Can't believe I'm saying this...

I'm actually concerned we may default on our national debt.

Anytime a country has gone to 130% det / GDP it has been a metaphorical point of no return.

The country has defaulted, a 🧵based on an industry report that got me humming.
Story time: Over the past 200 years

98% of nations that hit 130% defaulted on their debt (usually through inflation.)

Japan is the only one in 200 years that hasn’t defaulted BUT

Japan is rare...
Japan is a nation:
- in budget surplus (i.e. they run a net profitable biz)
- internally funded (i.e. they buy their own goods)
- with a Net Int’l Investment Position (NIIP) of +70% of GDP (aka they save a lot, and can ask for their $ back from other countries i.e. US.)
Compare to the US:
- budget deficit & climbing (aka we're a co Softbank would back😶)
- externally funded (need other countries to buy from us)
-a NIIP of -65% of GDP (i.e. we aren't savers, can't call in debt from others)
- all we have is a printing press
- & people's trust
So in other happy news...

US is 180-degree opposite situation of Japan.

Japan got deflation…

US is going to have inflation...

That's all.

I hope they're wrong - tell me why?

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More from @Codie_Sanchez

5 Jun
Investors as Influencers? It's a thing now

I want to invest in a portfolio of "influencer investors" & their funds

Who do I need to know??

*Even Investors worth $46 Billion are getting "influencey"* A 🧵
Investors are going to increasingly become influencers IMHO



Leverage is the multiplier

If you REALLY like a deal, you don't just go ALL in. You go 110%+ in.
There are four types of leverage:

Labor + Capital + Code + Audience

Audience is the new kid on the block.
Read 8 tweets
3 Jun
About 30k of you contrarian hooligans follow me here since I started regularly twittering* 6 months ago

To celebrate: a mega-thread of my fav threads I've written.

18 threads to teach you more than an MBA on M&A (& cost ya way less 😉)
(1) Playbook on using laundromats to create boring but predictable cashflow
(2) How to buy land for $10k and make $1.5k/ month on it
Read 22 tweets
28 May
Everything in life has rules. How you negotiate pay, buying a company, getting equity, or just a new job.

If you don’t spend time understanding the frame of deals, you’ll get taken to the bank just about every time.

Don't get taken to the bank⬇️
#1 Every Deal Is About 1 of 2 Things
Money or power.

Every deal.

People will disagree with me here. They’re wrong. So figure out what is important to the other side and you’re already ahead.
#2 Every deal has two aspects: Price & Terms

The saying for dealmakers:

"You can have your price and my terms, or my price and your terms... but you can't have both. "

Secret: Control the terms, you control the price
Read 7 tweets
27 May
Every human should have their rules for life thought out.

What drives you? What is your own personal set of commandments? What lines will you never cross?

I asked my Navy SEAL man, Chris, to write out his 10 rules for life:
#1 Only prove your love, not your worth

- The loudest is a target
- Under-promise, over-deliver
- Humility in everything
- Don’t make excuses for your standards
- Always stay ahead
#2 Strength through conflict and competition

- Iron sharpens iron
- Resiliency is a purpose
- Complacency kills
Read 13 tweets
26 May
15 Quotes That Changed my Life.

Each time, every time.

A thread on how others words can engrave your soul:
I started a practice 10 years ago.
Every book I read I would write down the words that spoke to me.
Creating my own bible.
So that when times were dark, I had a light.

These are the ones I come back to again and again.
Emotion haunted his face. It was anguish, some kind of anguish, and the dull, stoic anger that hangs in the eyes of repetitive, ill-paid work.

- Shantaram
Read 18 tweets
25 May
The next wave of influencers = investors.

This has NEVER happened before.

BEFORE - You couldn’t invest alongside the big names unless you were a big name.
In fact - the secret in investing was “fake scarcity.”
- limited investors
- only institutions
- minimum check sizes
- no public information
Now it’s democratizing.

I’m going to invest in a deal w/ - @Keith_Wasserman

I’m in @gregisenberg fund

I harass @ShaanVP frequently for his deals

I’d like to get in w/ new buds @fortworthchris & @awilkinson & @sweatystartup
Read 5 tweets

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