She was on the UBS trading floor when Lehman fell.
What her colleague said next she never forgot:
Claudia Quintela — 25 years raising capital for hedge funds:
"Take a very good look around. This is the world's largest trading floor."
"In a couple of months, most of these people will be bankrupt. Selling their houses. Taking their kids out of school."
"There are people who make seven figures and live paycheck to paycheck."
"Your burn rate cannot be higher than your earn rate."
"Save aggressively. Invest aggressively. That gives you options."
"If you eliminate the money stress — a lot of the other stress goes away."
Reminds me of something said by @alixpasquet — too many managers apply value investing + margin of safety to the companies they buy, but seldom to their own life.
You have absolutely no idea of what you’re talking about. The whole point of Pax Silica is to partner with countries who are good at doing different things because everyone wins from a secure supply chain.
It’s also a fundamentally a capitalist project (this might be foreign to you) that’s a lot more about partnerships between private companies than it is about government programs.
We never said our goal was to maintain diplomatic immunity. Our position has always been that markets and investors need certainty and predictability in order to deploy large pools of capital over a 5-10 year time horizon. Any half decent investor will happily validate this. That viewpoint was taken out of context and turned on its head by the press to suggest we were seeking diplomatic immunity which is patently untrue. Oh and by the way, the agreement is posted online for anyone to look up and read for themselves.
The U.S. is home to the world’s largest technology companies—a fact I’m sure deeply irritates you. The idea that being part of their supply chain is “subservience” is an ignorant loser mentality. Is TSMC a subservient company?? Anyone who knows anything about tech understands they are one of the world’s most important (and valuable) companies—and also an integral part of America’s (and the world’s) supply chains.
🚨Alerte info. Initialement prévue le 28 avril, la première étape de la procédure engagée par Brigitte et Emmanuel Macron contre Candace Owens – l’examen de la requête en nullité – a été reportée au 22 juin 2026 (13 heures locales, 19 heures à Paris).
Dans cette affaire, le couple présidentiel semble préparer une sortie en douceur : dans un entretien à @TribuneDimanche , les Macron admettent « n’avoir aucune certitude sur la viabilité de leur action ».
In an incident described as unprecedented, Israeli police prevented Cardinal Pierbattista Pizzaballa, Latin Patriarch of Jerusalem, along with Father Francesco lelpo, Custos of the Holy Land and the official responsible for the Church of the Holy Sepulchre, from entering the church as they made their way to celebrate Palm Sunday Mass.
According to a joint statement issued March 29 by the Latin Patriarchate of Jerusalem and the Custody of the Holy Land, police stopped the two church leaders on their way as they were proceeding privately “without any ceremonial or liturgical manifestations,” and forced them to turn back.
The statement noted that, for the first time in centuries, this action prevented church leaders from celebrating Palm Sunday Mass at the Church of the Holy Sepulchre. It described the incident as a “serious and dangerous precedent,” adding that it “disregards the sentiments of millions of believers around the world whose eyes turn to Jerusalem during this week."
Isaac Herzog, president of Israel, said in a statement on social media that he called Pizzaballa and lelpo to express sorrow over the incident.
“I clarified that the incident stemmed from security concerns due to the continuous threat of missile attacks from the Iranian terror regime against the civilian population in Israel, following previous incidents in which Iranian missiles fell in the area of the Old City of Jerusalem in recent days,” Herzog wrote. “I reaffirmed the State of Israelʼs unwavering commitment to freedom of religion for all faiths and to upholding the status quo at the holy sites of Jerusalem.”
Cardinal Pizzaballa said Palm Sunday Mass at the Basilica of All Nations in Gethsemane.
More info at https://t.co/J5RSPLAKMv