Coromandel Rob

Dad, Husband, specialty finance/fintech lending @CoromandelCap. DM to collaborate. My views, retweets🚫endorsement. ex @CreditSuisse @MoodysInvSvc 🇺🇸🇳🇿

[Coromandel Rob @CoromandelRob]

1/5 Who is @CoromandelCap? An asset-based lender (e.g. royalties, crypto, unsecured/secured consumer/business, SaaS, etc.) providing lines of credit to fintech/specialty finance Co's that've raised a Seed to Series B. If there is an asset to attach to and value, we can fund it!

[Coromandel Rob @CoromandelRob]

@RBReich

[Yogi @Houseofyogi]

Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren

She must be so proud to add another casket to her achievements.

Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service.

JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes.

The combined company would have held 9% of the US market against a Big 4 that already owned 80%.

For anyone who understands numbers: 9% isn’t a monopoly against 80%.

Warren said no.

She wrote letters. She pressured Buttigieg. Biden’s DOJ sued. A federal judge killed the deal in January 2024.

Her argument: the merger would cost consumers $1 billion a year.

Now look at her collateral damage she dusts under the rug.

510 pilots gone in the months after. 1,800 flight attendants furloughed in December.

14,000 jobs in 2023. 7,500 last week. Zero tonight.

And that’s just the people in Spirit uniforms.

Catering goes. Fuel guys go. Baggage crews, gate agents, airport coffee shops, hotels and rental cars in 70 cities Spirit flew to. Every airline job carries 3 more on its back.

40,000 people out of work because of one woman’s moronic crusade against the market.

And the math ain’t mathing.

Spirit abandoned 90 routes during the death spiral. Fares on those routes are up 14% on average. Oakland to Newark: $135 to $288. Fort Myers to San Juan: $92 to $219. Kansas City to Newark up 66%.

That’s reality. Not some BS number from a “study.”

So @SenWarren tell me how this saves the consumer money?

Cheap carriers in a market drop fares 21% across the board. Southwest did this in the 90s and saved Americans $68 BILLION over 20 years.

Warren killed it. That’s what moronic politicians led by socialism do.

Then with her own blind arrogance, she tweeted Spirit’s collapse is “a Biden win for flyers.”

A win.

14,000 people are reading termination letters tonight.

And she’s taking credit.

This is socialism in 2026.

A senator who’s never made payroll thinks she knows how to run a market better than the people who own and work in the company.

She saved you a billion on imaginary paper.

She cost you ten times that in real life.

She didn’t protect consumers from anything.

14,000+ will go from working to welfare.

She will make sure to blame billionaires, hardworking tax payers, AI, capitalism and whatever monster they will make up tomorrow hiding under your bed.

Higher taxes. Fewer jobs. More expensive everything.

She called it a win. I hope you enjoy winning.

[Brivael Le Pogam @brivael]

Hello Julia, sans aucune ironie, c'est top que tu prennes le temps de te renseigner. Mais le problème quand on lit Marx aujourd'hui, c'est qu'on prend pour acquis sa prémisse de départ, alors qu'elle a été démontée scientifiquement il y a plus de 150 ans.

Toute la pensée de Marx repose sur la théorie de la valeur-travail. L'idée que la valeur d'un bien vient de la quantité de travail nécessaire pour le produire. Si tu acceptes cette prémisse, alors oui, tout son raisonnement tient. Le capitaliste "vole" la plus-value du travailleur, l'exploitation est mathématique, la révolution est inévitable.

Sauf qu'en 1871, trois économistes (Menger en Autriche, Jevons en Angleterre, Walras en Suisse) découvrent indépendamment la même chose : la valeur n'est pas objective, elle est subjective et marginale.

Un verre d'eau dans le désert vaut une fortune. Le même verre à côté d'une rivière ne vaut rien. Le travail incorporé est identique. Donc le travail ne détermine pas la valeur. C'est le consommateur qui valorise un bien selon son utilité marginale dans un contexte donné.

Exemple concret : tu peux passer 1000 heures à tricoter un pull moche que personne ne veut. Selon Marx, ce pull a énormément de valeur (beaucoup de travail incorporé). Selon la réalité, il ne vaut rien. Parce que personne n'en veut.

À l'inverse, Bernard Arnault crée des milliards de valeur non pas parce qu'il "exploite" mais parce qu'il a su anticiper et organiser des désirs humains à grande échelle. La valeur est créée par la coordination, pas extraite par le vol.

Cette découverte (la révolution marginaliste) a invalidé tout l'édifice marxiste. Pas pour des raisons idéologiques, pour des raisons scientifiques. C'est pour ça que plus aucun département d'économie sérieux au monde n'enseigne Marx comme un cadre d'analyse valide. On l'enseigne en histoire de la pensée.

Maintenant, le truc important. Si ton intention en lisant Marx c'est d'aider les pauvres (c'est une intention noble), alors tu vas être surprise par ce qui suit.

Regarde les chiffres de la Banque mondiale. En 1820, 90% de l'humanité vivait dans l'extrême pauvreté. Aujourd'hui, moins de 9%. Cette chute historique ne s'est PAS produite dans les pays qui ont appliqué Marx. Elle s'est produite dans les pays qui ont libéralisé leur économie.

Chine post-1978, Vietnam post-1986, Inde post-1991, Pologne post-1989. À chaque fois qu'un pays libéralise, des centaines de millions de gens sortent de la pauvreté en une génération. À chaque fois qu'un pays applique Marx (URSS, Cambodge, Corée du Nord, Venezuela), c'est la famine et les goulags.

Ce n'est pas une opinion, c'est l'expérience la plus massive jamais menée en sciences sociales. Plusieurs milliards de cobayes humains, sur un siècle.

Donc paradoxalement, si tu aimes vraiment les pauvres, la position la plus cohérente n'est pas d'être marxiste. C'est d'être pour la liberté économique. Parce que c'est empiriquement la seule chose qui a jamais sorti massivement les gens de la misère.

Pour creuser, je te recommande trois lectures qui vont changer ta vision :

"La Loi" de Frédéric Bastiat (court, lumineux, gratuit en ligne)
"La Route de la Servitude" de Hayek
"Économie en une leçon" de Henry Hazlitt
Bonne lecture, et vraiment chapeau de chercher à comprendre plutôt que de rester dans tes certitudes. C'est rare.

[Reads with Ravi @readswithravi]

Marcus Aurelius wrote this over 1800 years ago:

“If it’s endurable, then endure it. Stop complaining.”

[Suneel Dhand MD @DrSuneelDhand]

This is the best bit of life advice that you will read today

[Christian Ruf @pinpulleddrmf]

Veteran buried his eldest and it’s not looking good for his two others.

Posting for any connections, help that can be made while they fight for time.

[Coromandel Rob @CoromandelRob]

@theobjectivist @BernieSanders Imagine thinking that Citigroup employed more people than the city of Burlington. Do better.

[Coromandel Rob @CoromandelRob]

@MacroAlphaHQ @zerohedge

[Coromandel Rob @CoromandelRob]

@BernieSanders @grok What was Bernie Sanders net worth: 1) before political office; and 2) currently. Numbers only, brevity is appreciated.

[Reads with Ravi @readswithravi]

I’m in love with this sentence:

“Don't let someone ruin your peace just because they can't find theirs.”

[David Senra @davidsenra]

How @elonmusk thinks about money:

“Elon would always be at work on Sunday, and we had some chats where he laid out his philosophy.

He would say that everything we did was a function of our burn rate and that we were burning through a hundred thousand dollars per day.

It was this very entrepreneurial, Silicon Valley way of thinking that none of the aerospace engineers in Los Angeles were dialed into.

Sometimes he wouldn’t let you buy a part for $2,000 because he expected you to find it cheaper or invent something cheaper.

Other times, he wouldn’t flinch at renting a plane for $90,000 to get something to Kwaj because it saved an entire workday, so it was worth it.

He would place this urgency that he expected the revenue in ten years to be ten million dollars a day and that every day we were slower to achieve our goals was a day of missing out on that money.”

[Vala Afshar @ValaAfshar]

“The future belongs to the consistent. Not the talented. Not the lucky.

But the ones who show up, even when it is hard. Show up. Effort does not betray you.”

[Tim Tebow @TimTebow]

You have more influence than you think. Are you stewarding it?

Most people are waiting for a bigger platform before they start being intentional about their influence. But the truth is you already have one.

In your home, your workplace, your relationships. The question was never whether you have influence.

It's whether you're being a good steward of what you've already been given.

[Dr. Julie Gurner @drgurner]

“A shark in a fish tank will grow 8 inches, but in the ocean, that same shark would grow over 8 feet.”

Environment can stunt you.

You probably know you can be bigger than your current tank.
Look around and position for growth...

[Bear Grylls OBE @BearGrylls]

Fear doesn't shrink when you wait it out. It grows. Every time I've walked towards the thing that scared me, it got smaller. Every time I avoided it, it grew bigger. Move towards it. Even an inch at a time.

[Blake Burge @blakeaburge]

A friend of mine used to say: “Show up on time, with a good attitude, and do what you said you’d do. That’s it. That’s 90% of winning in life." The older I get, the more I realize just how right he was.

[Benji Taylor @benjitaylor]

“I’ll figure it out” has gotten me further than any plan I’ve ever made

[junkbondinvestor @junkbondinvest]

Cliffwater is a $33B fund invested in 50+ other funds that are all gating simultaneously.

$4.6B in unfunded commitments. 14% redemption requests. S&P negative outlook.

“It all works great when no one wants their money back.”

[Coromandel Rob @CoromandelRob]

@geswolfcrest @ADHD_Capital Fair Market Value (FMV). We work with a well known, global third party.

[Coromandel Rob @CoromandelRob]

@geswolfcrest @ADHD_Capital Nah, pretty common to have the ability to cross trade with old LPs with new LPs or use excess bank leverage to give liquidity to old LPs, but IMO using a self-liquidating share class is the most prudent thing to do & what we manage investors expectations to as a baseline