Lorenzo

Tradfi peanut brain here mostly to lose money on web3 ponzis

[Lorenzo @LPHhimself_]

@LeveredVinny Also interested

[Lorenzo @LPHhimself_]

@Ron284Ron ~70mm+ tariff refunds on the way, that’s what 60% of the mkt cap?

[Lorenzo @LPHhimself_]

@DaglioDavid @CorneliaLake Re end of quarter repo, you’re referring to Cliffwater or others also? Haven’t really seen with other BDCs but been a while since actually looking

[roon @tszzl]

unreal that they sent SBF to jail for running one of the best performing venture funds of all time

[Lorenzo @LPHhimself_]

@junkbondanalyst Thumbs up?

[Lorenzo @LPHhimself_]

@EnergyCredit1 Those were the days that’s for sure

[Andrew Thrasher, CMT @AndrewThrasher]

Great line from Michael Cembalest, JPM.....
"Other recent AI news: Oracle’s stock jumped by 25% after being promised $60 billion a year from OpenAI, an amount of money OpenAI doesn’t earn yet, to provide cloud computing facilities that Oracle hasn’t built yet, and which will require 4.5 GW of power (the equivalent of 2.25 Hoover Dams or four nuclear plants), as well as increased borrowing by Oracle whose debt to equity ratio is already 500% compared to 50% for Amazon, 30% for Microsoft and even less at Meta and Google."

[Lorenzo @LPHhimself_]

@Knightlegcap “While we still won’t return your calls and the ‘co-op’ won’t give you the same new money rights as the original co-op parties we seduced back when the loan was trading at 98.125, you have to sign this now or we’ll downgrade your holiday basket to the cheap Chinese chocolates”

[Lorenzo @LPHhimself_]

@icebergy @TuckerCarlson says it’s good for me

[Boring_Business @BoringBiz_]

Still think about how this man figured out the cheat code to life

[Lorenzo @LPHhimself_]

@CorpusCol What do you use to easily screen through call report numbers? SNL?

[GamblersAnonymous @DeepValue000]

Day in the life of a L/S Equity PM

3:30am - wake up in a cold sweat from the memory of your IB VP calling you a fucking retard

5:30am - get to the office and plug into bloomberg. Investor relations girlies are doing the firm sponsored pilates class in the firm owned gym. You ask yourself why you chose this career

8:30am - finish reading your emails. Sell-side has downgraded your entire long book and upgraded your entire short book. Excellent

12:30pm - stare into the bathroom mirror and contemplate killing yourself

12:35pm - take the 2nd biggest shit of your life

1:30pm - risk reaches out reminding you that you have too much exposure to the dividend yield factor. Thank you

2:30pm - head out to grab lunch. Homeless man with an iPhone and gucci sweatshirt pisses on your Sperrys. Good reminder to vote for Mamdani, he’ll fix this

4:15pm - reviewing exposures and performance, realize you made 1.5bps today. Sweet

7:00pm - yell into the abyss (Murray Hill) on your way home

10:30pm - go to bed. Dream of ways to acquire MNPI without getting flagged by compliance

[Lorenzo @LPHhimself_]

@kenwday All good, nice work!

[Lorenzo @LPHhimself_]

@rokez618 @junkbondinvest We cede conflicts to Bermuda obv

[Lorenzo @LPHhimself_]

@j77324 What changed here all of a sudden? Thought tariffs would have initially caused a surge in transport of tariff-sensitive goods followed by a collapse?

[Lorenzo @LPHhimself_]

@dbc___ @Qbiteeth @EamonJavers You sure showed him!

[Lorenzo @LPHhimself_]

@rhymestar1455 @junkbondinvest What could possible catalysts could be? I’ve tried for years and can’t come up with much - vehicles are structured well such that they never have to sell underlying loans, and the liabilities sit overwhelmingly with big insurance platforms with sticky long duration capital

[Lorenzo @LPHhimself_]

@Ksidiii Directionally how’d you guys do today? Up big / up decently / flat ish / down ish?

[Lorenzo @LPHhimself_]

@quant_arb For a simpleton pleb can you explain the difference between these?