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Will DeCotiis Profile picture
Will DeCotiis
@Will_DeCotiis
CEO & Co-Founder @spectacles_gpt | Founder @decotiis_data | Opinions are my own and DO NOT constitute investment or legal advice | I keep the receipts 🧾
RICH Man Profile picture Stephen Leung Profile picture Mike Hargett Profile picture 3 subscribed
Oct 22, 2023 • 7 tweets • 2 min read
Ray gets it…thoughtful disagreement brings the best ideas to the top It’s more entertaining if you can garner a laugh tho 😉
Apr 21, 2023 • 36 tweets • 7 min read
Thread 19: Brand Values & Strategy

“Marketing is about values. It’s a complicated and noisy world, and we’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear about what we want them to know about us.” – Steve Jobs As we discussed in Thread 18, negotiations are easier when they’re communicated in way that assess the boundaries clearly. One of the easiest ways to prime that, is to have a set of core organizational (or personal) boundaries (or values).
Apr 13, 2023 • 31 tweets • 5 min read
Thread 18: The Happiness Sandwich (Negotiations and Maintaining Alignment) “If you punish people too much for failure, then they will respond accordingly and the innovation you will get will be very incrementalist. Nobody's going to try anything bold for fear of getting fired...risk/reward must be balanced, in favor of making bold moves.” – Elon Musk
Apr 11, 2023 • 7 tweets • 2 min read
In case you were wondering why the level of toxicity exists within the system…it’s bc of this kind of pettiness…by small men…with large amounts of money and no class…cause meet… effect…
Apr 4, 2023 • 4 tweets • 2 min read
@ZeppHead23 Essentially after Dodd-Frank institutions with depositors as their capital base (aka traditional banks) came under regulatory scrutiny for making bad loans to risky credits…those borrowers still need/want loans however, so a system of “non-banks” (financial companies w/o @ZeppHead23 deposits as their capital source began to make loans into those areas outside of the oversight of the regulations) thus the “shadow” nature of the “shadow” bank
Mar 22, 2023 • 4 tweets • 1 min read
Take-a-ways from FOMC presser:
(1) soft-landing fallacy has finally been disposed of (a banking crisis will do that)…expectation is now of a hard landing
(2) Fed is still committed to holding in a restrictive posture until there is more distress in credit markets (it appears to be on the way in any case and they are watching for it)
(3) Jerome said they are not worried about CRE (which means they are using Dame Judy Dench’s logic)
Mar 14, 2023 • 4 tweets • 1 min read
...and here we go....
Mar 14, 2023 • 5 tweets • 3 min read
Come on @SenWarren …that bank was so bad I could smell it all the way from the NJ marsh in May ‘22 (and that’s hard bc the marsh’s got a stank to it)…how come no regulator could see it???? …
Mar 12, 2023 • 14 tweets • 2 min read
Impromptu thread:

There’s a saying in fight sports: positioning > speed > power

What it means practically is:

Positioning: if you’re fighting another person and you’re standing or otherwise positioned in an advantageous way (perhaps on top of them), you have the upper hand Speed: If neither of you are in an advantageous spot, you need to be fast, to get to the advantageous spot first before your opponent to gain the upper hand
Mar 11, 2023 • 4 tweets • 2 min read
Important to remember that it was planned to look sympathetic (pensions, foundations, etc.) so you’d bail out the bad actors In case it wasn’t clear the folks who caused the crisis dgaf about your pension or university endowment…they were happy to lever the 💩 out of it when it was profitable to them to do so…now that it’s a crisis you have to save them “for your own sake”
Mar 11, 2023 • 5 tweets • 1 min read
While the media is flooded with whiny bailout calls…saw a company today having a “bank run sale” (a discount on sales of current inventory in an effort to convert to cash shoring up B/S liquidity)…creative proactive solution to adapt to an environment that they didn’t cause …admirable (saw a few others asking for advances from clients for future services to insure continuity of ops…also a creative effort)
Mar 11, 2023 • 4 tweets • 1 min read
This is a very good take (assuming FDIC does what the FDIC is tasked to do as a regulator…protecting depositors)…the real risk to the system is deleveraging…SVB was in the business of giving out loans on excessively favorable terms…credit extension likely just got tighter… & leverage will be washing out of the VC ecosystem…which is actually healthy for the ecosystem
Mar 9, 2023 • 62 tweets • 18 min read
This is nothing against Mark who is just laying out arguments re SVB…however re #5 in the near future a bunch of middle and lower income ppl are going to lose their jobs and when they do it’ll be blamed on something exogenous… “couldn’t be helped, no one could have known… I guess Dutta has decide he’s going down with the ship on the soft landing front 😬 Image
Dec 5, 2022 • 10 tweets • 3 min read
Bc all debt is denominated in USD and then hedged via swap…when it comes time to unwind there should be a mad rush for USD (a proverbial “run” on USD)…that’s why BIS would care it’s a settlement/liquidity problem…Fed knows this and has already front run the issue by setting up swap lines so that in a “run” USD should be readily available. Similarly bc a lot of leverage is generated via a carry trade by swapping USTs in repo and then buying higher yielding assets…a so called “collateral transformation” trade… we could also see a run on USTs as folks
Nov 4, 2022 • 16 tweets • 3 min read
Hey Steve, happy to…I think A’s CEO is being surprisingly honest and candid…taking it in parts: 1) all assets are correlated w/the Fed…Fed pushed so much liquidity into the mkt that it raised all boats, that works the same in reverse & is going to be painful b/c it destroys diversification you might otherwise expect (if everything is correlated nowhere is safe)…that creates a risk of “fire sales” like we already saw in England…if everyone has been corralled into the same trades it creates a risk of forced selling into a mkt
Sep 26, 2022 • 17 tweets • 3 min read
Hey folks quick 🧵revisting the various facilities the Fed has to deal w/ dollar funding issues since they may become relevant. I’ve endeavored to speak plainly for ease of comprehension so if you are a funding mkt guru please forgive the lack of precision in some concepts. Foreign Liquidity Facilities:
1) FX Swap Lines: Currency exchange between central banks (e.g. Yen for USD). Nothing special here it’s just a currency swap between central banks.