The #Fintwit gods are good are presented me with an opportunity that deserves my full attention π€
Feel free to email me, bizalmanac@gmail.com π₯
Yβall know I love it here, and probably too much. Some thoughts on #Fintwit below π
(1/6)
This website is dripping with ideas. Value, growth, quality, international, special sits, microcap, REPE, REITs, technical analysis, crypto, energy, SAAS, SMIDs, dividend growth, income π§
What used to happen on VIC, G&D, Sumzero and idea dinners now happens here
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The amount of skilled and talented investors, professionals and hobbyists, hanging out here is vast. If you share with the community, publicly or privately, you surely will receive back equal or more in models, notes and thoughts from many smart folks, often in DMs π€
(3/6)
If youβre young and/or looking to improve or for a job, share on fintwit. If you want to sharpen a thesis or identify bear cases, share the bull case on fintwit. If you want new ideasβ¦you get the idea! π‘
(4/6)
But it ainβt all good..
Noise overwhelms signal.
Even for accounts with high signal to noise ratio, you have to suffer through a lot of gif volleying, politrix, shitposting etc. π«΅
(5/6)
Latest tweets instead of home, blocking, muting accounts and keywords all help but only to a degree.
Twitter is a constant exercise in improving and optimizing your feed and is not for the faint of heart πββοΈ
(6/6)
Lasted almost a month
And I recently shared two snack-bite sized blog posts:
Cash bridge since inception. Litigation finance is an asset light business; requiring only 1.65B in equity and debt resulting in 2.7B in cash receipts so far
I'm leaving a partially completed $PX write-up on the cutting room floor as I found a better subject for my next blog post
PX high-quality and young business I recently built a position in
I am happy to share one section, In Defense of Funds of Funds, below.
Unlike many alternative asset managers who invest directly into operating businesses; 2/3 of P10βs investment vehicles are fund-of-funds, investing their LPs capital into private equity funds in the case of RCP and venture capital funds in the case of TrueBridge.
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Many market participants scoff at funds of funds judging them as unnecessary middlemen. I disagree and see funds-of-funds as necessary for many investors to achieve their desired exposures and returns.
Winning the Lottery, Losing it All, Starting Again
A quick tour of my 10 years working in the investment industry
It ends with me quitting my dream job and resetting my career and life about 1 year ago
Just writing off the dome, hope you enjoy
(1/x)
I graduated college in 2010 with no idea about investing, but a knack for numbers and degrees in math, history and business
I applied to about 100 jobs loosely related to investing, had a handful of interviews, many of which I had no idea what they were talking about
(2/x)
But I hit it off with the president of a fund of hedge funds and impressed her enough to be given an opportunity to intern there at the end of my senior year
I accepted (else I would have been homeless?) and then accepted a full time offer a few months later