Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist)

investor in some things. trader of all things .ʎluo dn. don't take this seriously - havin fun

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

I AM EUPHORIC

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

mkt finally digested that this was (very) bad news, contrary to the initial (positive??) reaction

added heavily to Luna short yesterday after Do's announcement and felt like i was taking crazy pills for a bit

crypto mkt remains slow

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@BlubberXbt hello blubs

don't mind me, just journaling to myself

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

illiquid equity mkts r funny

bought a (tiny) amnt of a biz in a dormant brokerage acct today

sold it 30 mins later for a 25% gain - after absolutely *no* company specific or macro news

$ gain was trivial, but fun to play around w orderbook dynamics, esp w forced selling/buying

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@krsumit1 @InnocenceCapit1 @FrankieFF_ “can’t” unfortunately isn’t a real word at most IBs (or MBB / consulting shops)

goal is to please the client (make urself $), not be right

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@krsumit1 @InnocenceCapit1 @FrankieFF_ yes def *shouldn’t* be used for any serious analysis

but oh you’d be surprised at the #s that go into even frontpage deals, incl multi billion $ public co mergers / acqs

have first hand seen merger proxies / 14As w #s from last min CapIQ pulls (or hard coded PDF text edits)

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@FrankieFF_ @InnocenceCapit1 preferred to have more uninterrupted free time (between comments) to work on my own personal investments / investment models or read, than to non-stop iterate v345 PPT/excel

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@FrankieFF_ @InnocenceCapit1 oh trust me i did something v similar in my (very brief) stint lol. faxing, illegible upside flip phone pics, 2am back-and-forth private couriers, etc

i preferred technologically inept Partners / deal teams

u were going to have to stay up a good majority of nights anyways

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@InnocenceCapit1 @FrankieFF_ re: ipad - it shouldve revolutionized banking, but think it's the worst thing to ever happen to analysts quality of life (24/7 comments; never can reliably unplug)

it just adds exponentially more iterations (v_Final_426_printed instead of v_Final_4_printed before)

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@InnocenceCapit1 @FrankieFF_ yup, but BBG/CapIQ pulls are "defensible" (to the partner/client/etc), which is what most entry/mid level bankers r incentivized to optimize for

also some mid levels get upset (or even threatened) when analysts think (yes, analyze) too much - "don't question just get it done"

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@anon_jamie @Pool2Paulie formerly known as antshares, if u want me to really date myself $ans

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@anon_jamie @Pool2Paulie ser, that was $NEO

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@Pool2Paulie yeah, there's also easier terminal zeroes than near

(not to mention they're drowning in a war chest of like $500M+ of cash)

mostly just wanted to call them out bc i think their fundraising tactics are shameful

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@testinprodcap but i agree

however firing 90% of ur employees just 1yr after u 5x'd ur employee count makes u look like quite a bad manager

he's prob going for an employee chart of a shitcoin over time (pump -> slow bleed back to pre-pump)
than a rug pull chart (instant pump -> dump)

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@testinprodcap "long term thinking"

"conviction in building the ecosystem LT"

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@testinprodcap i foresee u feeling a lot safer soon

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@testinprodcap His Excellency promised us the same thing

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@testinprodcap tell that to the sand hill rd secondaries mkt of '21

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

barry, simply, does not recall

[Perṁ̶̒��̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

"Blackstone has never had a relationship w any pension plan or endowment. Steve S doesn't recall ever meeting or communicating with any investment offices

Totally separately, the University of California's endowment has made various investments, incl $4B into BREIT last wk...

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

Endowments also have longstanding relationships w wholly unrelated & irrelevant groups to BX such as GSO, TacOpps, & BAAM

Again, $BX has no personal or professional relationship w any of the above entities

We remained committed to honesty - we'll emerge from this yr stronger

[Perṁ̶̒͑̉̾̏̀͐̈̚equity 👀 (Effective Altruist) @PermEquity]

@BasedPotato4 my twitter TAM is about the size of dcg's integrity

i'll never be an #influencer :(