Share this page!

Koshiek Karan Profile picture
Twitter logo
5 Apr, 4 tweets, 1 min read
Petrol price increase since Jan 2021: 17%
Your salary increase since Jan 2021: -
There's nothing more infuriating than hearing government blame fuel increases on global oil prices

... while conveniently forgetting to mention higher fuel taxes and levies (already a massive chunk of the price)
Fuel prices, electricity tariffs & food price increases FAR exceed 2.9%... but hey let's keep applying our current, archaic version of CPI as a proxy for "inflation"
The impact of bloated fuel taxes & levies?

Global oil prices are not at their highest point in history
The ZAR is nowhere close to its weakest point in history

... yet fuel prices in SA are at an all time high

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Koshiek Karan

Koshiek Karan Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @iamkoshiek

Koshiek Karan Profile picture
7 Apr
Derivatives, Black-Scholes & complex financial instruments explained [Thread]
A derivative is any contract that “derives” value from an underlying asset. So if you buy a contract that pays you out every time Arsenal wins, you have a derivative.

You will also be poor & depressed.
You’re a football manager looking to sign 19yo wonderkid striker Jose from OnlyFans FC. Nobody really knows how much Jose is worth.

You figure Jose is worth at least €60m if he can bang in 25 goals this season. But a bigger club might buy him by then.

Enter derivatives...
Read 19 tweets
Koshiek Karan Profile picture
21 Mar
By now you would have seen the media storm over Goldman Sachs analysts working 100+ hours a week.

I've had the fortune (misfortune?) of being both a junior banker and a few years later, team staffer. Here's a bit of insight on why investment banking hours are so long [Thread]
Investment banking is a 6 hour work day stretched across 16 - thanks to long standing inefficiencies, a rigid hierarchy and archaic elements of measuring performance.

Your "game time" when you're running hot and grinding hard is a fraction of the total time you spend on the desk
Across most product areas, you're carved into origination and execution.

Senior bankers are the hunters bringing in deals (originating). Junior bankers are running point on day to day on the deals (executing)

It's two entirely different jobs across the very same client
Read 26 tweets
Koshiek Karan Profile picture
19 Mar
Even Stevie Wonder could see how Forbes got this horribly wrong. Meth instead of math! Is Kanye worth only $1.8bn? Absolutely no chance [Thread]
If you say stupid shit like this in an investment bank, they take you down to the print room and shoot you. I'd rather read 50 shades of grey than this pseudo-valuation bullshit. Companies are valued on their FUTURE earnings performance - i.e. tomorrow's earnings performance!
Wait, there's companies with zero revenue & high valuations? Yes! Some even have $1bn+ valuations

Most are SPACs BUT there are single companies with $1bn+ valuations with no revenue

Nikola was valued over $30bn at one point & never sold a one truck. Now at $5bn, still not zero!
Read 18 tweets
Koshiek Karan Profile picture
15 Mar
The Mr Price // YuppieChef deal will make the headlines today... but it triggers much more fascinating story about deal making by SA companies [Thread]
Think of an acquisition as a marriage. A scary number of marriages fail, just like deals. Sometimes the person you date is different to the one you marry (poor due diligence). Both marriages and deals fail when the future isn't what you expected it to be.
Back in 2003, Mr Price tried something different. They dated a South American expansion. They had a couple of test stores in Chile. It failed & they shut it down.

In 2008, Sun International (SUI) tried dating in South America. They started out very slow.. then it went really bad
Read 22 tweets
Koshiek Karan Profile picture
7 Mar
You can now become a millionaire selling your memes & digital art

How much would you pay for this digital character?
$2? $200?

Someone recently paid $2m. Yes, two million US dollars!!

This is one of 10,000 unique CryptoPunks digital characters which sold for $126m in total.
How much would you spend to own this GIF?
$6? $60?

This Nyan Cat GIF recently sold for nearly $600k
When you buy a piece of CryptoArt, proof of ownership is stored on the Ethereum blockchain. You own the NFT.

NFTs (Non-fungible tokens) are digital certificates for intellectual property.

It's the digital version of buying an autographed piece of merchandise.
Read 6 tweets
Koshiek Karan Profile picture
6 Mar
Step by step guide on how to buy/ sell tweets
You're essentially minting a tweet, creating a NFT, transacting on the blockchain & settling payment in ETH
NFT is a non-fungible token

Fancy term for a digital certificate for intellectual property. Think of it like an autograph. Someone pays for your autograph and keeps it as an investment.

Your autograph (NFT) here is a digital certificate of your tweet.
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @iamkoshiek has new unrolls!

Check out other threads from @iamkoshiek!

Read all threads by @iamkoshiek