Casey @digitizeme

2034 calendars

Science girl @sciencegirl

a year ago

What’s something that will become obsolete 10 years from now

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@reachvaldo 🔥

Mindset hack

Dylan O'Sullivan @DylanoA4

3 years ago

One must imagine Sisyphus happy. — Albert Camus

3 2 41 8K 3

@holistikandres 10k

Just wrote a 46 page document revealing the exact step-by-step process I use to make $10,000+/month from Twitter Having a tiny audience and using the one-person online coaching business model Retweet + Comment "10k" and I'll DM it to you (Follow so I can DM you)

@HarryStebbings Life insurance

"I am careful not to confuse excellence with perfection. Excellence, I can reach for; perfection is God's business." - Michael J. Fox

What is strong? As a teen I was obsessed with Navy SEALs. I read all of Dick Marcinko's books and fantasized about surviving hell week at BUD/S. To 17-year-old me it was the ultimate test of badassery. Then, in college I got a lucky opportunity to visit the Navy SEAL training facility at Coronado. I talked to a bunch of real-life SEALs and… They were NOTHING like what I had imagined. They didn’t present as aggressive, swashbuckling alpha dogs. It was the opposite… Most of them were quiet, reserved, and pensive. They were reticent about their personal exploits. They had a quiet confidence that made them even MORE impressive (and intimidating) to me. In the 30 years since, I’ve observed a pattern among men. The most accomplished older guys I know—those who have stood the test of time—exhibit the same unassuming disposition as the SEALs I met at Coronado. Here's the thing: Many young men think strength is… —Exerting authority —Speaking loudly & often —Having all the answers —Never showing weakness But real strength is… — Leading by serving — Listening more than talking — Recognizing how little you know — Being vulnerable The appearance of strength is not strength. And paradoxically, when you make yourself less you become more.

Good read

Fabio | Money ain't wealth @fmarciano

3 years ago

My wife is away on a girl's weekend trip. I had some time to reflect on life. Here are some lessons that might help you. 1. When someone says "just kidding" they're not. 2. A divorced, overweight billionaire is broke. 🧵

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@intentionally Product

@psychepages Swipe

@thecurlypreneur CTA

@osh_alchemy GPT

@reachvaldo 🔥

@picotop Crypto keys

@coachbrucepearl can we get #2 from FDU on the roster next year ? Kid has heart

@FDUKnights Win or lose ya’ll can ball, this is an all time great game!!!!

Lots of really bad takes about SVB. Let’s try and correct This is not a solvency crisis like 2008. Bad loans or poor investments were not made. Money was not lost. So, everyone is going to get their money back. (And please no takes about no interest rate hedging. Asset/liability mismatches are how banking works.) Instead this is an old fashion 1930s liquidity crisis. Too many depositors demanded cash at once (as in right now) and SVB (and SI) could not convert loans and securities (and crypto) to cash that quickly. So, everyone is getting their money back from SVB (and SI), just not at 8AM Monday. And, yes this is a big problem as this is working capital for a lot of companies. They have payrolls to meet and vendors to pay next week. And if they don’t pay bills and employees, they in turn don’t pay their bills and this can quickly cascade into a major economic problem. The important question is why so many demanded their money back at once. And I’m not referring to the last two days. I’m asking about the days/weeks leading up to this last two days forcing SVB to sell securities and realize a $1.8B loss, necessitating a capital raise. Why were depositors withdrawing in big enough amounts before Thursday/Friday? First, welcome to the world of mobile banking. Gone are the frictions of standing in line with tellers instructed to count money slowly. (Media images of lines Friday were largely gawkers) How did $42 billion get withdrawn Friday alone without thousands in line? Answer, your phone! This is not the Bailey Savings and Loan anymore. This should scare the hell of bankers and regulators worldwide. The entire $17 trillion deposit base is now on a hair trigger expecting instant liquidity. Add in social media and millions get a message, like Peter Thiel telling Founders companies to pull out, or Senator Warren gloating that SI went under, and pick up their phone open a Chase account and Venmo-ed their life savings into it in 10 minutes. Instant liquidity (not solvency) crisis with everyone still in bed. Banking will never be the same. The second, and I did a long thread on this on Friday … banks are over-reserved, after 14 years of QE, and are still paying 0.50% on accounts when T-bills are yielding 5.00%. They don’t need to compete for deposits. Initially as rates passed 2%, 3% and 4%, the public did not notice. So bankers thought deposits were well anchored at their bank and not moving regardless of the interest rate paid. But at 5% the public finally noticed, and millions reached for the phone at once and transferred to a money market account or Treasury direct to buy T-bills. Banks were squeezed to convert loans and securities to cash instantly so depositors could leave for better rates. Add in the bleed out from tech firms struggling, and Senator Warrens tweeting with glee about SI going out of business, and depositors at SVB got the message and picked up their phones and acted. This is why I have been tweeting that this has to stop now. The Fed is meeting Monday at 11:30. Too late! They need to meet today (Sunday) at 11:30. What needs to be done? Two things. The FDIC needs to raise the deposit insurance ceiling to unlimited as they did this in 2008. Besides $250k is a made up number anyway. So make up a bigger number. Banks need to get their deposit base to stop figuring out how to buy a 4.5% money market fund. They need to raise the interest rates they pay 3.00% - 3.50%, from 0.50%, immediately. Yes, this will kill bank profitability so expect Bank Execs to balk at doing this. This way the public gets the message that you money is safe, no matter the bank, or the amount, and the rate paid on your money is at least competitive with other alternatives. So, do nothing. Otherwise, if we are all waiting for the Fed to START a meeting at 11:30 Monday, hundreds of billions of deposits will have moved by phone and it will be far worse.

@PeterMallouk Buy signal? 200B in assets seems like a lotto ticket

@dvmin98 @AngelaBelcamino @JoeBiden Must be 1.4 (actually)