Jessica Alba's company, Honest, rocketed 44% on it's IPO taking the value to $2.1bn. Honest makes diapers, baby wipes, mascara, vitamins, moisturizers.

Rihanna, Kylie Jenner, Beyoncé & Jessica Alba have carved out empires much bigger than entertainment.
Being a famous athlete/ actor/ media personality doesn't always have longevity. The problem is believing the same level of earnings will continue into perpetuity.

Then you rack up houses, cars & jewelry that trade at heavy discounts when you desperately need liquidity.
Being rich is great.
Staying rich is even better.
Today Shaq is worth over $400m
Allen Iverson, Mike Tyson & Diego Maradona are great examples of how having the wrong crew of "advisors" in your prime can ruin you financially.
A finance qualification doesn't mean you're financially educated

If anything, investment bankers & CAs find themselves in messy personal finance situations all the time
Problem with social media is everyone is trying so hard to appear rich (& flossing black cards) we never get to the point of honest dialogue about money

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More from @iamkoshiek

7 May
The suffocating hierarchy of corporates enabled by endless "promotions" & hollow titles has given many people a false sense of authority & control which mean absolutely nothing outside the office
"Director of young talent management" is fancy for "I read CVs"

... yet it's easy to get drunk with that tiny piece of power & have it replace your entire existence.

Your personality revolves around a title with little power outside of this small sphere.
We all know that person at the braai who INSISTS on telling you about their corporate grade, how many deals they worked on* & the execs they run shoulders with (the name-dropper)

Corporate brainwashing at it's finest

*Worked on = sat on a conference call & took notes
Read 10 tweets
6 May
good ebening
This is an episode of Black Mirror Image
Starting to think Gunnersaurus actually requested to leave this club
Read 5 tweets
5 May
Doge is a one night stand play

Make sure you stay protected, don't get emotionally invested & know when to pull out
There could be some more juice in the run up to Elon on SNL.

As a functional coin it's terrible. Unlimited supply, heavily concentrated holding across a few wallets, no practical adoption (yet).
Can't believe we're reading fucking research reports on Doge. What in the Black Mirror? This is a strong read though, worth checking out
Read 4 tweets
3 May
Someone should ask Bill Gates whether he tried restarting
Bill Gates marriage was never going to last... you really can't go around being proud of your Microsoft
Mans put microchips into the vaccines to track baddies so he could enjoy a post-divorce, city boy summer
Read 4 tweets
19 Apr
Super League and Super Villains [Thread]
WTF is the Super League?

European breakaway competition with 15 core teams and 5 qualifying teams. Core teams don't face relegation. They will each receive €3.5bn for "infrastructure investment plans"

Super League also saved money with a website resembling a Tumblr post
The headlines will belong to Florentino Perez, Andrea Agnelli and Joel Glazer but the real architect of the renegade league is methodically crafted by a guy you probably never heard of...

Charlie Stillitano (aka Champagne Charlie)
Read 25 tweets
18 Apr
If the ONLY reason you're buying into something is for the chance someone else MIGHT buy it from you at a higher price - it's probably not a great idea.
We're obsessed with watching prices instead of understanding inherent value.
Pump & dump stocks, novelty crypto coins, pyramid schemes are all a massive game of musical chairs.

Just remember, if you aren't the person controlling the music - there's always a chance you will be out of a chair.
Read 11 tweets

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