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Koshiek Karan Profile picture
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9 Dec, 4 tweets, 1 min read
Unemployed grads fighting over institutional "prestige" <<<<<<<<<<<<<
One of my favourite threads
When all else fails:
Some REALLY useful job openings in this thread from a few days ago.

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More from @iamkoshiek

Koshiek Karan Profile picture
11 Dec
Taking time out from a challenging situation to rethink, rebalance & try a different approach takes courage.

It's not a failure.
"I must not give up!" gets confused with "let me take a step back"

You can work yourself to death using a butter knife to turn a screw... or you can take 5 minutes to get a screwdriver.

Hard work is meaningless without the right tools.
Resilience is not giving up on constantly improving. Ego is refusing to accept something just doesn't fit.

We're guilty of ego a lot of the time.
Read 8 tweets
Koshiek Karan Profile picture
10 Dec
People with the biggest potential to change your life aren't the guys in fancy suits holding self important titles.

It's the person at the front desk, the barista, the person next to you on a plane, someone you meet at a party.

Everyone has something important to offer.
In a boardroom always look for the guy with the ugliest oversized jersey, dad sneakers & baggy jeans to know who owns the company.

The guys in sharp bespoke cotton suits & Ferragamo ties probably work for him as advisors.
I remember sitting next to an old dude in the steam room at the gym, talking shit.

Him: So what do you do
Me: I'm an investment banker in M&A

"Do you think you can get a buyer for my clothing company?"

The bank made ALOT of money from that 10 minute sweaty convo.
Read 7 tweets
Koshiek Karan Profile picture
9 Dec
Following a passion isn't always instantly financially rewarding. Crafting your dream career over time while having the fall-back of a 9-5 salary is a massive luxury.
Starting up any venture needs decent capital, a solid network, time to think and mental energy. It's hard to be creative when you're burdened by the stress of survival.
Big business starts as small business.

It might be an unassuming side hustle but it's another source of income AND it has the potential to develop into something much bigger.
Read 8 tweets
Koshiek Karan Profile picture
8 Dec
This headline sounds incredible! It makes you feel like we're ballers & shot callers! We're not! Here's why 66% GDP growth is FAR LESS impressive than it actually sounds [Thread]
1. Base effects make it look good
(doesn't refer to big booty huns)

Q2 2020 GDP DOWN 51.7%
Q3 2020 GDP UP 66.1%

What's a base effect?

If a Birkin is $100k & goes on sale at 50% it's now $50k. Then the price shoots up by 70%, it's now $85k (still $15k lower)

Math not meth!
2. Bigger isn't always better....

66.1% is an annualized figure. This assumes SA will grow at the same pace for 4 straight quarters. If you don't annualize, SA grew 13.5% from the previous quarter.

If you think annualizing is daft - StatsSA also agree. This could change soon. ImageImage
Read 9 tweets
Koshiek Karan Profile picture
28 Nov
If you're starting out in a space that trusts you with confidential info (like investment banking/ law/ audit)

- Never have deal convos in public
- Don't open your laptop where anyone else can see it
- Your friends/ family should never know what you're working on
Shout-out to the 4 junior bankers at a popular Sandton bar shouting to their mates about the deals they were working on last week.

You made some people very rich.
You're working on a confidential restructuring deal & find out the company one of your parent's work for is retrenching their division for cost cutting.

What do you do?
Read 4 tweets
Koshiek Karan Profile picture
28 Nov
There's over 30 million OnlyFans accounts. Here's what a creator in the top 0.01% makes (@lildedjanet).

$1.5m = R23m
@jhilleaf is in the top 0.24% of all creators & grossed over $200k so far on the platform
If OnlyFans were a country, it would be one of the most unequal societies on Earth.

The Gini coefficient is worse than South Africa (0.83 vs 0.68).

It's very, very difficult to post huge numbers if you're not in the top % bracket. The average creator makes just $136 (R2.3k)
Read 5 tweets

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