Golden handcuffed to high finance against my will
Joined December 2024
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This is like a local Walmart trying to hire Jamie Dimon as a store manager
U.S. Soccer is expected to make Pep Guardiola a top target to become the next USMNT head coach if Mauricio Pochettino leaves for Manchester United, per @TheAthletic, @PaulTenorio, @HenryBushnell and @tombogert
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Me as an Nvidia bag holder today:
Breaking: Nvidia’s board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy. on.wsj.com/4jcpr01
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I think we’ve reached a point where even middle market PE is oversaturated. There’s more dry powder out there than ever in recorded history. Everyone’s seeing and chasing the same deals. The promotion path is extremely crowded and the pyramid is sharp. The marginal alpha in the asset class as a whole has rapidly deteriorated over the past two decades. Carry after LP hurdle rates is far from a guarantee.
Here's why LMM PE can be a better choice than a large fund:
> At Mega Funds, you are competing with the best of the best to make VP. If you do make it, then you're back to square one competing to get Director/Principal, then MD, then Partner
> Lifestyle absolutely blows at MFs
> Some firms are in lower cost of living locations (pros and cons, depending on what you're looking for)
> Often more room for promotion in growing firms
> WLB better but so is the risk adjusted TC when factoring in getting promoted, fund performance, etc.
From my view though, he could be joining the LMM fund a little late. If performance stalls out he could be really hurting his career.
My key takeaway here is that she is really not very polished when speaking off the cuff. She is nowhere close to ready for a presidential campaign.
AOC says Nvidia spy scandal shows danger of billionaires having too much power.
🎥: @hicharliecotton
One problem with this is that actual working class New Yorkers HATE socialism…
DSA admits it's too white as group mulls 'anti-oppression' taskforce to recruit real working-class New Yorkers trib.al/Qpxilpd
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.@CIA FYI You could probably break any terrorist in Guantanamo by making them listen to this audiobook for 30 min
Holy shit I’ve predicted the future twice this week @Investor_NICK_
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Philip Morris: Cigarettes are a healthier plant-based alternative to vaping
Gen Z fueling tobacco sales as wild claims cigarettes are 'healthier' than vaping go viral: 'plant-based alternative' trib.al/tsOeuG2
Readers added context they thought people might want to know
Cigarette volumes in the US continue declining (offset only by price hikes) and youth use is at historic lows per federal data; company growth is driven by smoke-free products, not traditional cigarettes or Gen Z anecdotes.
fda.gov/tobacco-produc…
tobaccoinsider.com/usa-cigarette-…
pmi.com/our-progress
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Second order effect of this: 50% of Americans lose access to credit and the consumer economy collapses
