4. A lot of what passes as intuition is just fear in disguise. If you’re not self-aware, fear will consistently steer your biggest decisions.

Quite dystopian

Feel like I can boil down every investment thesis to three things: 1. Why does this industry exist and will continue to do so? 2. Why does this company exist and will continue to do so? 3. At what price is this attractive? Looking at a netsuite implementation shop right now

Has anyone done 2-3 year bonus schedules or catch-up bonuses for PE-backed execs? I have only done annual plans across discrete initiatives (e.g. deploy a by project by client GM dashboard) and KPIs (e.g. EBITDA...ofc) Understand PIU plans typically are what enables longer term

Tangentially...Still believe a 15 page deck that just focuses on what the company does ordered from highest to lowest rev/gp contribution, a comprehensive data book, and sell side QoE is the best... ...yet all CIMs have junky investment merits, nonsensical growth plans, industry

Reminds a few years ago when I was bashing on someone / basically conveying I didn't think they were intelligent (or at least not a rational and thoughtful PE investor)...and the person was like how can that be they went to Harvard ...MBAs are more noise than signal...would bet

DSCR becomes tough when paying 15-20x and no longer zirp 😬😬...always liked the space but never the prices

Many moons ago I had an interview at Citadel in Chicago...when I got there the elevator was broken so I walked up 30 flights up stairs in a suit and tie / dress shoes. Crushed the interview and went for the second round, guy brings up the story loving it...I bomb that round even

Most AI wrappers are uninvestable because as they scale the LLMs take notice and then just dupe them

In a post Kindle, sub stack, YouTube, chatgpt era getting an MBA for the "educational" part is the last thing you should do. Go to top 7 for network / brand if you want a two yr break. Work in a portfolio company if you want to really learn ops PEoperator ⚡️ Hate to see someone

What happens when a -5%-5% FCF margin company loses 5% of revenue 🤔🤔

I don't think ppl really understand what below 85 IQ means. Every other word is a swear word and anything past two threads in logic doesn't occur. Grew up in a town where a 17 on ur ACT was a normal to good score...but these people will honestly be fine (until significant

Why is everyone in st tropez this summer ?? Younger ppl plz opine what happened

When did real estate get rebranded to real estate private equity?

Ngl asking chatgpt ur IQ is a kinda fun party game

Meat good, live long...but feels feels like all the longevity experts disagree with that statement. Bryan Johnson any corrorabting research that meat is better for longevity / health in general? Feels like the studies attacking it are around processed slop but haven't found

Spoken like someone who still uses their mouse in Excel

CaaS wasn't on my 2025 bingo card but I love it

Feels like avg wedding I've gone to is $75k...above 50-75k ones most of those r parents money