cruelobabs

Nigerian Jollof ambassador. My tweets do not necessarily represent my opinions.

[Leon Boros @boros10]

I really like Kemi Badenoch, but today’s proposal on inheritance tax makes no sense to me.

If your principal private residence is completely free of IHT when passed to your children, it creates a huge incentive to maximise the amount of wealth tied up in your home.

Why invest in AIM shares, private companies or other productive assets and potentially pay IHT, when you can put the money into a bigger house and pass it on tax-free?

Tax policy should encourage investment in productive assets, not create an even bigger incentive to pour wealth into residential property.

[​𝐥𝐲𝐫𝐚 @sunnkssdseraph]

We are slowly removing coincidence out of our lives. We don't pick a restaurant before even checking the ratings. We don't hear music before the algorithm ever predicts we'll like it. We don't even take a route before maps removes the wrong turn. Barely meet someone even before checking their profile. And none of that is necessarily bad. But that's what makes it interesting because every tool nowadays removes every tiny bit of uncertainty, but uncertainty is where a lot of your favorite memories came from. The place you found by accident, the friend you met because the plans changed. The street you weren't supposed to be on that ended up having the best restaurant you've ever been to. We've optimized our life so well to the point where nothing unexpected ever has room to even happen and a life with no accidents is easier to manage, but it's just harder to remember.

[Squawka @Squawka]

Most possessions won per 90 in the Premier League this season (225+ minutes played). 💪

[Dan Neidle @DanNeidle]

@petercowdell @DickWinchester exactly. And - worst - thinking that they already paid for it.

[ajua bliss @juasnua]

We’re not gonna have one fucking drop of drinkable water by 2028.

[Daniel van Dalen @DVanalystAfrica]

#Nigeria's central bank cutting the interest #rate by 350 basis points while the world is on fire

[Dossena @DossenaLFC]

The Bermuda Triangle 😭

[Pato do United @PatoDoUnited]

Talvez torcer pro Manchester United não seja sobre ser feliz e ganhar títulos...

Talvez torcer pro Manchester United seja sobre lidar com os sentimentos negativos e aprender que há coisas na vida que estão fora do nosso controle

[ᵉᵇⁱ @shz_rbecakz]

Cuando ya calculaste cuántas horas vas a dormir, pero no te puedes dormir y el número va bajando

[cruelobabs @NotAYorubaDemon]

Playing against 10 men with no natural strikers on the pitch. We don’t know what to do in the final 3rd

[17. @flyyjer]

nigerians no real, if na oyibo get pap, we for dey go on akamu date.

[Hedgie @HedgieMarkets]

🦔Three private equity firms have moved to sell data center assets to public investors in the last four months. Blackstone went first with a $2 billion IPO in May. Brookfield followed with $1.2 billion in July. Now Blue Owl Capital wants to package $6.5 billion of its own data centers into a publicly traded fund. While Blue Owl is building this new vehicle for retail investors, its own credit fund just watched a loan collapse from full value at year end to 5 cents on the dollar in six months. Moody's flagged a possible bankruptcy.

My Take
If that many firms rush to sell the same type of asset to retail investors at the same time, I don't think it's because they believe the best returns are still ahead. I think they've done the math on what these assets are worth today versus what they'll be worth in two years and they'd rather you hold that risk.

Blue Owl is doing this while their own credit fund just blew up on a single loan. Loparex isn't a data center, but it's the same Blue Owl team picking investments. Their stock is down almost 30% this year and trades at 99x earnings. If I'm a retail investor being asked to buy into a $6.5 billion data center fund, I want to know why the people running it couldn't see a loan going from par to 5 cents in their own portfolio.

Hedgie🤗

[Nick Mark MD @nickmmark]

Frame the second reason. Hang it in the Louvre.

[private figure @privatefigure_]

Arsenal letting Chelsea score first:

[🐲 @ElSalvajeeeee]

So crazy lmao

Headless over it’s whatever

[cruelobabs @NotAYorubaDemon]

@Osa_kenzua “The crowd” is crazy. Talk to me direct!

[cruelobabs @NotAYorubaDemon]

Mbappe stinker jeez

[Alec Stapp @AlecStapp]

Periodic reminder:

[Corey Quinn (in Edinburgh this weekend) @QuinnyPig]

Americans continue to use anything except the metric system.

[LA🇯🇲 @enzandz]

The concept of London having the "absolute worst food" yet calling Dishoom a 10/10 is outstanding