Isaac Liew

Private Equity / R. Estate Development/ Mining
Effort x Urgency x Strategy = Result

🏃Chasing the Best version of me

[The Secret CFO @SecretCFO]

Let's talk about the much fabled zero-day / continuous close for finance teams.

Today, a three-day month-end close is absolutely world class.

In a complex organization, getting there can take years of transformation work, flawless systems and processes, not to mention phenomenal talent and discipline.

And even then...

Three days is still a long lag for numbers on something that’s already happened.

So two things can be true at once:
1. Closing the books quickly is incredibly difficult to do well.
2. No matter how fast we do it, it is still unacceptably slow.

Why?

Strip accounting right back and every core transaction cycle starts with an economic event. Finance’s job is turning that event into something accountable and reportable.

- First comes the core transaction record: who, what, how much, and when?
- Then comes attribution and timing: which entity, cost center, project, or product? CapEx or OpEx? Which period? What was it actually for?
- And finally comes repair and reporting: accruals, reclasses, allocations, reconciliations, true-ups, manual journals, and mappings into management reporting.

The further the transaction travels without carrying the right accounting and metadata with it, the more work explodes around it.

Which leads to... the Cone of Accounting Bullshit.

A single economic event can be estimated, accrued, reversed, coded, reclassified, allocated, and remapped half a dozen times before it becomes useful information.

Meanwhile, if we’d captured the accounting, timing, and metadata properly at source, we could have got it right once and left the bloody thing alone.

The zero-day close will belong to those who invest in upstream technology and process innovation that starves the cone of accounting bullshit of the oxygen it needs to grow.

I wrote more about this here: https://t.co/EusgOX0WvA

[Isaac Liew @IsaacLiewPERE]

@paulswaney3 @SperrysandNikes Can I get a copy?

[Paul W. Swaney III @paulswaney3]

The worst part of this is that the post thinks she’s an executive

[Laissé @laisse_sansvie]

“Boğulduğunu sandığın yer, belki de sana yüzmeyi öğretiyordur, sakin ol.”

[Thought 💭 @Vigoroussvs]

I did not conquer half the world by listening to men who had conquered nothing.

- Alexander the Great

[Not Jerome Powell @alifarhat79]

Makes sense lmao

[Empire Mindset | Wealth Architect @guideforman]

THE ECONOMICS OF OWNING A PRIVATE EQUITY FIRM:

(How Rich People Structure The Game Before They Play It)

[Reads with Ravi @readswithravi]

“Where your fear is, there your task is.”

— Carl Jung

[Elon Musk @elonmusk]

If you want to reach the smartest people in the world, advertise on 𝕏

[lynk @lynk0x]

You're seeing results but you're aiming for something bigger.

[Multifamily Madness @MultifamilyMad]

Submitting a lowball offer expecting a counter but it gets accepted as-is

[Robert Sterling @RobertMSterling]

If you want to learn more about negotiating deals, you need to follow my friend @JerimiahLee. Truly one of the best in the game.

There are lots of sales bro influencers out there now, talking about how to “dominate” a negotiation or be the “alpha” at the closing table. They’re all full of it.

Maybe that’s how it works when you’re selling used Dodge Chargers to 20 year olds with 580 FICOs or pressuring senior citizens to buy life insurance policies they don’t need, but that’s not how it works in the world of enterprise sales or in my world of large M&A transactions.

If you want to do big deals (which is generally where you make big money), you have to work with people, help structure a win-win solution for both parties, and partner with the man or woman across from you to create mutual benefit. That doesn’t mean you have to compromise or give up on zealously defending your company’s interests. It just means you have to be reasonable, be smart, and know how to thread the needle in situations where a win-win outcome does exist but might not be completely obvious.

The guys thumping their chests and abusing TRT on TikTok aren’t going to teach you that. At best, their advice will kill your deal; at worst, you’ll force a bad deal across the finish line and make a lifelong enemy for your company and your career. Avoid this at all cost.

Check out Jerimiah’s videos and learn from someone doing deals the right way—and the smart way.

[Mario Nawfal @MarioNawfal]

🇨🇳 China produces around 1.3 million engineers a year

And you can tell

Writer: Ian

[Boring_Business @BoringBiz_]

Investment banking analysts after getting an intern on their deal for the first time

[Mind and Glory 🎖 @mindandglory]

Study the man who got quiet after success. He learned what noise costs.

[Alex Pérez @honordetigre]

Elon Musk tiene tiempo para dirigir empresas de 4 mil millones de dólares, responder a desconocidos en Twitter y ser padre de 14 hijos...

Pero esa chica que estás viendo tarda 16 horas en responder porque está ocupada...

sigue adelante, hermano

[The Icahnist @TheIcahnist]

The Boring Billionaire Strategy

1. Grab the low-multiple hard-asset picks and shovels, then apply better ops.

2. Target end markets with durable moats that the market will re-rate hard when the bubble implodes.

This book shows more realistic ways to profit off the AI boom than 99% of innovation reports.