bridge

@TheStalwart Buy one of these: sperti.com/product/sperti…

The cold weather in NYC is starting to seriously drag me down, and the only thing keeping me going right is the knowledge that we only have another two months of it. Just gotta keep reminding myself of that.

@Romy_Holland Maybe try crib risers on one side to rule out reflux

the sleep situation has devolved into a nightmare over here. baby was up every 15-30 minutes most of the night. fiancé slept 3 hours total. we’re starting sleep training today and my first pass was fine. baby fussed for a few min while i stood beside him offering comfort (with no apparent impact), and then after he escalated to real crying i picked him up and got him nice and calm and then put him back down and he just fell asleep on his own. i’m bracing myself for it to be a lot harder than this, but im also hopeful we might get our lives back and stop spending hours and hours per day managing sleep and maybe MAYBE we can get down to one wake up per night.

@freakbargeekbar rollsafe.org or rollkit.net has the supplements you need

Mdma is fucking awesome but I can't stand the suicidal crashout for the next 3 days

@ZyMazza save your soul with karmic liability management exercise

The existence of karmic debt implies the existence of karmic credit and karmic default swaps

@blondesnmoney @BoringBiz_ he did say "dollars"

@BoringBiz_ volume is 35 contracts (2 bucks)

Zohran Mamdani cannot legally be a Presidential Nominee since he was not born in America You can buy dollars for $0.96c

@its_GOP They were just drawn to investing at a young age

@resetbasis ah yes the cherished de-mium

I have great news. A career milestone that I’m excited to share with all of you. Something I’d dreamed of, but thought would always evade me. Today, I submitted an LOI with a negative purchase price. Thanks to all who have supported me on this journey.

@BowTiedBroke ICL is more expensive but lower risk because not cutting away at your cornea, just implanting a lens which can be removed

I need some advice. I’m about to turn 50 and my vision seems to be getting worse. Okay, it doesn’t “seem” to be, it is! Has anyone had LASIK surgery or the ICL surgery? At my age, how often do you need to redo it if at all? Does your vision decline after the surgery naturally?

@Rebrand_As_Y Thanks man I needed to read that. Not now but gotta cut the treadmill off sooner

@HandlerRich makes a good tweet though!

Got to love succinct smug anonymous day traders who think in hours (w immediate hindsight) versus using real experience and facts to try to assess the big picture.

@netcapgirl My first motorcycle lesson the incredibly talented instructor rated his skill a 6/10. Stuck with me. Shit about fuck vibes.

i think i’m the rare person who’s read almost all of these and still doesn’t know shit

@netcapgirl v niche. well done

ik investors tend to like capital light models, but capital intensity isn’t inherently bad. in fact, it can even be a moat in the right scenarios. let’s walk through 3 years of projected spend and see if that gets us to the next milestone

@its_GOP This is the way. 30s and beyond on easy mode

@carrynointerest Love berating our companies to use theirs and then never use ours lol

PEOPLE OF PRIVATE EQUITY: How rabidly do you maintain your CRM? Are you insane about it? Do you update it constantly? Does your EA? On a scale from 1-3 how seriously do you take your CRM?

@TMobileHelp thanks for porting my # over from VZ and then asking to text my now non existent number for a pin 😡

@carrynointerest LMM PE fundraising is a meat grinder rn

SO YOU WANT TO START A PE FUND? This is a fascinating moment in PE land. We have fundraising dropping, dry powder soaring, and interest rates elevated. 2023 is officially in the BOOKS and data is coming out. Mckinsey and E&Y have each published some research recently on the state of private equity. It highlights how the industry is doing, and how hard it is to raise a fund right now (spoiler alert: very hard for newbies). First, let's start with fundraising. Well, anon, if you worked for a large fund, you had a wonderful year! There was a flight to safety in private equity; even though 2023 was somehow a banner year for PE fundraising, new managers got hosed. Fundraising concentration soared, with the top 25 fundraisers securing 41% of all commitments. This trend towards the largest fund managers reflects investors' preference for established names and larger funds. Less than 1700 funds with <1b aum closed this year: this was half(!!!) as many as 2022, and the lowest since 2012! New manager formation also fell to the lowest levels since ~2012, with only 600 firms launched in 2023. For whatever reason that still seems high to me but what do I know? "BUT MAYBE IT'LL GET BETTER? I'M ONLY SWEATING OUT THIS PE SHOP IN DES MOINES TO START MY OWN THING!" an anon principal might say! Unlikely. Why? We have some numerator effect stuff going on with LPs. Despite a 7% growth in the US's largest retirement funds in 2023, many investors remain overexposed to private markets, with allocations in private equity, infrastructure, and real estate at or above target levels at the year's start. This overallocation, coupled with rising net asset values due to a lack of exits and increasing valuations, could potentially reduce future commitments by 10-12% annually for over five years. However, surveys show that investors are still largely committed to private markets, planning to maintain or increase their allocations in the medium to long term. Anyway, let's get into one of the more fascinating parts of the current environment: Dry Powder! Private market assets surged to $13.1 trillion by mid-2023, with an annual growth rate of nearly 20% since 2018, and dry powder reserves climbed to $3.7 trillion for the ninth straight year. The dry powder inventory, indicating the capital available for general partners relative to annual investments, increased to 1.6 years in 2023 from 0.9 years in 2021, as new commitments surpassed deal activities. This growth in net asset value is attributed mainly to managers' hesitation to exit positions in a challenging valuation landscape. So let's think about this environment: we have fundraising dropping in LMM land, we have lots of dry powder, and we have high interest rates? I think that prices for LMM assets will decline *slightly* but a LOT of money has to get spent. Even with elevated interest rates, that capital has to be deployed so I wouldn't be waiting for the shoe to drop in LMM land. We saw signs of this in 2023's entry multiples data. PE buyout entry multiples declined by roughly one turn from 11.9 to 11.0 times EBITDA, slightly outpacing the decline in public market multiples (down from 12.1 to 11.3 times EBITDA), through the first nine months of 2023. So what happens next? I'm not sure! 2024 will be interesting to watch. I know one thing: 2024 is probably not the year to spend 4 months fund raising your brand new PE fund.

@netcapgirl Banger

roses are red flowers come in arrangements how does an additional $10 of depreciation affect the 3 financial statements

@netcapgirl Start with chemicals suppliers

in advance of trillions of dollars flowing into the semiconductor industry, i’m going to raise an spv to roll up as much of the semicap supply chain as possible (for context, asml alone has 5k suppliers) w the goal of becoming a mission critical component supplier to the industry

@jeremygiffon lol produce companies are terrible businesses and center-aisle trades for teens+

Pondering the notion that the average profit margin of the food you eat probably tracks to your body fat percentage

@turtledrum13 @mhp_guy Loaded with PFAS to prevent them from melting. Worse than plastic.

@mhp_guy What’s your opinion on paper straws?

Microplastics are killing us, and everyone is chill with it. Testosterone & sperm counts are at record lows, we eat a credit card per week & 1 in 42 kids have autism. Hmm...maybe eating plastic isn't helping? This year my family took the following 6 steps to combat this: 1. We got a stainless steel Berkey Water Filter. It's not perfect, but it's a ton better than tap water. There's also strong evidence that links chemicals in water to a host of issues. The closer you live to the mouth of a major river, the fatter you are. It's where the farm and factory runoff is most condensed. Look it up! We replaced the plastic nozzle with a metal one and we fill it with a glass pitcher, because why not? The knockoffs are cheaper but I was hesitant about the quality. (not sponsored) 2. We threw out all plastic cups, tumblers and tupperware. The kids drink from 8oz metal magnetic cups like these now: 3. We try to only buy clothes with natural fibers now. Microplastics can enter the bloodstream from your polyester and nylon clothes. The more you wash them, the more the fibers are released, and the more you'll breathe them. 4. We only make ice from filtered water from our Berkey. Yep, our ice nugget freezer has plastic in it. Still working on that part. We don't drink a lot of ice. 5. We've done this for a while, but we never ever heat up food in plastic or styrofoam. 6. We don't drink from disposable plastic water bottles unless necessary. These are proven to be terrible for ingesting microplastics. We aren't health freaks by any means, but I'd like for my kids to be healthy. I'm bracing for the "but what about..." snarky comments. The above is the 80/20, you can get a lot more intense if you want. A whole home filtration system is next up. Worst case? I wasted $700 on water stuff. Best case? My kids avoid cancer, infertility or a crappier life. It's an asymmetric bet. I'd love any suggestions if you have them and I hope this helps someone.