Menelaos

Personal views, no investment advice. Returned to Athens, Greece after a few years in finance in London. Reach out if you're in town.

[Menelaos @DebtDistressed]

What Game Theory Reveals About Life, The Universe, and Everything

https://t.co/6gjphnCExp

[Menelaos @DebtDistressed]

@blondesnmoney Given its City of London origins, it's is only appropriate that it would have misspelled a female Slavic name.

[Philoinvestor @philoinvestor]

BTC to hit $500,000 by 2024.

[Menelaos @DebtDistressed]

If you're not buying deep out of the money $NVDA calls today, you're not a proper degen. Not even a little, bro? 0.02% of the portfolio? Do it for the story.

Not investment advice, do not take me literally nor seriously.

[Menelaos @DebtDistressed]

@SantiagoAuFund Because both can do the latter without extra help, whereas one cannot do the former without extra help.

[Menelaos @DebtDistressed]

@SpecialSitsNews

[Menelaos @DebtDistressed]

@beastmode347 He said ~1.0x on the neutral book and ~1.5x on the long biased book...

[Menelaos @DebtDistressed]

I defended the guy, and still believe that there is unnecessarily too much fuss around Arini. However, I came across this video of him pitching a pension fund. It bothers me that what he's pitching is not what he is actually doing. See for yourselves:

https://t.co/9O6X6L3l37

[Menelaos @DebtDistressed]

Why is everyone in EUR HY so obsessed with Arini? Hamza might be off putting to some people but what he has built at such a young age and the pace of growth is nothing less than admirable. Lay off the guy, almost everyone has had a bad year during their investing career.

[Menelaos @DebtDistressed]

@CyrusBarys Seemed to me it was a done decision before the pitch. No idea who the team was, but from their questions, my conclusion was that they did not know the European market at all.

[Menelaos @DebtDistressed]

@CyrusBarys Apparently, they don't know European credit. 🤷

[Menelaos @DebtDistressed]

@Jason Why can't the bike stand?

Because it is two tired.

[Menelaos @DebtDistressed]

@HYcorps After leaving the HY market, among other things I helped a European company refi €1.5bn debt. The handful big holders had stayed with them from par, down to 60, back up to 95.

[Menelaos @DebtDistressed]

@HYcorps Some smaller issues may work like that, but what I remember is that you have a few RM and HFs with €200mn+ positions in Europe that are happy to put in money, refi. Some fast money gets shaken out, but if it's not a complete dog shit of a business, a lot of PMs stay in.

[Menelaos @DebtDistressed]

@fifteenCAGR @jonclrichmond @mfwarder Generally agree. I'd like to see management however have some skin in the game.

[Menelaos @DebtDistressed]

@fifteenCAGR @jonclrichmond @mfwarder We do need some multiple expansion for a 4x. Operationally they are doing v well. But they gotta explain their story better. And not sell their own shares when share price hits $110...

[Menelaos @DebtDistressed]

@TradFidiGuy No, words matter. Persons and people are not the same. We cannot cite case law or constitutional clauses and not be accurate. Corps are NOT people. They do fall under the definition of persons. A corp cannot hold a door open for you. Nor can you thank it when it does.

[Menelaos @DebtDistressed]

If you are an American citizen, call your representatives today, whether blue or red, and ask them to overturn Citizens United. See what happens and realise that corporations run the country.

https://t.co/HVlxClnTkB

[Menelaos @DebtDistressed]

@fifteenCAGR @jonclrichmond @mfwarder My P&L disagrees (I'm flat btw). I don't plan on living forever, would like to exit at some point.

[Menelaos @DebtDistressed]

@TradFidiGuy The American Constitution is a remarkable document. Persons, people, and corporations do not need Citizens United to protect their rights.

[Menelaos @DebtDistressed]

@TradFidiGuy Persons, not people. The final clauses of the 5th Amendment: "nor shall any person be subject [...]; nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation"

[Menelaos @DebtDistressed]

@TradFidiGuy Person refers to any individual or, in some clauses, an entity the provision protects, whether or not they are citizens. It appears in the 5th and the 14th Amendment. Broader term. Covers non-citizens, courts have read it to include corps for due process and equal protection.

[Menelaos @DebtDistressed]

@TradFidiGuy It wouldn't. Persons, and corporations had rights long before C.U. Reversing it would narrow one right, election spending, not all of them.