Mork

@fintwit_lurker @MyNameIsK117 He’s growing weed in the basement

Rage. We’re not raging against the machine hard enough. Those extra charges aren’t even for usage it’s for ANOTHER county’s loaned equipment!

@fintwit_lurker @blueprintsmb22 Look around sonny boy not too many older people around

Yup x.com/ethanrkho/stat…

@micsolana When euros act shocked we don’t have more social welfare programs I explain a lot of gov’t spend is blown on bloated salaries of BS jobs/initiaitives just like this

this is not technically a fraud story, because most of the money was blown legally. the problem here is organized labor has reshaped the state government. its purpose now, more than anything else, is to feed them. and that is what it does.

glad we're mainstreaming a conversation on california's rail disaster, as it's the gateway to understanding why america can't build anymore. but the msm is still afraid to spell it out: the purpose was never to build rail, but to buy union votes. in this, the dems succeeded.

@Pigeonomics Certified Unc now. Donuts hit nice on the weekends tho. Proud of you

@BoringBiz_ No shot anyone read al that

I talk about investment banking hours quite often here, and one of the most common questions I receive from non finance folks is why the hours are actually so bad After all, what do you even do for 80 hours per week? Here is some color for those who are interested > Taking a step back, investment bankers are expensive advisors. They do not actually invest any money, despite what the name would suggest. They are in the business of giving advice to CEOs, CFOs and Board Rooms on transformative transactions > What are transformative transactions? Large M&A deals, IPOs, capital raises, restructurings and bankruptcy would be the most common examples. Whenever you hear about a large billion dollar deal on the financial headlines, there is probably an investment banker involved in some shapr or form > Investment bankers are hired for their expertise primarily. CEOs and CFOs focus on the business operations and internal projections. They are not taking companies public everyday or doing M&A deals on a weekly basis. But investment bankers do exactly that, and they are able to charge a small fee to companies for this advice > Investment bankers are also placement agents for securities. When you want to raise capital as Company XYZ, they have a large rolodex of people they know who might be interested in buying your stock. As a banker, your value comes from experience and relationships. > As a senior investment banker, your job mostly revolves around building relationships with these CEOs, CFOs and investors. That is how you win business. If you can sell yourself and your firm better than others, you get to charge a 3% fee on a mega billion dollar transaction. That is worth another house in the Hamptons and your kids' private school paid for. That is the incentive for working > As a junior investment banker, the story is slightly different. You job has barely anything to do with relationship building. Analysts and associates are expected to be deep in excel and powerpoint, churning out analysis on behalf of your seniors to help them win clients > Once a client has been won, you work together with the CFO and their finance team to put together a financial model that helps inform potential investors. You also put together large PowerPoint decks that tell the story of the company to investors. These are often packed with a lot of jargon and data. The goal is simple: help investors get up to speed on the company as fast as possible, so that they can make their decision to invest quickly, and your bank gets paid faster. The faster the deal closes, the less vulnerable you are to random market swings or change in investor sentiment > In the process of getting investors up to speed, you end up doing additional analysis on behalf of your client. The investor might read through your 90 page deck and the model, and send you a follow-up list with 6 pages of questions on the business. They want to understand the KPIs, historical trends, market share, competitive dynamics and spend by customer. As the junior banker, it is your job to help put these together and help the investor in their diligence process > So why do you end working such long hours? First, it is important to know that when investment bankers say they work 80 hours, they are not actually working the full 80 hours. A lot of time is spent in the office waiting for your senior bankers to review your work > Every deliverable in investment banking goes through a layer of review, where every number and detail is scrutinized internally and by your client before it is released to third parties. This means that you can spend your 9-5 working on a deck, and then be sitting around from 6-8 waiting for your VP to finish reviewing your work. Once the VP's edits are made, you will be waiting for your MD to finish reviewing between 9-11. By the time it reaches the client, it is midnight and you are waiting for them to sign off. The next day you wake up, and repeat the same exact process. > This is the primary reason banking hours end up being so bad. The nature of the work is inherently iterative and goes back and forth. More importantly, the work is unpredictable. You do not have a good sense of when requests will come in. Unpredictability freezes your ability to make plans properly with friends or family. You are always "on call". This leads to burnout much more often than just the sheer number of hours alone. > Client service is the cherry on top. Because your senior bankers are in the business of selling advice and expertise, everything becomes an urgent task that "must be" completed right away. The goal is to make yourself look competent to the client, more than anything else. Even when you receive requests at 10 PM, the junior bankers are expected to sacrifice their sleep and finish the work overnight if required. You want to make the client feel like they are the most important client you have. After all, they are only paying you millions of dollars in fees for this service > Last, but not least, it is the people. Banking tends to attract personalities that are incredibly cut throat and take their work far too seriously. There are numerous VPs or MDs in this line of work who are completely okay with ruining your weekends, date nights and holidays for the sake of producing a +0.1% better work product for the client. At least 99% of the time, this has absolutely zero impact on the actual P&L of the bank or whether your bank gets hired for the deal. However, perfectionism runs hard in banking culture. > For some VPs or MDs, they fundamentally believe that this struggle is the right of passage for analysts. They suffered during their analyst years, so why should the new generation not have to do the same? If you work for a bank or group with good culture, you can hopefully avoid some of these personalities. However, you will still end up working long hours because of the unpredictable and iterative nature of the job. There is simply no escaping it.

@Pigeonomics Come on man. Weather raters don’t get flustered by a few seconds of latency

@Tyre_94 My culture is not your costume

Oh yeah I need them

@NYCMayor No one gives a shit about trans people in nyc—there are much more pressing issues to worry about. Everyone is accepted and or ignored at worst. This is a manmade issue created so you and other charlatans can seem relevant. Comical coming from a Muslim.

Today is Trans Day of Visibility. Trans, non-binary, and gender-nonconforming people have always been here — from the hijra of India to the Diné nádleehi to the leaders who built the modern LGBTQIA+ movement here in New York. Your existence is not up for debate. Your lives are not a political issue. We’re fighting for a city where every trans New Yorker can live openly, safely, and with joy.

@micsolana Correct

this stuff is much easier to read when you realize sunny's goal is not to help the kind of normie american woman who listens to her have more children, but to scare her into having none.

"this government is cutting all of the services that would allow people to have families" - first, this is not true. second, people have had families for all of human history without "services." third, every european country with better "services" has fewer children.

@Pigeonomics No notes

@ebitmom Sounds promising

@michaelbrrrrr Last night was just a friends and family orgy not a whole thing. Soft launch. Met a really cool sphinx cat

Just found out my neighbor went to duke bc dude is cheering and clapping so loud every time they score I can hear it across the hall through two closed doors

@Pigeonomics I’m sorry to hear this

@Miscountedcf My take is annoying influencers should pay a permitting fee to use public spaces to film their “content”

Bill ackman on subway takes and the episode is like 18 minutes long and the annoying host can’t get a word in the whole time

@SubwayTakes My take is I’d rather ride the subway with 4 homeless guys and no ac in July than overhear you making one of these dog shit videos

New York City breakfast scene is mid !!

@therealmcnair Driving is fun

@sama It’s beautiful

The first steel beams went up this week at our Michigan Stargate site with Oracle and Related Digital

@arlenparsa Totally helps man. Everyone knows how hard it is to get a bachelors degree in not just business but international business.

AOC graduated with honors from Boston University with double degrees in Economics and International Relations. Markwayne was the only Senator without even a bachelor’s degree. Hope that helps.

The South Kaibab Trail begins with a series of tight switchbacks known as "the Chimney." From the trailhead near Yaki Point, it drops rapidly through the 400 foot (120 m) layer of Kaibab Limestone. This portion of the trail was blasted out of the sheer cliff in 1925. Have you hiked this trail? What’s your best tip or memory? Planning a hike this weekend? The high at Phantom Ranch is expected to reach 92°F Visit go.nps.gov/gc-hkm for: 🔥 Today's Heat risk 🚫 Current Trail Closures 💧 Locations where Water is Available 🌡️ Inner Canyon Weather Forecast #GrandCanyon #Hiking #SpringBreak #Arizona NPS Photo/M. Quinn (8254)

@bottombucketaf Basic ahhhhh yeah ok they’re nice

Me to every tweet that contains pictures of the cherry blossoms