TLDR in this thread
Ever wonder why mortgage is a sh*t show?
Mortcos used to give out loans willy-nilly, then '08 happened, and now they’re mandated to underwrite loans using verifiable information only.
So they ask you for 28+ financial statements, which takes them 45+ days to collect & approve.
Dec 16, 2021 • 7 tweets • 1 min read
Hm should I do @threadapalooza 100 takes on crypto/web3?
1/ so far crypto has shown clear PMF for 3 things:
1. Digital dollars 2. Narrative casino (tokens, NFTs) 3. Money laundering (seems mostly out of China, initially?)
2. Is most interesting to unpack. 1. Is super impactful outside the US, not to be underestimated
Oct 14, 2020 • 10 tweets • 2 min read
Business school in 8 tweets 😎👇
1. PRODUCT
Delight your customers, and everything else becomes easier. Create an experience that makes them feel something, rather than just cheaper/faster/better
Jun 22, 2020 • 16 tweets • 4 min read
In a podcast between @naval and @KapilGuptaMD, one useful concept they discussed was "prescriptions"
I constantly fall into its trap, and you probably do too...
A prescription is essentially any "how-to". Techniques, guides, hacks, and methods. Anything with a promise of getting you from A to B
It can be a literal guide. Or looking at examples of what others have done in the past. Or asking for advice.
May 3, 2020 • 26 tweets • 6 min read
How our current shortages (medical supplies, toilet paper, etc) are easily avoidable
and how they relate to the financial concept of Liquidity 💦
Bonus: implications for your business and society ⬇
Empty shelves. Nurses without protective gear. Erratic market behavior and price collapses.
Apr 26, 2020 • 23 tweets • 4 min read
"IBM has bought back $140 billion in stock over the last 20 years, its current market cap is $110 billion today" goes the tweet.
Is this bad? Are buybacks evil? What about dividends? An especially timely topic in the context of federal bailouts of entire industries ⬇️
The initial quote is actually misleading.
They've bought back $140B in stock over the last 20 years. They've also paid out another $40B just in dividends since 2010!
They've given back way, way more to shareholders than their company is worth today.
Apr 25, 2020 • 76 tweets • 26 min read
1 like = 1 finance/markets/trading concept described in a tweet
Also, am taking requests
Markets are made up of people, with different agendas. Big, small, aggressive, patient. They reveal their intentions by how they trade -- patterns in order placement and execution. A healthy market has a large diversity of animals in the zoo.
1/ A lot of rich people are assholes because… they can get away with it. When you have enough money, you don’t "have to" put up with social norms if you don’t want to
May 19, 2019 • 28 tweets • 8 min read
The hardest part about doing something new is figuring out how to communicate it in an accessible and impactful way
The fruits of innovation are held back by bad messaging, a bad brand.
1/ Curiosity is a trait that I value and aspire to embody. And yet I rarely hear about how to do so
2/ First, what is it and why do I care? Curiosity feels like an urge to observe something in the world "as it is"
