BC BUSINESS
Saved by @ThomassRichards

I just keep being surprised by how many people expect all business to run as usual despite the fact that we're into year two of a worldwide pandemic.

 Like.... anyone notice how many people's jobs got a ton harder? Or how many people lost their jobs, or the prospect of even being in the running for employment?
Anyone notice how many people now have massively heavier care responsibilities -- for children, parents, elderly relatives and friends, you name it?
Anyone notice the massive, unceasing level of stress that comes from mixed messages coming from govts, bungled safety policies and vaccination plans, endless lockdowns?
Every now and then I see someone miffed that some inessential thing hasn't gone as quickly or as efficiently as they'd have like, and I have to wonder -- are we living on the same planet?
I don't judge a bit of frivolity in these circumstances. People need some distraction now and then. Staying with your eyes glued to the news will tank your psychological resilience. That's not what I'm talking about.
I'm more thinking about this expectation that the capitalist machine just keeps running running running, even when the labour is not necessary for the comfortable support of human life, even when the labour is *unpaid*.
And yes we should all do our jobs and our duties by each other, or try to. This pandemic will last for years, we have to hold on to some kind of normality. But if we can't be at least a bit forgiving of each other in a worldwide pandemic, when can we be?
Remember the think pieces last summer about how we'd finally get a chance to slow down?

Turns out we decided instead to cram even more work into everyone's lives, with even fewer pauses.
It's not a matter of when people start burning out. People are already burning out. And I mean more than medical workers or ppl in other essential services, whose lives have been on the line the longest. I think we will see huge rates of stress-related conditions.
I realize I'm tilting at windmills when it comes to the larger societal structures that make no space for human bodies, human souls, human emotions, human limits.

Institutions don't do their math that way for the most part. They can always push people harder.
But... can't thoughtful individuals do better? Do we have to react with aggression when nonessentials aren't delivered right away? Can't we build in some understanding that others are dealing with pressures we might not even know about?
I'm super freaking privileged. But one of my closest family members was in the hospital three times last year, and another twice. During Covid. I've feared for both their lives, and I can't travel to see them. Only typing this can I even admit how hard it is. I just repress.
People in my circle are dealing with depression and massive anxiety. With job loss and broken up relationships. They are caring for relatives with terminal illnesses. They are handing older folks who are vulnerable and faltering.
Of course, people *always* go through difficult life circumstances that we don't always know about, so those of us who are adults probably should have learned to do that kind of empathetic accounting earlier.
But isn't it pretty darn simple now to assume that someone might, just might, be seeing some part of their life fall apart right now? Can we ask each other for what we need with gentleness and not scorn or rage?

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James Hanson
James Hanson
@jameshanson87
$CCIV / LUCID MOTORS

DD Thread ⤵️


The $CCIV leadership team:


I will highlight who I believe are the key players.

Starting with Sir Jony Ive, who was the Chief Design Officer at Apple Inc for over 20 years. (Connections to Apple are never a bad thing..)


Andrew Leveris is the former CEO of The Dow Chemical company who also just happens to be a board member of, you guessed it - Lucid Motors, further supporting SPAC rumors.


As the former CEO of Ford, Mulally brings a wealth of motor industry experience to Churchill Capital and Lucid Motors.
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Nick Huber
Nick Huber
@sweatystartup
A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.
BUSINESS , REAL ESTATE
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Nick Huber
Nick Huber
@sweatystartup
If you're new to real estate twitter this is a must-read.

A thread on how most real estate folks structure deals with outside investors.

Most GPs utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.
BUSINESS
Sahil Bloom
Sahil Bloom
@SahilBloom
THREAD: The story of the week in finance is how a group of retail traders at @wallstreetbets, with assists from @ElonMusk and @Chamath, took down the establishment short sellers at GameStop.

A thread on the underlying mechanics of the $GME saga...


1/ First, for those unfamiliar with the business, GameStop is a videogame and merchandise retailer.

It has >5,000 stores, primarily in malls, across North America, Europe, and Australia.

The business has struggled to modernize, hurting its financial and stock performance.


2/ For a variety of business reasons, a bull (i.e. optimistic) case regarding its future performance has formed.

It really came to the forefront after RC Ventures, an entity managed by Chewy founder @ryancohen, disclosed a large position and assumed three board seats.


3/ @ryancohen summarized his case, stating:

"We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets...expanding the ways in which it delights customers and by becoming the ultimate destination for gamers."

4/ At the time of that statement on January 11, $GME stock was trading at about ~$20 per share.

Since then, the stock has surged to ~$200 per share and captured the public imagination.

But how did it happen?

There are two dynamics at play: a short squeeze and a gamma squeeze.
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modest proposal
modest proposal
@modestproposal1
Good news everyone, Jay Hoag gave us the simple 5 point playbook for finding Magical Companies in consumer technology.

1. product offers combo of value, convenience, selection
2. there's tremendous engagement
3. a virtuous cycle
4. tremendous execution
5. kinda crazy leader


Obviously Jay Hoag on ILTB is as self recommending as it gets
BUSINESS

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I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


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Nikita Poojary
Nikita Poojary
@niki_poojary
Catch me if you can @Mitesh_Engr

Time for a🧵
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• Monthy Expiry
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In collaboration with @AdityaTodmal


Edward de Bono says intelligence is like a🚗 Automobile

“A powerful car may be driven badly. A less powerful car may be driven well. The skill of the car driver determines how the power of the car is used.”


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How to Select Strikes to Sell?

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Kanekoa
Kanekoa
@KanekoaTheGreat
*The Evidence Collection*

There is overwhelming evidence of election fraud. Therefore it is the duty of the Executive, Legislative, & Judicial branches to throw out the fraudulent votes & to honor their oath to protect & defend the Constitution of the USA.🇺🇸🦅

A list below.🔻


1/ Navarro Report: The Immaculate Deception - Six Key Dimensions of Election Irregularities -

2/ Analysis of 3,000 U.S. counties shows Joe Biden received 5.6 % more votes in counties using Dominion Voting Systems (Video) -

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David Rothkopf
David Rothkopf
@djrothkopf
Trump on climate: I don't believe it. Trump on Khashoggi: I don't believe it. Trump on Russia: I don't believe it. Idiocy? A canny game? Doesn't really matter as much as the underlying intellectual autocracy. In this administration only one opinion matters.

It's an assault on facts and reason. It's an assault on good governance. It's an assault on the bureaucracies that are being discounted. It's an assault on science and history. But it is also an assault on one of the underpinnings of democracy.

We live in a system that is grounded on the idea of collaborative government. Leaders may have a final word but even then, there are typically checks and balances. Hopefully, in this case, such checks and balances may work. But they also are being tested.

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Louis XIV reportedly said, "L'etat est moi." That he was the state. Trump asserting that he knows better than all, discounts all advice, that his brain is enough to chart the course for America alone, is essentially saying the same thing.
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STEALTH JEFF
STEALTH JEFF
@drawandstrike
Ok I was wrong about theHouse. 2 years of legislative gridlock = not fun. Few bills passing.

Control of the House is useless when it comes to keeping Trump from declassifying all the SpyGate docs. Or stopping an Inspector General from releasing a report.

Trump still gets control of judicial appointments so we can expect another 100 judges over the next two years. This time there’ll be no McCain or Flake playing the Maverick role with their swing vote.

That new margin in the Senate is huge if another Supreme Court seat comes open.

So from the responses I’m getting, people seem to think if Trump declassifies the Spygate stuff now, nothing happens.

Are you under the impression federal prosecutors have to wait until CONGRESS finishes an investigation and makes criminal referrals before the DOJ can act?

There’s a federal grand jury on McCabe right now. Did Congress ever finish it’s investigation and make a referral to the DOJ against him?

No.

BUT INSPECTOR GENERAL HOROWITZ DID. On finishing his McCabe leak report.

Funny how nobody remembers that.
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