Sublime
An inspiration engine for ideas
Aaargh. For the last time, finance people pay for Bloomberg primarily for the chat function, which is a social network for millionaires and billionaires. The $30k price tag is high enough to get rid of the riffraff, it’s a feature not a bug.
Prakash (Ate-a-Pi)x.comSavage line from Bill Gurley's last appearance on Tim Ferriss:
Bill Gurley: So this gets into some of the earlier stuff we talked about, just about how deep you go on investing history and understanding investors.
But Silicon Valley, if there was a scale of financial sophistication between... See more
Grant Gregoryx.comThis looks badass, but these Star Trek-style mission control centers at hedge funds aren’t for operations. They’re a marketing tool. It’s all for impressing LPs.
When the investment committee of the East Ballsville Teachers’ Retirement Fund visits the office, Prescott, the IR rep, will wink and say something like “We’re... See more
Robert Sterlingx.comBill Ackman: "One thing I believe is that the private equity, venture capital and real estate portfolios are mismarked"
Ackman on Harvard and Yale endowment's exposure to private equity and VC. One of the best clips I have seen
From his recent interview at University of Austin... See more
Boring_Businessx.comI’ve been hearing in the Industry lately across IB, S&T, PE shops etc that Ivy League kids and other target grads (athletes excluded) are no longer first hiring choice as everyone is experiencing their sense of entitlement day 1.
Preference for strong state school work ethic
Gordon Gekkox.comYou think you have it bad because your portfolio is down 20% YTD?
Just remember out there somewhere there’s a a Harvard MBA who left a cushy PE job to buy an HVAC company that imports all its units from China and put up a $5 million personal guarantee to close.
Gabriel Tamezx.comWith $FIG we have another massive "POP" highlighting the gross inefficiency in the modern IPO process. It's very simple. They REFUSE to match supply/demand (that happened today). They brag about the mis-match - "30X oversubscribed." The outcome is expected & fully intentional.
Bill Gurleyx.comFrom the @theallinpod last week:
@Jason: “What are these things called when these MBAs graduate and raise a bunch of money to go buy some real business?”
@chamath: “Search funds? Yeah that’s not happening anymore.”
@friedberg: “None of them made any... See more
Chase Murdockx.com