChristie

Ch®️istie 📈

3 years

Did it hurt? When you realized the asset allocation model’s assumptions are faulty and the optimal portfolio doesn’t actually exist

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@ROIChristie

Ch®️istie 📈

4 years

Kids these days have it so easy. Back in my day (11 months ago) the S&P fell -12% in one day.

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@ROIChristie

Ch®️istie 📈

6 years

Roses are red, And I think we all agree: Past performance doesn’t indicate future returns, and Cash rules everything around me 📈

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@ROIChristie

Ch®️istie 📈

4 years

Real talk. I hate to admit it but I'm human, and I'm totally burnt out.

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Ch®️istie 📈

3 years

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@ROIChristie

Ch®️istie 📈

4 years

As the old saying goes, "don't fight the Fed or /r/wallstreetbets"

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@ROIChristie

Ch®️istie 📈

3 years

You’d think by age 245, we’d have an emergency fund with a month or two of living expenses saved up…

@TheInsiderPaper

Insider Paper

@TheInsiderPaper

3 years

BREAKING NEWS 🚨 Treasury Secretary Janet Yellen estimates that US government will run out of money on December 15

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@ROIChristie

Ch®️istie 📈

5 years

Risk is not volatility. Risk is permanent loss of capital.

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@ROIChristie

Ch®️istie 📈

3 years

Deleting my dating apps bc I want to fall in love the old fashioned way (hiding out from bounty hunters in an asteroid field after escaping the Empire’s attack on the rebel alliance base I commanded, in a galaxy far, far away)

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@ROIChristie

Ch®️istie 📈

3 years

Global financial markets are underpinned by .xls workbooks containing 2nd year analysts’ (*maybe peer reviewed) assumptions.

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Ch®️istie 📈

6 years

Good reminder on selecting the proper chart...

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@ROIChristie

Ch®️istie 📈

5 years

Venture Capital is changing; Cambridge’s new report on this is A+. “ …today’s mkt is not…20yrs ago. Broad-based value creation means success [isn't] limited to a handful of (inaccessible) funds...new & developing funds consistently rank as best performers”

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@ROIChristie

Ch®️istie 📈

4 years

“Great covid beard!!” - no woman ever

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Ch®️istie 📈

4 years

Update call quote of the day: "[our quarantine] is like vegas...we're losing money by the minute, cocktails are acceptable at any hour, and nobody knows what time it is..."

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@ROIChristie

Ch®️istie 📈

1 year

Quick life update…and all because @ltownsend10 followed me on this app 📈

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Ch®️istie 📈

3 years

Nothing is certain in this world except death, taxes, and seeing the typo in line 2 of a really important email 0.54 secs after clicking send

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@ROIChristie

Ch®️istie 📈

4 years

There are thousands of books about achieving extreme productivity, and very few on evaluating and redesigning needlessly toxic / over-demanding corporate cultures

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@ROIChristie

Ch®️istie 📈

3 years

Correcting a person’s grammar on Twitter is so juvenile...but it’s Y’ALL NOT YA’LL

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@ROIChristie

Ch®️istie 📈

5 years

Y’all feel free to compare hedge fund returns to the s&p 500 this month 😉

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@ROIChristie

Ch®️istie 📈

4 years

Me, trying to actually explain market mechanics to people based on 15 years of experience in this space vs. people who listened to a podcast

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@ROIChristie

Ch®️istie 📈

4 years

Overview of Hedge Fund Strategies, a great reminder that “hedge funds” encompasses thousands of funds with different strategies, investable universes, risk tolerances, goals, and roles in a diversified portfolio

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@ROIChristie

Ch®️istie 📈

5 years

This holiday season, I'm thankful that someone once took away my mouse for a month Shortcuts_v2.0

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@ROIChristie

Ch®️istie 📈

5 years

Truths learned about institutional investing, as I enter my 14th year: - It’s not rocket science. - The best investors are thinkers. - Humans are biased. - Incentives matter.

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@ROIChristie

Ch®️istie 📈

6 years

(1/x) Private equity 101: An attempt to provide a more thoughtful review vs. the noise First, the term “private equity” is misused quite a bit on this platform; in this thread, private equity is an umbrella for equity asset class sub-strategies: LBO, growth equity, VC

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@ROIChristie

Ch®️istie 📈

4 years

Aside from diversification, what’s the #1 rule in investing?

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@ROIChristie

Ch®️istie 📈

4 years

“Get rich with concentration; stay rich with capital preservation/ diversification”

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@ROIChristie

Ch®️istie 📈

4 years

Friendly reminder...in the grand scheme of things, it takes so little to appreciate your best people vs what it would cost you to try to replace them.

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@ROIChristie

Ch®️istie 📈

3 years

Meet my new puppy. He needs a good, strong Texas-themed name.

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@ROIChristie

Ch®️istie 📈

3 years

1/n In celebration of the increase in individual investors' stock market participation, a 🧵on conducting basic due diligence (single stock covered first, funds further down). Investing is not rocket science, but process is typically a key ingredient to success LT...

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@ROIChristie

Ch®️istie 📈

3 years

Shoutout to whoever took down Facebook and Instagram and singlehandedly improved global mental health this afternoon 📈

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@ROIChristie

Ch®️istie 📈

4 years

Silver lining: We have a few years before anyone says the words "late in the cycle" again

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@ROIChristie

Ch®️istie 📈

10 months

Life update 💘

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@ROIChristie

Ch®️istie 📈

5 years

Endowment Cliff Notes: Swensen in 5 Slides

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@ROIChristie

Ch®️istie 📈

6 years

Average holding period for domestic public company stocks 60+ months in 1976 7.3 months in 2015 👀

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@ROIChristie

Ch®️istie 📈

3 years

@MorningBrew Not having an opinion on everything.

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@ROIChristie

Ch®️istie 📈

7 months

Another life update, friends. There’s a carried interest joke in here somewhere 😂💙

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@ROIChristie

Ch®️istie 📈

4 years

Majority (now 52%) of 18-29 year olds living with their parent(s) 👀

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Ch®️istie 📈

4 years

👀

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@ROIChristie

Ch®️istie 📈

3 years

My love language is noncorrelated returns

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@ROIChristie

Ch®️istie 📈

4 years

Net new retail / brokerage accounts 2019 v. 2020 👀

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@ROIChristie

Ch®️istie 📈

3 years

just make 85mph+ the Texas state flag 👀

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@ROIChristie

Ch®️istie 📈

3 years

#NewProfilePic

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@ROIChristie

Ch®️istie 📈

6 years

1/ In honor of Monday: A review of key academic research relating to modern portfolio mgmt—the foundation of everything we do—in tweet. In the beginning there was darkness, Harry Markowitz speaks: Portfolio Selection (1952).

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@ROIChristie

Ch®️istie 📈

4 years

The maths on this is 100%—or 30x—completely wrong.

@chamath

Chamath Palihapitiya

4 years

3. In finance language, this means that you are $30 "gross" ($15 of longs + $15 of shorts) but $0 net (+$15 of longs -$15 of shorts). This makes everyone feel good because it feels like you are taking zero risk...but in reality, your $1 is exposed to $30 of risk.

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@ROIChristie

Ch®️istie 📈

5 years

🙏 **Interim for now, but I’m thrilled

@MonocleMan1

Monocle Man

5 years

@ROIChristie , congrats on your elevation to Head of Investments at Children's!

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@ROIChristie

Ch®️istie 📈

4 years

Right now you are traveling at half a million miles per hour around a supermassive blackhole 4,000,000x the mass of the sun. But it may all just be a hologram of a projected 2D reality. Enjoy your weekend. Science. 🤯.

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@ROIChristie

Ch®️istie 📈

4 years

1/x META THREAD of my more thoughtful insights 📌 [i make no promises that they're actually good, but as always, I welcome all additional color, questions, corrections, and dissenting opinions]

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@ROIChristie

Ch®️istie 📈

3 years

Y’all realize it’s possible to show grace and not publicly shame people every single time you feel slighted by someone who behaved poorly or had a bad day, right?

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@ROIChristie

Ch®️istie 📈

4 years

Great advice: treat everyone with respect. Today’s “analyst” is tomorrow’s Chief-level, and people remember how you made them feel...

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@ROIChristie

Ch®️istie 📈

5 years

Success of a new fund co/launch requirs ability to perform three very different functions: (1) analyst, (2) PM, (3) business operator/exec Experienced mgrs often have learned to execute on all 3 flawlessly (or good enough) or have the sense to hire talent where they’re weak

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@lpolovets

Leo Polovets

5 years

@ROIChristie @TheCapitalCamp What are the most common mistakes you've seen among first-time managers vs. experienced managers?

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@ROIChristie

Ch®️istie 📈

2 years

@nathaliejacoby1 Ticketmaster.

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Ch®️istie 📈

4 years

In investment partners, as in life, character matters 📈

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@ROIChristie

Ch®️istie 📈

5 years

I don’t always buy concert tickets, but when I do I fantasize about putting Ticketmaster out of business.

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@ROIChristie

Ch®️istie 📈

3 years

I may not look like a typical CIO, but I hope to help change that 📈

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Ch®️istie 📈

4 years

Thoughts 24hrs in...crypto twitter is basically if your super-smart finance bro boyfriend, your weird conspiracy theory uncle, and your friend who 'already found that [cool] band like 6 months ago' had a baby that aggressively slides into your DMs....💕

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@ROIChristie

Ch®️istie 📈

4 years

Setting aside all the weird out there right now, bc my 6 year old just scored her first basket (ever!) in their game today and I’m elated 🏀 What’s ‘going good’ in your world?

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@ROIChristie

Ch®️istie 📈

6 years

Sharing this abbreviated list of basic keyboard shortcuts compiled for a new colleague to help you live your best life👌

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@ROIChristie

Ch®️istie 📈

3 years

It’s not yet 7am, and I’m sitting on a slightly too warm plane in full business professional like nothing ever happened 🎉

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@ROIChristie

Ch®️istie 📈

4 years

Nothing quite like having your child (who ate both breakfast and 2 snacks) start wailing that she's hungry while you're on an intro zoom meeting with a multi-$B hedge fund team 🙈

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@ROIChristie

Ch®️istie 📈

3 years

Some future crypto-based dystopia gets disrupted by VC-backed startup that invents paper currency

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@ROIChristie

Ch®️istie 📈

4 years

@morganhousel a good tax advisor = the single highest ROI contributor

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Ch®️istie 📈

4 years

Hoping 2021 office dress code is amended to include “WFH casual 🤞

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Ch®️istie 📈

3 years

There’s a lot of grift out there; stay skeptical 📈

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Ch®️istie 📈

5 years

1/x I haven’t threaded in a while so let’s talk about: where I found that super cool chart, cartoon, &etc…aka a non-exhaustive list of links to my favorite (publicly available) data and research reports

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Ch®️istie 📈

6 years

From the archives: Blackstone Vice Chairman Byron Wien’s 20 Life lessons from his first 80 years (circa 2013)

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Ch®️istie 📈

3 years

Me: Do you remember what country we live in? My 7yr old: Texas? 😌

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Ch®️istie 📈

4 years

1/x Let’s talk about…monetary policy and The Fed * *and central banks, hyperinflation, deflation, debt cycles, rates, bubbles, present-day, negative rates, and other thrilling concepts

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Ch®️istie 📈

3 years

In my opinion, filtering / muting the day to day market noise is still one of the single best investment strategies a long term investor can implement 📈

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Ch®️istie 📈

5 years

Holiday parenting win: Got my 5yr old to eat turkey by telling her it was chicken from the “chicken side of the turkey”

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Ch®️istie 📈

5 years

There is little success where there is little laughter, a thread of all time best investment-related cartoons On investment strategy:

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@ROIChristie

Ch®️istie 📈

3 years

I’ve been looking forward to this book since I pre-ordered ages ago 🤓

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@ROIChristie

Ch®️istie 📈

6 years

“Hedge funds” is not an asset class. HFs are strategies that are alike in fund structure but vary in terms of objective, focus, and asset class. They’re used to build a diversified portfolio, not to collectively beat an arbitrary benchmark in perpetuity.

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@ROIChristie

Ch®️istie 📈

4 years

*quickly muting my line during update call w/venture GP* “[to my 5 year old] do not zip that up...let the cat out of the suitcase RIGHT NOW....” #openLP

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@ROIChristie

Ch®️istie 📈

6 years

JP Morgan’s inaugural Guide to Alternatives is pretty good stuff. Public and private market correlations (10 year) 👀 Link:

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@ROIChristie

Ch®️istie 📈

4 years

There's a serious lack of knowledge re: markets, hedge funds, trading, trading on margin, collateral, prime brokerage, options/derivatives, short selling, rules & regulatory agencies, settlement, exchanges, basic math, open interest, notional values, short v. gamma squeezes...

@1ahmedh1

A Few Things….

4 years

@ROIChristie Did you learn anything?

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@ROIChristie

Ch®️istie 📈

3 years

Just got to celebrate a friend’s huge win. There really is nothing better than watching the people you care about succeed 🙌

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@ROIChristie

Ch®️istie 📈

3 years

Update. I found my cat. 🥲

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@ROIChristie

Ch®️istie 📈

6 years

1 As promised, a thread outlining our team’s internal manager selection process, which has been developed over the years by my boss with input from the team (including myself)

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@ROIChristie

Ch®️istie 📈

4 years

the year is 2029. the token you created as a joke is now the world’s reserve currency. you miss the lolz.

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@ROIChristie

Ch®️istie 📈

4 years

Quiet-ish markets. Bon weekend à tous.

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@ROIChristie

Ch®️istie 📈

4 years

I'm just a girl. Standing in front of your newly reformatted research podcast or video. Asking it to be a paper.

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@ROIChristie

Ch®️istie 📈

5 years

Thank you to everyone who has tweeted in honor of @nonrelatedsense . We were friends and very close in real life, so feeling an enormous sense of loss, guilt and sadness. He was one of the most funny, sweet, intelligent people I’ve ever known and greatly missed. 💔

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@ROIChristie

Ch®️istie 📈

4 years

@ParikPatelCFA @chamath I believe that was actually Warren Buffett quoting Benjamin Graham, sir

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Ch®️istie 📈

4 years

Question for my fixed income / credit people: I like that y’all tend to be a skeptical bunch; what are you most fearful about right now?

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Ch®️istie 📈

6 years

“The current investment landscape is challenging...” - every investment conference panel in the last 10 years

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Ch®️istie 📈

6 years

Enclosed is a simplified view of how pensions impact the long end of the curve. This is not a personal view on bond valuations or recession predictions; it’s me screaming into the abyss of twitter that rules of thumb are not reliable economic indicators

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Ch®️istie 📈

6 years

Let's talk about: your decks. Please don't walk me through every page. Even better if we don't really open it, but if you have one, try to make it institutional quality-ish.

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Ch®️istie 📈

4 years

Successfully moderated a live discussion about monetary policy in the age of COVID without saying ‘unprecedented’...so yeah, not all heroes wear capes ;)

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@ROIChristie

Ch®️istie 📈

4 years

1/x Some see Twitter as risky with an asymmetric (downside) payoff esp for someone ‘like me’. There are tons of people whose life was negatively impacted by their behavior on social media, but... Let’s talk about the benefits of being an allocator on here. A thread.

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Ch®️istie 📈

6 years

Wish I could go back and tell 22 yr old me that business travel is a lot less ‘first class to London and Hong Kong’ and a lot more ‘your flight to Baltimore has been delayed 2 hours, just kidding it’s been canceled’

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Ch®️istie 📈

3 years

That rbf though ❤️ #NewProfilePic

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Ch®️istie 📈

3 years

I don’t think of investments in terms of “good” or “bad,” so much as risk I can live with and risk I cannot

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Ch®️istie 📈

3 years

Fully vaccinated but wearing a mask bc I didn’t feel like putting on makeup 🤷🏻‍♀️

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Ch®️istie 📈

5 years

Shoutout to the awesome men in life, especially: (1) my dad: as a single parent he learned to curl my hair, and he’s now my go-to for advice (2) my ex, an awesome dad & co-parent👌 (3) the gentlemen who supported my success as both mentors and advocates (also friends) ⭐️

@OnclusivePlan

Onclusive Forward Planner

5 years

Tomorrow: International Men's Day (19 Nov)

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Ch®️istie 📈

5 years

“No reason for the Fed to cut rates right now” -Dr. Janet Yellen ( @MonocleMan1 @ROIChristie )

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