GoodbyeFinancialAdvisor

@IlliquidInsight Junior people can’t even see what’s right in front of them. Even though it may look like I’m working less, I’m working more and output is 10x at least with minimal fan fare.

Biggest myth in finance: it gets easier after analyst years VPs and MDs work just as hard. But more travel and sales, less decks and models.

@stoolpresidente Reached for high beta at the bottom.

HOLY SHIT!!!!! DUKE CHOKES AGAIN!!!

@stoolpresidente Not financial advice but this might be my favorite ticket of all time. Go Blue.

This tournament is wide open. It wouldn’t shock me to see any of these 4 teams cut down the nets in Indy Michigan Arizona UConn Duke I don’t think UConn is as good as the other 3 but you can’t ignore the Huskies in the tourney. They are everything Sweet 16 Tommy thinks he is.

@negligible_cap The underlying fund assets are first lien secured loans with multi year maturity profile, do investors not know what they are investing in? This isn’t a vehicle where you should expect quarterly liquidity or even want it

*APOLLO CAPS PRIVATE CREDIT FUND WITHDRAWALS AS REQUESTS HIT 11% *APOLLO DEBT SOLUTIONS WITHDRAWALS CAPPED AT 5% NEXT QUARTER TOO Apollo Debt Solutions is a $25B private $APO BDC that saw over 11% redemption requests.

@nypost Free markets are a beautiful thing.

Manhattan median rent soars to 'all-time high' of $5,000 as experts warn it will only get worse trib.al/p498vwY

@shaguncrypto Where on earth is that guy buying a house? Straight of Hormuz?

A guy is 30. He has: • $110k in a 401k • $70k Bitcoin • $25k in cash He’s thinking of buying a house first. What would you tell him?

@davidonchainx A savings account yielding 12%? Anything yielding 12% in this market has a 50/50 chance of bankruptcy in 6 months

How to escape the matrix (easy): - Make $600,000 - Put it in a savings account with 12% interest - Earn $72,000/year in passive income - Travel the world and enjoy life What's holding you back?

@MarceloLima Someone ask Thoma Bravo how that went for their 2021 vintage deals

"There are very few companies I couldn't go in and knock off 30% of costs. Just costs of waste. Just waste." — Carl Icahn (2008) Remember this next time you hear a RIF is "because of AI"

@DownsideCase Well said. People an inch deep jumping head first into a narrative.

Lot of people on this site commenting on private credit who clearly are not actually in the market. Makes me wonder about other topics I’ve followed where I think I’m getting quality intel but actually could just be tourist talk. Think there’s a term for this but can’t place it

If you allocated funds to a private credit fund that has underlying exposure to weak assets that are structurally impaired due to AI with technological obsolescence then yes you should be concerned. But if not, and the portfolio is strong receiving largely cash pay interest from underlying borrowers, then there’s nothing to worry about.

BREAKING: Apollo Global Management will value private credit daily in an answer to critics. Apollo has long argued that the noise in the space is overblown and the firm is confident in its disciplined underwriting.

@HighyieldHarry How about equities which are subordinated to private credit claims or high yield or CLOs which have Swiss cheese credit docs?

I'm still scratching my head a bit at how the fintwit narrative is Private Credit is all going to zero but somehow Private Equity problems aren't getting mentioned at all.

@PedroMayCare It’s okay though because they are taking withdrawals and then buying upside calls.

It annoys me when people act like taking money out of a 401k is the worst thing you could do.

@SullyCNBC How about now?

$91 --> $120 --> $95 for #oil in 18 hours is one for the record books.

@IlliquidInsight But if you’re short private credit then you must hate stocks, high-yield and PE? So are you withdrawing and putting money under mattress to be lost via inflation?

Private credit redemption requests have tripled in 6 months. Investors are heading for the exit. Fundraising will be much harder for years to come.

@PeterSchiff Probably nothing

Oil is over $106 per barrel. That's better than a 90% increase so far in 2026. Does anything else think this is going to be a problem?

Is crazy how narrative on this has grabbed hold, really tells you not a lot to complain about in global macro if general public can be this puzzled about some very minor private credit stress. Do folks not realize that if regular way corporate private credit goes bust then everyone’s 401ks are down 50-70%?

This is a reminder that while everyone is focused on Blackstones and Blue Owls that lend to the strongest companies m, there is a whole universe of smaller PCs that lend to companies in the lower part of the K-shaped economy, with 9%+ defaults.

@tracyalloway Relax, markets move and thus so do marks.

BlackRock slashes another private credit loan to zero. Three months ago it was valued at 100 cents on the dollar:

@DudeWhoInvests It’s already gone nuts. Is more a sell the news type event for an asset that looks like a meme coin if you zoom out.

Alright… this makes no sense. WHY is SILVER crashing with global instability? Give me an explanation.

@tyillc Technically if the debt is impaired, the equity value would be little to none (trading at some option value).

When a private credit firm writes down the value of a loan to a leverage buyout, doesn't this mean the value of the equity is zero? So when KKR writes down a private credit loan does it also write off the underlying private equity investment?

@EndWokeness It’s crazy to think as a NYer that at least for once I see my tax dollars actually working for me.

14 city workers to clear a pile of snow in NY. $30/45 an hour per person. All tax funded.