St. Helena Capital

Living in exile. Credit investing + crypto dabbling

[St. Helena Capital @StHelenaCap]

@nullpointered @pajeetbateman Deleuze or two girls one cup?

[St. Helena Capital @StHelenaCap]

@proetrie Their job is just to be as consistent as possible so it makes sense

[St. Helena Capital @StHelenaCap]

@BowTiedNightOwl Feels like too many "normal" people having the veil pulled back on what exec comp *really* looks like

[St. Helena Capital @StHelenaCap]

@BowTiedNightOwl 100%

[St. Helena Capital @StHelenaCap]

@sellsidepleb "This is a three part question with a follow up if I may..."

[St. Helena Capital @StHelenaCap]

@MorningDewCap Best part is that they all somehow start their firm with $100m of "seed capital" from their dad's golf buddies

[St. Helena Capital @StHelenaCap]

@milken_cookies The LA hate is overrated - its not anywhere close to as bad as people say

[St. Helena Capital @StHelenaCap]

@BowTiedNightOwl The fact that smart, capable people don't want to get involved is at least partly why they know they can keep getting away with it

[St. Helena Capital @StHelenaCap]

@LandsharkRides What does this do tho

[St. Helena Capital @StHelenaCap]

@YellowSTEMBrad Always knew YB was a 7 foot tall chad 😤

[St. Helena Capital @StHelenaCap]

@signalbased Your DMs aren't open

[St. Helena Capital @StHelenaCap]

@_PeterRyan The lesson is: Capital Always Wins

[St. Helena Capital @StHelenaCap]

@HighyieldHarry Finance has always been (and probably will always be) a "Team Office" kind of industry

[St. Helena Capital @StHelenaCap]

@DownsideCase Fed hates to see us winning 😤

[St. Helena Capital @StHelenaCap]

@MrFreez36818230 @beachbumcapital Other problem is its hard to actually enforce a BK/RX scenario with your "valued sponsor partners" so there's more likely to be a lot of "amend and pretend" zombies out there

[St. Helena Capital @StHelenaCap]

@milken_cookies Done by a third party valuation provider who runs a DCF on them... I've had my private credit deals get marked down a few points

[Callicrates @callicrates_]

Ton of people have lost a lot of money in the markets and they don't know how to handle it

They’ve opted to mute their emotions, turn to "irony" and have stopped taking themselves seriously. This is the worst things you can do that situation

I've been wiped out several times...

[St. Helena Capital @StHelenaCap]

"Person of Grievance"

[Liz Wheeler @Liz_Wheeler]

Hillary Clinton: “I went to law school with Justice Thomas. He’s been a person of grievance for as long as I can remember… grievance, resentment, anger.”

[Joyce @JoyceanNoia]

Thread:

Here’s why I am more bearish than most people on crypto short term.

I’ve listened the the three podcasts in the tweet below and am struck by how little the presenters know about banking. The #3AC situation is not simply about debt of 1.5bn (or more).