JayQue

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JayQue

JayQue

@JayyQueu

Investing @PetRockCapital 百事可乐,千事吉祥,万事如意

LOS PEPES Katılım Nisan 2015
1.2K Takip Edilen654 Takipçiler
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oo@ooxbt·
defi felt safer when timewonderland was handing out 1000000000000% apy
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moneyfetishist
moneyfetishist@moneyfetishist·
I am not going to motivate you because if you need motivation from a stranger on a plane the answer is stay but I will give you the game theory your corporate M&A gig is a repeated game with diminishing marginal returns. year 1 you learn everything. year 2 you refine it. year 3 you are executing pattern recognition. year 4+ you are being paid more to do the same thing with slightly larger numbers. the learning curve flattens but the golden handcuffs tighten because every year the comp goes up and the opportunity cost of leaving gets more painful on paper this is a classic status quo bias trap. the payoff of staying is known and comfortable. the payoff of leaving is uncertain and scary. so you stay not because staying is optimal but because the asymmetry of regret is lopsided. you can imagine regretting the leap. you cannot as easily imagine regretting the years you stayed too long because that regret builds slowly and never hits you in one moment here is where game theory actually helps: in your M&A seat you are playing someone else's game. the firm sets the rules, the deal flow, the comp structure, the promotion timeline. you optimize within their framework. you are a very well-compensated player in a game you did not design. your upside is capped by whatever the partnership or MD economics look like. your downside is protected by a salary. that is the trade owning a local business flips the entire payoff matrix. you design the game. you set the rules. the downside is real and unprotected but the upside is uncapped and compounds in ways a salary never does because you own the equity. a $2M EBITDA business bought at 4x and grown to $3M EBITDA over 3 years is worth $12-15M on exit. no M&A salary trajectory produces that kind of wealth creation in that timeframe unless you are a founding partner the Nash equilibrium of your current situation: you and every other M&A professional are competing for the same promotions, same deal credit, same bonus pool. the competition is fierce because the players are identical. same schools, same skills, same hours. you are in a crowded equilibrium where everyone works 80 hours to stay in the same relative position local business ownership is a different game with different players. the competition is a 62-year-old owner who stopped innovating in 2014 and a 35-year-old who inherited the business and does not want to be there. you walk in with financial sophistication, deal structuring experience, and the ability to read a balance sheet faster than anyone in the room. you are overqualified for the game which is exactly where you want to be. the best strategy in game theory is to play games where your existing skill set gives you an asymmetric advantage over the other players the timing question is about optionality. every year you stay in M&A your financial optionality goes up slightly because you save more. but your operational optionality goes down because you get further from the reality of running anything. the M&A guy who leaves at 28 adapts to operations in 6 months. the one who leaves at 38 has a decade of habits built around delegating to analysts and reviewing decks, and managing a P&L feels foreign in a way it would not have 10 years earlier but again. if you need me to motivate you, stay. the people who actually do this do not need motivation. they need a spreadsheet that shows the math works and then they cannot NOT do it. if you have the spreadsheet and you are still asking strangers for motivation the spreadsheet is not the problem
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ML
ML@c0xswain·
how to reply when someone asks "why is XYZ pumping today?" > there are more buyers than sellers
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JayQue
JayQue@JayyQueu·
我可以杀猪养你的
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JayQue
JayQue@JayyQueu·
if you’re in AI pivot to crypto
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hedgedhog
hedgedhog@hedgedhog7·
bottom not in until people start owing each other money
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kinnif
kinnif@0xkinnif·
gee em
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JayQue retweetledi
*Walter Bloomberg
*Walter Bloomberg@DeItaone·
HEGSETH ON MADURO: “HE FOUND OUT” Defense Secretary Pete Hegseth used blunt language, saying Maduro “f—ed around and found out.”
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JayQue
JayQue@JayyQueu·
STILL DONT KNOWWWWW
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JayQue
JayQue@JayyQueu·
Last chance to DONT KNOWWWWWWWWWWWWW Year End ATHs
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JayQue
JayQue@JayyQueu·
@0xkinnif whats the reason for btc dump today
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kinnif
kinnif@0xkinnif·
One of the fastest ways to dox yourself as a cryptopleb is to ask "what's the reason for the BTC dump today." Its path to ZERO is preordained. On any given day it needs no reasons.
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JayQue
JayQue@JayyQueu·
@CL207 When airline tier list cat
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CL
CL@CL207·
pov you're long GOOG instead of crypto (3rd time ever on emirates 😎)
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Cobie
Cobie@cobie·
when i started building echo 2 years ago, i knew it had 95% chance of failing. to be honest, i couldnt really imagine any other outcome, but i thought at least it may be a noble failure worth attempting. i certainly didn't think echo would be sold to coinbase, but, here we are: today coinbase bought echo for ~$375m. echo will remain a standalone platform under its current brand for now, but we will integrate sonar's public sale product into coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities into coinbase itself. over the years i have chatted to brian a handful of times, and mostly to complain at him honestly. i have always respected how brian would listen to an outsider chat shit at him on the phone and take the feedback seriously. now, instead of complaining, i will have the opportunity try to do the work to make things better. crypto itself has moved on a long way since we started working on echo. i guess partially this is because of the election result. but, i feel energised by a lot of the cool things being built in crypto again: hyperliquid, zcash, stablecoin supercyle, and so on. feels like a good time to be on the field instead of an idiot with a twitter account yapping nonsense. well, i guess i still will be that. anyway, job's not finished. onwards. oh fuck yeah, before i go, the final season of up only (now "unc only" due to our severe old age) will commence when we figure out who the guests should be lol cobber
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JayQue
JayQue@JayyQueu·
DDDDDDONNNNNTTTTTT KNNNNNNOOOOWWWWW
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JayQue
JayQue@JayyQueu·
DONTTTT KNOWWWWWW
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kinnif
kinnif@0xkinnif·
there are less than 5 coins dog is willing to bid and hold throughout the remainder of this market cycle gonna be patient
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JayQue
JayQue@JayyQueu·
@0xkinnif What about the turquoise one
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