if youre a white woman and cant get a $200k job you must be retarded. sorry not sorry. tech, finance firms thirsting over female hires like incels these days. just have a room temp IQ and be personable and youll get offers thrown at you.
I feel like the most undervalued trade right now is Jewish girls. Feel like it’s gonna be like shooting fish in a barrel if you go to nyc tinder with the tagline “free Israel”. One of y’all single psychos should A/B test this niche down strat
working with some private equity guys on a couple deals lately and its SUPER frustrating how these guys work v public mkts. Get bogged down by all sorts of idiotic details that dont matter at certain valuations. must be TONNES of useless work in PE, IB+consulting v2.0
This is a checklist for what business analysis chumps like me should avoid. Private, illiquid, not amenable to modelling. That’s why I trade in real estate and artwork. The competition is retarded, so I fit in.
We’re excited to announce the upcoming release of a new video course, “How to Think About Risk with Howard Marks.” The series will be available on Oaktree’s website and YouTube channel on September 12.
Preview the introduction here:
This roaring kitty guy really making me feel like such a fucking loser. Here I am with my stupid Bloomberg and billions in aum to manage but not even a billionaire.
Everytime i see one of Ray Dalios inane moronic posts/emails I feel really good knowing that if this bozo can hold onto $125b AuM for not performing, then why not me too?
Researching a stock for 1.5 months now. The greatest things are hidden. At first I thought 100% upside possible but I was’t sure. Now I think 500% upside possible and still trying to weight probabilities. The difference between putting 5% pft into 20% and ultimate wealth maker.
Never understood the idiotic thesis of “we sell shovels to the gold miners who are in a bubble”. What do you think happened to the picks and shovels during the bust? Dont see why you wouldn’t just own the direct thing instead of second order (other than to say “I’m smart”)
@iononrecourse
Family offices exist to gainfully employee useless kids. If you don’t even have your kids working there then what in fresh hell are you thinking
Exhibit 1000: guy who did well in the last regime and hasn’t made alpha since 2020 onwards when it changed. Lots of track records like this. Myself included. Just hasn’t been the same past few years and I suspect the games changed for good.
Dunno if he’s a good investor anymore but this guy fucks. Thought he was really smart relative to many other talking heads.
Maybe he’s the smart mans bullshitter, but loved it
@runaway_vol
they ask obscenely detailed questions even at valuations where what you need to underwrrite is just risk/downside. Bruh at a 15-20% fcfe yield why are you obsessing over the plant capacity and optimizing lines to add volume.
Greatest life hack if you want to retire in a first world country is to learn Japanese. They’re legit just poor vs Americans so your money goes far. But language is a big hurdle
I see it’s time to dick ride Paul Graham crap again. 9/10 “founder mode” is some dude running an unprofitable shitco that fails. 1/10 at best is Steve jobs. Founder mode by the odds is just fail mode. Tech bros are unbearable clowns.
How do you go from $10m to $100m within 2-3 decades? Whats the best risk adjusted ways? Serious question.
@turtlebay_io
@John_Hempton
other rich ppl / historians ?
I hate when ppl say they’re leaving their job for “another adventure”. Nah bro you’re not going up a mountain in katmandu, you’re just doing fake email work down the street again.
This guy blocked me and is a clown at times, but this is such a great article that applies to investing. How to develop good taste: start with an aesthetic, taste is a language, think of the whole package, rely on people, buy and experiment.
“Let your eyes look straight ahead; fix your gaze directly before you. Give careful thought to the paths for your feet and be steadfast in all your ways” Proverbs 4:25-26
Really important misconception. You improve slugging average by cutting losers faster (risk mgmt) not by taking on more risk. You improve batting average by avoiding expensive trash. Invert. Also, don’t listen to me the sp500 is better.
@carrynointerest
What matters depends on the valuation. At 15% fcf yield on a recurring biz with only a turn of debt you need to underwrite a lot less than at 15x ebitda with 5x leverage. The capital stack, valuation, revenue model, concentration, and mgmt by and large are 80% of what matters
Paris Olympic s opening sequence is chaotic hot trash. That combined with the cardboard beds and lack of AC truly a sign of europoor becoming a third world museum. Makes me want to short the whole continent
taken me more than a decade doing this but only gotten more impressed over time by buffdog. Lots of folks, me included, can beat mkts when their style is in favor. But to do it by that much and for so long is unreal. Best we can hope for is invest alongside guys like him
Warren Buffett traded options, used leverage, shorted stocks, got in & out of turnarounds before he was managing billions & that's what got him 30% annualized back then.
I'm not saying you should do the same, but it's equally important to study the younger Buffett (which most of
@lindynap
women who come back to the workplace after a baby are ESPECIALLY toxic. they go into mean girls im gonna grind hard at my pointless email job mode. insufferable make-workers.
Guys. Can we stop calling anything finance ppl do “engineering” and ban the word “arbitrage”. Let’s just keep it simple. “We use lots of debt, cut costs to the bone, and put lipstick on a pig before resale” instead of muh EnGinEerIng ArbiTrageUr
During the first two phases of private equity, returns were primarily generated from financial engineering. The future will be operational engineering.
Phase I: PE returns were primarily generated from financial engineering. The market was inefficient, with an unregulated debt
Too bad you can do mental gymnastics to convince yourself any business meets this criteria. I bet he would have argued these held true for valeant before it blew up
Notes from
@BillAckman
's fireside chat in Omaha:
People Underestimate the Power of Checklists
- Pershing Square had the best 6 years of its history since they inscribed their checklist into a piece of "stone"
- "If I ever veer [off this checklist] just hit me over the head
Im sorry but I read the conviction of Trump in detail and it’s basically sketchy bookkeeping that becomes a crime cause it’s in the vicinity of an election. No conservative is not gonna vote for him based on this.
As supposed investors amazing how few candidates ask firms they’re recruiting for the most basic questions like what’s organic growth (net flows) and client mix…if you have any industry analysis brains it’s a red flag to be working in public equity lol
LOL history remembers the winners. interview I found with a close friend of Warren lays out the real story behind Sees. Turns out the quality / brand / pricing power thesis was from some guy that worked for Charlie, a petroleum engineer lol.
@turtlebay_io
Tell me you’ve never raised even 1 kid and have never been on a farm either. Imagine raising 6 kids on a farm LOL. Fucking hardest work you’ll ever do. Won’t have time to take Twitter breaks you’ll be knee deep in cow and baby shit
So you're telling me you don't wanna get married, have 6 kids, move to the country, buy a homestead, get baby cows, grow our own food, drink raw milk all day and live happily ever after?
America is the greatest country on earth and it’s not even close. Space, AI, biotech/mrna. Europe should just be converted to a museum immediately after today.