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

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
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
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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
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
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

More from Twitter

Atharva Kharbade
Atharva Kharbade
@athrvakhrbde
A guide for ambitious teenagers who want to grow

This thread contains guidance related to:
• Twitter Networking
• Avoiding Naive bBlunders
• Growing on Twitter
• And anything I could tell advise you like an elder brother

Thread Continued

No one is perfect from the beginning. Self development is a journey.

I made almost all of the mistakes I've mentioned further in the thread

1/

Be patient when you reach out people (especially the ones with more than 1k followers) on Twitter

You may not get reply for couple of days. This happens cuz the person has many DMs pending and is left with no bandwidth to reply

2/

So don't be like "???" or "will you reply???"

Be more generous in the approach. Follow up more politely with sentences like "looking forward to your reply"

3/

Whenever you send a Cold DM, keep the message short and precise.

@palakzat and @SumneshSalodkar guided me in the right direction with this
TWITTER
Rae Sanni
Rae Sanni
@raesanni
"Leftist" twitter (i use quotation marks bc twitter leftists are bogus, not that Leftist ideology is bad) makes real progressives look really bad. And if you're wondering, *Britney Spears voice* I'm Not a Liberal, Not yet a "Leftist"

I'm fairly progressive. Elizabeth Warren was my #1. I know there are associations ppl make w white women who support her, but my black self liked her bc she has progressive values and seems fit to hold office. Bc progressivism in practice needs someone who knows how to govern.

She was called a snake by "leftists" for myriad reasons, but one of them was not quitting so Bernie could win. LMAO. Seriously.

That's when I noticed twitter "leftism" was a cult of personality. Bc if the closest person ideologically to Bernie is a snake for differing on her healthcare plan (not ideologically btw, just practically), then this shit is about that man. Not ideology.

Twitter "leftists" also have a race problem. HUGE race problem. "Solving class will help racism" is a STUPID political philosophy anyway, bc foundationally American economics is racist. Literally we're a world super power bc we didn't pay slaves for a century
TWITTER
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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
.
.
@marcie_hatter
I’m not a scientist, so obviously do correct me if I’m wrong. (Heck, this is twitter, I don’t need to ask that do I?)

BUT a virus doesn’t mutate in *nothing*, does it, it doesn’t mutate when it’s on the handle of the supermarket door or even in the air you’ve just breathed out.

It mutates *in a host*. And the most sure fire way for a virus to find a wide variety of hosts in which to mutate is to do precious little to control the spread of the virus. To have policies which amount to “take it on the chin”. To have an ‘acceptable’ death level.

To allow the virus to run absolutely rampant through one section of the population (children) because stopping it doing so would mean making a politically unpopular decision (closing the schools).

Seen some people (scientists, I mean, not your uncle Jim) saying this virus is now more transmissible in children and like... what did they THINK would happen if you allow the virus unfettered access to kids?

It adapts! It adapts to its fucking hosts! It becomes better at infecting them! Like, the whole fucking point for a virus is to be able to make copies of itself. It’s actually not that arsed about killing or harming you.
TWITTER
Dickie Bush \U0001f6a2
Dickie Bush 🚢
@dickiebush
If you use it right, Twitter is the most powerful platform in the world.

But Twitter does a horrible job of showing you its advanced features.

Here are 10 of them you probably know nothing about:

The most underutilized Twitter feature: advanced search.

It blows my mind how few people know this.

Want to find someone's best tweets?

In the search bar, type:

from:dickiebush min_faves:500

Replace the handle and the number of likes as you see fit.

Another good advanced search tip:

Want to see everyone's tweets on a particular topic?

In the search bar, type:

from:dickiebush "consistency"

Again, replace the handle and keyword as you see fit.

You can filter by popularity too:

from:dickiebush "consistency" min_faves:100

We all have those people we don't want following us, but don't want to block.

Here's a good hack:

Block them, then unblock them.

This will unfollow you, but they'll never know.

Get mentioned in a tweet that is receiving way too many replies, turning your notifications into a disaster?

I've been there.

Click to expand the details of the tweet, then click the three dots on the top right-hand corner.

Then, click "mute this conversation."
ALL , TWITTERTRICKS , TWITTERFEATURES

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Enigma
Enigma
@ainittomai
On December 25 Mr Pool retweeted August 16 message about the Phoenix and that the worst was still on the horizon to come. 1/*


Maybe now we can assume that November 3 message meant "FUD" nor "FUN". Putting the word in capital letters seems to indicate the aspect the word fud has in our space, FUD. 2/*


Brad started it on December 22 (1/3 posts (Don't say? Sure) = 13 = Plan B). 3/*


And immediately the SEC followed dropping the bomb (1.3 billions (Don't say? Sure) = 13 = Plan B). 4/*


FUD materializes, Bitstamp is one of the first that haltes XRP trading and so on. 5/*
FOR LATER READ
Katie Mack
Katie Mack
@AstroKatie
Light travels at about 1 foot per nanosecond.

Hold your hand up 12 inches from your face: you’re seeing your hand as it was a nanosecond ago. Everything you look at is, to one degree or another, in the past. The farther away in space, the more ancient in time.

You can’t see the Sun as it is now, but you can see it as it was about 8 minutes ago. You can’t see Alpha Centauri now, but you can see it 4.4 years ago. You can see the Andromeda Galaxy as it was 2.5 million years in the past. And so on.

With powerful telescopes, we can see galaxies whose light has been traveling to us for more than 13 billion years. We see them shining in a universe that’s still young, where gravity has just begun to pull matter together into stars and galaxies.

We can see something even more distant, and more ancient, than the first galaxies. If we peer out far enough, in between the galaxies, we can see parts of the Universe that are so far away, it has taken the light from that distance almost the entire age of the cosmos to reach us.
SCIENCE
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Greg Olear
Greg Olear
@gregolear
Trump is a Russian asset, a mob money launderer installed by his mob whoremasters to sow chaos and weaken the US & our allies.

EVERY SINGLE THING HE’S DONE since taking office is to achieve those purposes—that and to enrich himself personally.

[THREAD]


1/ His entire family is part of this. Melania is a fucking crook. Ivanka is a fucking crook. Junior and Gums are fucking crooks. They will all die in prison, except for Kushner, who, if he really *did* trade US intel for money, should be executed for espionage.

2/ Why do you think Trump installs uniquely corrupt & awful people to Cabinet positions? Pruitt, Zinke, Betsy, Rex/Pompeo, Wilbur "Melting Nazi Face" Ross. They are not there to serve us. They are not there to drain the swamp. They are there to BURN THE REPUBLIC DOWN.

3/ Trump steals. He takes taxpayer money—your money and mine—and lines his pockets with it. He exploits his office to make himself richer. This is all he cares about. Why are Republican citizens, you “fiscal conservatives,” not more angry about this? Riddle me THAT, #MAGA.

4/ Matt Whitaker, the human dildo and “acting AG,” was illegally installed to throw a monkey wrench in the Mueller investigation. That’s why they won’t release his financials. He’s fucking bought and sold. He’s going to prison for obstruction.
POLITICS
Andrew Chen
Andrew Chen
@andrewchen
1/ new essay: What's next for marketplace startups? Reinventing the $10 trillion service economy, that's what. Co-authored with @ljin18 https://t.co/fgKbrHTnH5. A short thread 👇

2/ Marketplace startups have done incredibly well over the first few decades of the internet, reinventing the way we shop for goods, but have been less successful services. It's bc services are complex, subjective, fragmented, and often in real life. Makes it hard

3/ There's been 4 major eras at making the service economy work online. The Listings Era, the unbundled Craiglist era, the Uber for X era, and the Managed Marketplace era


4/ Each era has added more value than the last, and utilized technology innovations, from internet to social / "read/write web" to mobile. The "Unbundling Craigslist" era was particularly epic at generating startup ideas


5/ The problem is, all the low-hanging fruit has been picked off. The techniques that got us to here won't get us to the next phase. So we have to do some pretty different things. That's why "Managed Marketplaces" have been a big deal - hire folks as W-2s, certify quality, etc.
STARTUPS
Elon Musk\u2019s Meme \U0001f171\ufe0fot
Elon Musk’s Meme 🅱️ot...
@theMemesBot
Thats a gg, Satan
FUN