BC TWITTER
Saved by @CodyyyGardner

Here are 20 of my best threads from 2020 covering personal finance, entrepreneurship, economics & finance, investment banking ++ useful resources.

Massively grateful to everyone who took time out to read, comment & share these across the year. I really appreciate you.

[Thread]

 1. Breaking-in – study notes, free textbooks & past papers
https://t.co/vC2kAXeRWI
2. Breaking-in – the job connector thread
https://t.co/m1e6AX7ydJ
3. Breaking-in – book smart vs. street smart
https://t.co/SqeNkOQkMo
4. Personal Finance – MEGA Property Thread
https://t.co/pT1y4PfXPt
5. Personal Finance – Good time to buy a house?
https://t.co/rWAhV1hYeU
6. Personal finance – property stockvels
https://t.co/N4xSWIUZ8M
7. Personal Finance – Crowd1
https://t.co/AUbUv9D9H5
8. Entrepreneurship –Raising Capital
https://t.co/v81clU04xX
9. Entrepreneurship – Surviving corporate
https://t.co/fOv45afkQQ
10. Entrepreneurship – Privilege of capital
https://t.co/MbCsT8A4Pe
11. Entrepreneurship – networking
https://t.co/IU95NkxhIr
12. Economics & Finance – Oil Prices
https://t.co/fmVvK6J7a6
13. Economics & Finance – Fiscal stimulus
https://t.co/GqF5ajrruP
14. Economics & Finance – Net worth
https://t.co/obl2o1wewU
15. Investment banking – casual dining deals
https://t.co/AwLVJc967E
16. Investment banking – Kylie cosmetic deal
https://t.co/wyS9IyZHiS
17. Investment banking – IPOs
https://t.co/eZkeHS9lTx
18. Investment banking – Kanye, Yeezy deal
https://t.co/ELxXp9fHQg
19. Investment Banking – OnlyFans
https://t.co/BIza8YK215
20. Investment banking – Hertz deal
https://t.co/QXxDMaMRpQ
BONUS THREADS: The BankerX Mega Resource Thread
https://t.co/Hqvp941J4M
Shout-out for making to the end!

For more threads, resources & useful links - feel free to join our Telegram channel at https://t.co/v3uNq6IvBk

You can also check out @Banker__X & https://t.co/XU09rc61BD.

More from Koshiek Karan

Koshiek Karan
Koshiek Karan
@iamkoshiek
You're about to invest in the next biggest company to list on the stock exchange. You dream of a luxury island & a private jet - but you end up eating canned food instead.

Here's a guide to the insider secrets of IPOs [Thread]

Hold on, what is an IPO? Indian Police Officer?

No, it's an Initial Public Offering

It's when a private company issues stock to the public to raise capital. Facebook, Airbnb & Apple are IPO companies

It's not just US companies. I worked on IPOs in London, Johannesburg & Lagos

"The Roadshow/ Marketing"

The IPO process can be long!

The company hires a few investment banks to go out & sell the story to investors. Think of it as a series of dates. Do you tell her you leave towels on the floor on the first date? No.

Investment banks sell the highlights

Pro-tip: NEVER invest into a company purely off the company roadshow materials. Having spent hours curating these docs - the wording is ALWAYS massaged.

Your go-to is the prospectus - the Bible for an IPO

Here's the Airbnb prospectus - check it

What should I be looking for in the prospectus?

Just like your cheating ex - don't focus on what he's saying, focus on what isn't being said.

- Forecasts: always take these with a pinch of salt
- Key risks: dry but important
- Why we need the money: MOST IMPORTANT!
TRADING
Koshiek Karan
Koshiek Karan
@iamkoshiek
Step by step guide on how to buy/ sell tweets

You're essentially minting a tweet, creating a NFT, transacting on the blockchain & settling payment in ETH


NFT is a non-fungible token

Fancy term for a digital certificate for intellectual property. Think of it like an autograph. Someone pays for your autograph and keeps it as an investment.

Your autograph (NFT) here is a digital certificate of your tweet.

What info is on the digital certificate?

The tweet remains on Twitter under your account. The digital certificate contains metadata of the original tweet.

Metadata = when you posted the tweeted, the time, contents, your digital signature from your crypto wallet

Here's the steps:

1. Verification & Tweet Listing
Login to https://t.co/2UhT8QJTFQ so Twitter can verify which tweets are yours

2. Set up crypto wallet
Add the metamask extension to your browser to interact with cryptocurrency https://t.co/59kxXX5JUt

3. Review & accept offers
TRADING TWEETS
Advertisement
Don Petty Cash
Don Petty Cash
@iamkoshiek
Contemplating quitting your corporate job to become your own boss? [Thread]

Money

Making money is much easier when you have money. More importantly, having dry powder buys you time.

Starting with anything less than 6 months salary can be suicide. Bonus if you can get to a year saved up.

Flicking the switch on monetizing a new business isn't instant.

The fine print

Scrape through your employment contract to check for non-compete clauses, lock-in periods for approaching competitors, policy on recruiting existing employees.

Check what the notice period is, number of leave days you have to cash & how to transfer your pension.

IP

NEVER work on your personal business using a company device. Also resist the urge to send that sexy excel model to your personal email. Imagine chilling in Pollsmoor for a workbook.

Many companies run a check when you resign to check what you recently emailed & printed.

Skills

Level up as much as you can. Make a detailed checklist of everything you want to master before you bounce. Ideal skills are versatile, resilient and future-proof.

The more advanced your skills, the better your chances of someone paying you for those abilities.
ALL
Koshiek Karan
Koshiek Karan
@iamkoshiek
Bonds explained in 90 seconds! [Thread]

Wait, what's a bond?

Very simply, it's a loan.

Instead of borrowing money from a bank, a company (or government) will borrow from investors. So investors will give the company money & in exchange they get paid interest (called coupons)

Fancy term for the IOU is "bond issuance"


I'm an investor, how do the mechanics work?

Company sells you a bond for $100 and promises you 5% every year for 3 years. They also pay you $100 at the end.

Yr 1: $5
Yr 2: $5
Yr 3: $5 + $100

That's $115 (or a 15% return) after 3 years. Right?

The real return is closer to 10%


Why are my returns so much lower?

$100 today is worth more than $100 in 3 years from now - yes, inflation!

Even at a modest 1.5% inflation each year, the $100 you give up today is worth less than $96 in 3 years from now.

ILBs (inflation linked bonds) try & help solve this.


How come bonds are always quoted in yields (%s) instead of actual prices like shares?

Bonds have different maturities* & coupons - quoting a percentage makes it easy to compare different bonds & compare against other assets.

*Maturity = time to get paid back (3yrs in example)
BONDS
Koshiek Karan
Koshiek Karan
@iamkoshiek
Running a small company or need cash for your side hustle? Here's the ultimate capital raising guide [Thread]

Ways to raise capital:

1. Bootstrapping
2. Bank Debt
3. Working Capital/ Revolving Facilities
4. Angle Investors
5. Venture Capital
6. Private Equity
7. Crowdfunding
8. Government Agencies
9. Get a Business Partner
10. Funding competitions

1. Bootstrapping

The cheapest way of funding. Build the company with savings & family contributions. Privilege is a massive factor in getting off the ground.

Jeff Bezos' parents ploughed $245k into his e-commerce startup. Bill Gates' parents funded his founding company.

2. Bank Debt

Banks take credit risk which means they're often fucking conservative. They will focus on your ability to repay the debt & pricing depends on the probability of you defaulting*

*Pro-tip: don't use bank funding to frequent strip clubs, use shareholder money instead

3. Drawdown facilities

Probably the most underused, useful type of funding. You can borrow against the assets of your company for really cheap. Most companies have short-term liquidity issues

I have worked on deals where these type of facilities were used to buy small companies
ALL

More from Twitter

Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
Today's Twitter threads (a Twitter thread).

Inside: Privacy Without Monopoly; Broad Band; $50T moved from America's 90% to the 1%; and more!

Archived at: https://t.co/QgK8ZMRKp7

#Pluralistic

1/


This weekend, I'm participating in Boskone 58, Boston's annual sf convention.

https://t.co/2LfFssVcZQ

Tonight, on a panel called "Tech Innovation? Does Silicon Valley Have A Mind-Control Ray, Or a Monopoly?" at 530PM Pacific.

2/


Privacy Without Monopoly: A new EFF white paper, co-authored with Bennett Cyphers.

https://t.co/TVzDXt6bz6

3/


Broad Band: Claire L Evans's magesterial history of women in computing.

https://t.co/Lwrej6zVYd

4/


$50T moved from America's 90% to the 1%: The hereditary meritocracy is in crisis.

https://t.co/TquaxOmPi8

5/
TWITTER
President Warren G. Holidays
President Warren G. Ho...
@PopeAwesomeXIII
'Twas the night before Christmas, and all through the tweets
Not a user was stirring, not even in fleets
The drafts were all scheduled for the a.m. with care
In hopes that virality soon would be there

The children were all nestled all snug in their snaps
Their instas, their twitches, their lit tiktok apps;
And mamma in her Pinterest, and I in my LinkedIn,
Had just settled down (the edible had kicked in)

When out on the lawn there arose such a ruckus!
I cursed the doorbell stream app I'd deleted for 'Among Us'
Plus the wi-fi was down, so I leapt from my bed
Flung open the window and lifted it over my head.

I could see nothing, I was in no mood for jokes
Snowblinded by moonlight, climate change is no hoax
When what to my furious eyes did appear?
The outline of a sleigh, and eight tiny... I wanna say, deer?

With a round little driver, he was no kind of runt
It was either St. Nick or a damn YouTube stunt.
More rapid than retweets, they came on like vandals
And he whistled and shouted and called out their handles
TWITTER
Advertisement
Alex Llull
Alex Llull
@AlexLlullTW
A big part of my tweets are inspired by other people's content.

I bookmark everything that looks interesting and go there when in need of inspiration.

This is a thread-recap of the best-saved tweets from 2020 (for me at least) and what you can steal from each one. 🧵👇


The year chart by @jakobgreenfeld

What to steal: the idea and the design

Create a chart with the key moments of your growth. It's a great reflective exercise for you and it can be a great learning experience for your


Let's collaborate by @aaraalto

What to steal: the idea.

Creating a blank piece of content (could be a sentence, a design, a video...) that your audience can later


Advice to first-time info product creators by @dvassallo

What to steal: the insight

This tweet was one of the sparks for me writing the Twitter Thief ($1,3k revenue says it's good


How to be a better writer by @JamesClear

What to steal: the insight

A world-class writer giving free writing lessons. The tweet is from 2019 but I discovered it this
TWITTER
Gustavo Turner
Gustavo Turner
@GustavoTurnerX
https://t.co/Q4HqU5GtQa


For those who are asking: Twitter froze my account for 12 hours and penalized me with "a warning" because of my reporting on a religious organization (initials E.C.) who is behind the current anti-Pornhub campaign. (1/2)

If you google public record information on the leader of that campaign (initials L.M., a public figure) plus the words "Justice Defense Fund," you can take a guess as to why I was "reported."

Twitter punished me for literally doing my job.

Religious groups are already abusing the "reporting" system WITH SECTION 230 IN PLACE.

Imagine the future of journalism once Section 230 is repealed or reformed.

(Yes, I have receip†s.)

(No, I won't be using this platform as I have been. I've been "admonished" on the word of a religious lobby.)
TWITTER
Will Wilkinson \U0001f310
Will Wilkinson 🌐...
@willwilkinson
This is why I'm not a critic of "cancel culture." It's crucial to impose social costs for the breech of key social norms. The lesson of overreaction is that we need to recalibrate judgment to get it right next time, not that we need a lot more bad judgment in the other direction.


Obviously, people will disagree about which norms are important, about how bad it is to violate them, and thus about how severe the social cost ought to be. That's just pluralism, man, and it's good.

It's important to openly talk through these substantive differences, which is why derailing these conversations with hand-waving moral panic about "cancel culture" is obnoxious and illiberal.

Screaming "cancel culture!" when somebody pays a social costs other people have been fighting hard to get others to see as necessary is often just a way to declare, with no argument, that the sanction in question was not only unnecessary but in breach of a more important norm.

It's impossible to uphold social norms without social sanctions, so obviously anti-cancelers are going to want to impose a social cost on people they see as imposing unjustly steep social costs on others.
TWITTER

You May Also Like

Pulp Librarian
Pulp Librarian
@PulpLibrarian
Many readers have asked me "why do so many pulp covers feature women in ripped red blouses standing in swamps while a man fights off an unusual animal attack?"

The answer is artist Will Hulsey...


Will Hulsey was the undisputed king of the animal attack pulp cover. You name it, he'd paint it attacking you in a pool of stagnant water.


Very little is known about Will Hulsey, but he worked on a number of men's pulp magazines in the 1950s and early 1960s including Man's Life, True Men, Guilty, Trapped and Peril.


Their audience was ex-GIs: during WWII the US Council of Books in Wartime had given away over 122 million books to American servicemen to read; this led to a post-war surge in paperback and magazine sales amongst these newly enthusiastic readers.


As a result the 1950s saw a raft of men's pulp magazines being published to tap into this market - almost 200 different titles!
CULTURE
\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
Sri Parasurameswara Swamy Mandir, Gudimallam, Andhrapradesh

Gudimallam is a small village located in Chittoor district. It is seven miles away from Tirupati. This small village came to significance,due to it's very beautiful Shiva Mandir with history of thousands of years. 1/n


The main importance of the mandir lies in the Linga which is housed in the Garbhagriha of the temple & considered as the only one of such type. It is the earliest Linga discovered so far and it has been assigned to the 3rd century BCE.(Satavahana period) 2/n
ALL
Advertisement
WORLD OF SANATAN DHARMA
WORLD OF SANATAN DHARM...
@world_sanatan
WHY BABUR NEVER TRIED TO ATTACK SRI KRISHNADEVARAYA ?

A🧵u must read

It is very well known that Babur considered Krishna Dev Raya as the strongest ruler of the entire subcontinent, and Vijayanagar empire the strongest during that time in India.

1/10


The Vijayanagar empire reached its peak during 1509-1529 around the reign of Krishna Dev Raya.

Vijayanagar’s famed elephant brigade 👇

2/10


At his command there were over 50000 elite troops with a regiment of Portuguese gunners and 3200 cavalry with 600 elephants.

3/10

Along with that more than four hundred thousand ( four lakh) peasant levies and irregular military made this empire one of the largest in all of South Asia.

A typical Vijayanagar levie soldier 👇

4/10


During Baburs invasion, Krishna Dev Raya ruled supreme in all of deccan.

In fact, in an all our brawl, Krisha Dev Raya will beat Babur fair and square.

Babur could muster at max 50000 troops with 50 canons.

While Krishna Dev Raya had these numbers in Hampi alone

5/10
ALL
Zena Hitz
Zena Hitz
@zenahitz
I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x


The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x

Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x

The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x

It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
CULTURE
Suhas S. Hardutt
Suhas S. Hardutt
@HarduttSuhas
THE BATTLE OF PRATAPGARH (10 Nov, 1659)

Chhatrapati Shivaji Maharaj's impeccable military genius and matchless courage humbled the Adil Shahi Sultanate.

The beginning of what was to come later for the M0ghuls from one of the most indefatigable defenders of Dharma!

(Thread)


Shivaji’s growing influence in Maval region, made him a threat to the Adil Shahi ruler of Bijapur who sought to restrain him. The man who was given the responsibility of this mission, was their commander, Afzal Khan. Afzal was a formidable warrior known for his ruthlessness.(1)

His strategy was to bring Shivaji out into the plains, where he held an advantage, compared to the rocky Deccan terrain. Afzal attacked the holy town of Pandharpur, and later demolished the temple of Bhavani at Tuljapur to instigate Shivaji in a bid to bring him out.(2)

Shivaji was angry but remained patient. Knowing that he could not defeat Bijapuri Sultanate in an open battle, Shivaji moved to Pratapgarh fort, located on rocky heights, surrounded by thick forests of Jawali.(3)

This set the pattern for future Maratha attacks, using guerrilla warfare against larger invading armies rendering them ineffective in unfavorable terrain.(4)
HISTORY