WaitInTheCarDonny

period. exclamation! question?

[WaitInTheCarDonny @C_BB7]

@MebFaber Changing Fortunes - Paul Volcker and Toyoo Gyohten

[WaitInTheCarDonny @C_BB7]

@bennpeifert 2/20 isn't the fee schedule for private credit. Not saying it's cheap (1/10 is more common).

I'm personally more worried about PE than I am PC. At least PC tends to be self-amortizing structures....there's no exits for PE coming anytime soon.

[WaitInTheCarDonny @C_BB7]

@bennpeifert I did due diligence on this back in the early 2010s. I turned off when they said they can give me any alpha target I want.

[WaitInTheCarDonny @C_BB7]

@bennpeifert I bring this up every time I present capital market assumptions to boards. The only market where some measure of going-in-yield actually is predictive of future returns is default-free bonds (assuming duration remains similar over the horizon). Can be mathematically proven.

[WaitInTheCarDonny @C_BB7]

@WorldWideWob This is just in-season playoff basketball folks

[WaitInTheCarDonny @C_BB7]

@saxena_puru Top 2000 is not the Russell 2000. This graphic shows the issue increases as market cap decreases.

[WaitInTheCarDonny @C_BB7]

@MebFaber Bridgewater.

[WaitInTheCarDonny @C_BB7]

@JayKapoorNYC 100%. With that much of a tailwind, it's really hard to figure out the signal/noise split as to their skill.

[WaitInTheCarDonny @C_BB7]

@bernhardsson Yes, but the hedging only really needs to be done towards the end of an investments life (e.g., year-ish prior to IPO). I work with large scale institutions (e.g., pensions, endowments, etc.) who incorporate this.

[WaitInTheCarDonny @C_BB7]

@CJBsings + a slight change in the rules so he's not at the line 20x a game

[WaitInTheCarDonny @C_BB7]

@bernhardsson @halvarflake Nah, most sophisticated pensions assume everything on both sides of the balance sheet (asset portfolio and liability stream) are stochastic with degrees of variation. The single figure numbers (e.g., 7% expected return) are really only used for actuarial valuation purposes.

[WaitInTheCarDonny @C_BB7]

@DiscraftDG Should have been a Tour Series Punisher!

[mister seas @ChristianBrail]

SERIOUS ANSWERS ONLY: what is a hot dog?

[WaitInTheCarDonny @C_BB7]

Yo, @peacockTV , just make a "watch random The Office episode" app for $0.99/month and it's a win-win for you and society

[WaitInTheCarDonny @C_BB7]

@YouTubeTV I'll cancel in the AM and switch to another provider. This is garbage.

[WaitInTheCarDonny @C_BB7]

@YouTubeTV Work harder.

[WaitInTheCarDonny @C_BB7]

@seanmacdonald 100%. I only found @Joshua_Ariza and Chomp because of you (I only found you because of bike reviews). Now my wife asks why I have a dozen weird shirts and hats in the closet.

[WaitInTheCarDonny @C_BB7]

@Joshua_Ariza @ChompBrand Ordered some more. Please send all commission to @seanmacdonald.

[Dan Le Batard Show with Stugotz @LeBatardShow]

Draymond on that game winner:

[SportsCenter @SportsCenter]

Udonis Haslem checked into his first game of the season.

He was then ejected after just three minutes of game time.