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Short Convexity

@negative_IRR

Followers
4,181
Following
2,708
Media
2,282
Statuses
15,142

Phone call supremacist

Manhattan, NY
Joined March 2019
Don't wanna be here? Send us removal request.
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@negative_IRR
Short Convexity
3 months
You’ve gotta show up at the offices of ppl who owe you docs. You need to breathe on their ear. You need to poke their shoulder & ask where the docs are. You've gotta show up at their house & eat the food off their dinner table & lie at the foot of their bed & hide in their walls
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@negative_IRR
Short Convexity
4 years
Hello I got a B- in biology when I was 15 years old. I’ve been thinking a lot about the coronavirus; A thread (1/4392)
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@negative_IRR
Short Convexity
3 years
I don’t care if the nerds skew the numbers there is a zero percent chance Americans read 12 books on average Zero.
@MorningBrew
Morning Brew ☕️
3 years
Disappointing stat of the day: Americans read an average of 12.6 books in the past year, according to a Gallup survey. That’s fewer books than in any previous survey dating back to 1990. The Scholastic Book Fair would fix this.
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@negative_IRR
Short Convexity
4 years
@Jason Watching this increased my T levels
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@negative_IRR
Short Convexity
4 years
Seems reasonable
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@negative_IRR
Short Convexity
3 years
Men only want one thing… (Mountain house on river)
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@negative_IRR
Short Convexity
3 years
Right but good luck landing Blackstone with a 2.9
@EstateRanger
Real Estate Ranger
3 years
A tip for college grads going into business. No one cares about your 4.0 GPA. The people who get the best jobs are the ones who network and find great internships both sophomore and junior year. If you have no real world experience you aren't going to get hired.
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@negative_IRR
Short Convexity
4 years
*spends an hour checking for stylistic and formatting errors in document before sending to boss* *all clear, sends it* *discovers glaring fuck up immediately after sending*
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@negative_IRR
Short Convexity
3 years
Guy on the east coast who knows I’m west coast suggesting 8:30am ET call
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@negative_IRR
Short Convexity
4 years
What’s some weird/niche shit you’re really nerdy about? If you are tempted to say something finance-related, don’t.
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@negative_IRR
Short Convexity
5 years
@NaturelsLit this is indeed lit
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@negative_IRR
Short Convexity
4 years
Just gonna say it: Fuck WFH. Fuck lockdowns. Fuck all this shit.
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@negative_IRR
Short Convexity
3 years
Gym practically empty and a 20-something Mask Karen running on treadmill just yelled at a guy 2 treadmills over to tell him to pull his mask above his nose I’m burning this place to the ground while I’m still inside
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@negative_IRR
Short Convexity
4 years
Find 👏 something 👏 where 👏 a 👏 lot 👏 of 👏 dumb 👏 people 👏 are 👏 really 👏 successful
@sweatystartup
Nick Huber
4 years
And no. Its not about finding the next revolutionary idea and having a monopoly. "The Blue Ocean Theory". Thats bulls**t. Its a lottery ticket. Find something where a lot of dumb people are really successful. Fish where the fish are. Even if there are lots of fisherman.
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@negative_IRR
Short Convexity
4 years
Another advantage of super simple back of envelope calcs is that errors are easy to identify. If you’ve got a complex pro forma you can go a long time without seeing a really big fucking mistake
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@negative_IRR
Short Convexity
4 years
Did you guys know that houses in the middle of the country are a lot cheaper than in SF and NYC? Wowwwww!!! So crazyyyyyy! I must be the first to discover this amazing fact!!!
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@negative_IRR
Short Convexity
5 years
Been catching up with some friends who went into IB out of college. Anyone who has chosen this route is a literal psycho. Actually what the fuck
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@negative_IRR
Short Convexity
4 years
My models are great in a way just because they’re so simple. skip the whole junior guy overcompensating with crazy complex models...only it’s not because I understood early on that simple=better but 100% because I literally have no clue how to even make a complex one
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@negative_IRR
Short Convexity
2 years
Harvard girl at the bar: “I work at a hedge fund” “Oh yeah which one?” “Bridgewater” 🚩🚩🚩🚩🚩🚩
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@negative_IRR
Short Convexity
4 years
Holy f*** these VC leave SF/bullish WFH tweet threads are getting out of control. SHUUUUUT UPPPPPP
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@negative_IRR
Short Convexity
2 years
@JackBarnett101 I’ll stay at a hotel thanks loser
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@negative_IRR
Short Convexity
3 years
Bro got 98th percentile on the LSAT W
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@negative_IRR
Short Convexity
4 years
What kind of sick motherfucker has $36,000 to drop on rent every month and chooses a place that is 360 SQUARE FEET
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@negative_IRR
Short Convexity
4 years
Do you ever, like once every 10 minutes, ask to yourself: what the fuck is this bullshit?
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@negative_IRR
Short Convexity
4 years
VC’s comparing themselves to MJ. It never ends with these guys
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@negative_IRR
Short Convexity
4 years
For any NYC real estate owners with this outlook: let’s do some deals
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@negative_IRR
Short Convexity
5 years
What are the most overrated & underrated skills in real estate/finance?
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@negative_IRR
Short Convexity
2 years
Principal at our capital partner suggested I did some math incorrectly in the model on a 10+ person call He was wrong
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@negative_IRR
Short Convexity
4 years
If you don’t pace around frantically while on calls what is wrong with u
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@negative_IRR
Short Convexity
2 years
@LiebermanAustin I hate this site so much
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@negative_IRR
Short Convexity
4 years
VCs are officially the biggest pussies on earth
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@negative_IRR
Short Convexity
4 years
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@negative_IRR
Short Convexity
4 years
THIS is my shit
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@negative_IRR
Short Convexity
4 years
TROPHY PROPERTY ALERT. Car wash for $2300 a foot in world class Fullerton CA. Nothing to worry about w soil and groundwater i promise!!! Total steal. all you savvy real estate investors out there wont wanna miss this one.
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@negative_IRR
Short Convexity
2 years
Girl who’s rich as fucking fuck telling me how quitting her investment banking job without another job lined up is sooooo scary
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@negative_IRR
Short Convexity
3 years
Responding “ok” to a long email containing multiple detailed questions is psychopathic behavior
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@negative_IRR
Short Convexity
5 years
No clue how it took me so long to mute downtown brown, jfc
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@negative_IRR
Short Convexity
2 years
Yeah I got a 3.1 in college bro but I know more about real estate than 98% these Ivy Leaguer REPE kids my age put that on god
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@negative_IRR
Short Convexity
2 years
I’d commit terrible crimes to land the role I’m interviewing for Wednesday
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@negative_IRR
Short Convexity
2 years
Always a good sign when u first meeting a buddy’s gf for the first time and she storms off livid within 20 minutes
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@negative_IRR
Short Convexity
4 years
Anyone else feel kinda fucked up the morning after taking melatonin?
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@negative_IRR
Short Convexity
4 years
Ya know what pal, fuck your model
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@negative_IRR
Short Convexity
4 years
@Alphaholic1 1) leverage 2) leveraged 3) lever 4) levered 5) leverage
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@negative_IRR
Short Convexity
4 years
Damn got me in sub 60 seconds. Impressive
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@negative_IRR
Short Convexity
4 years
Ok ok I’ll go: homes in Telluride *start* at $1000 per square foot
@StreetBomber
BSB 💣
4 years
@nimblephatty Why would you live anywhere else? Airport, skiing, biking, fishing, best small town in US
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@negative_IRR
Short Convexity
4 years
Feeling cute might submit an offer on the Salesforce Tower later
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@negative_IRR
Short Convexity
2 years
On god for the rest of my life I will actively professionally and socially discriminate against Harvard alums
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@negative_IRR
Short Convexity
4 years
Levered IRR w 95% LTV @ L+50 & 2.5 exit cap
@moseskagan
Moses Kagan
4 years
Unlevered yield on cost
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@negative_IRR
Short Convexity
2 years
Working at CoStar sounds fun
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@negative_IRR
Short Convexity
4 years
I have a strange obsession with topography
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@negative_IRR
Short Convexity
2 years
If you’re in your 20s making six figs and you venmo request your friend for a $10 sandwich I will find you and shoot you in the face with a large gun
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@negative_IRR
Short Convexity
4 years
I wonder if my superiors are a bit suspicious of how tan I’ve gotten in the past couple months
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@negative_IRR
Short Convexity
4 years
The problem with being an a**hole to people when you think they’re wrong is that in the future they won’t be willing to tell you their actual opinions. They’ll only tell you what you want to hear so they can avoid getting yelled at
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@negative_IRR
Short Convexity
4 years
I knew it was bad but MY GOD
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@negative_IRR
Short Convexity
2 years
Being really good at remembering people’s names is such underrated low hanging fruit
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@negative_IRR
Short Convexity
3 years
Underrated advantage of west coast is the lack of bugs
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@negative_IRR
Short Convexity
2 years
There is a very particular white male face where within literally 1 second of seeing it for the first time you know with 100% certainty they went to a pretentious private high school in the northeast
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@negative_IRR
Short Convexity
4 years
shit shit shit shit shit shit
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@negative_IRR
Short Convexity
2 years
Have been taking magnesium chloride before bed. Haven’t consistently fallen asleep this fast in forever
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@negative_IRR
Short Convexity
4 years
ShutthehellupyouannoyingVCfucks is likely a $100bn company within 10 years. Quick thread (about how you need to shut your mouths):
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@negative_IRR
Short Convexity
2 years
Are there people in New York who realize there are other places in the US with very very good (in some cases better) food? This is a serious question
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@negative_IRR
Short Convexity
2 years
@SofiaHCBBG I am once again asking for your snapchat
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@negative_IRR
Short Convexity
3 years
Have fantasized about owning a shit ton of land in the Rockies for a long time and Yellowstone has only put that fantasy into overdrive
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@negative_IRR
Short Convexity
3 years
Bosses be like I need you to take initiative Also if you ever do anything without my explicit go ahead I’ll kill you
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@negative_IRR
Short Convexity
4 years
Google halts negotiations on largest ever San Francisco office lease at Pier 70 🧐
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@negative_IRR
Short Convexity
4 years
is it fucked up that I kinda love the chaos?
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@negative_IRR
Short Convexity
4 years
Building next to Drake’s in uptown Oakland. Crime against humanity, put out a warrant for these architects
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@negative_IRR
Short Convexity
2 years
Heard someone says “uses and sources” and it broke me
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@negative_IRR
Short Convexity
2 years
New analyst is a huge degenerate LFG
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@negative_IRR
Short Convexity
4 years
This is the actual reason not giving too many f**ks about what other people think is such a superpower. Allows you to expose yourself to tons of situations with no actual downside and huge (albeit small probability) upside. Occasional huge payoffs
@andrew__reed
Andrew Reed
4 years
Easiest business arbitrage: the risk/reward of a well-written cold email is so wildly favorable, and yet so few people will actually send one
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@negative_IRR
Short Convexity
3 years
This feels…very risky to post?
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@negative_IRR
Short Convexity
4 years
@moseskagan Zell got it right when, after developing a few buildings himself, he said something along lines of “f*** that im out”
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@negative_IRR
Short Convexity
4 years
@sbcrosscountry @ebwhamilton @cjblain10 I wouldn’t compare cars to homes
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@negative_IRR
Short Convexity
2 years
Is a La Jolla beach house, my parents house in Berkeley, a telluride log mansion, a west village brownstone and a Chatham beach house really too much to ask for
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@negative_IRR
Short Convexity
2 years
People tweeting about other people drinking at the airport at 7am 🚩🚩🚩
@thedanielokon
Daniel ⛰️
2 years
People drinking at the airport at 7 am 🚩🚩🚩🚩🚩🚩🚩
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@negative_IRR
Short Convexity
2 years
Hell is just your MD giving you extremely vague directions and not answering your follow up questions while expecting an extremely specific deliverable
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@negative_IRR
Short Convexity
4 years
Holy fuck LinkedIn needs to die
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@negative_IRR
Short Convexity
1 year
Public execution for anybody that starts a new “[insert industry] Guy” account
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@negative_IRR
Short Convexity
2 years
Just roll two 10 baggers back to back it’s simple guys
@iancassel
Ian Cassel
2 years
$10k and 2 ten baggers. Millionaire. Everyone will say that is silly. Do it anyway.
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@negative_IRR
Short Convexity
4 years
I’ve lost 15 lbs during quarantine
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@negative_IRR
Short Convexity
3 years
20 mins into the main dinner and approximately 110% of the conversation has been about Covid Brb while I light myself on fire
@negative_IRR
Short Convexity
3 years
Can’t wait to talk about covid at Christmas dinner
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@negative_IRR
Short Convexity
2 years
@theoliveranwar Wow dude so powerful thanks
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@negative_IRR
Short Convexity
4 years
Which significant conspiracy theories are basically correct?
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@negative_IRR
Short Convexity
2 years
Boss asks me I’m why I’m burning the midnight oil seeing my last model edits were at midnight Little does he know I’m functionally retarded for several hours after I wake up
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@negative_IRR
Short Convexity
3 years
At dinner with a rocket science dude who works at Blue Origin. You can tell he is very impressed by the complexity of real estate investing!
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@negative_IRR
Short Convexity
2 years
Being a founder with a meh/nonexistent academic background and having your company’s HR drill candidates on theirs is an absolutely tremendous flex
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@negative_IRR
Short Convexity
2 years
I need a job with low stress, few experience requirements, >20hrs/wk that pays minimum several million dollars per year. You guys got any recs?
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@negative_IRR
Short Convexity
4 years
Lake Tahoe is PACKED
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@negative_IRR
Short Convexity
2 years
It’s uncanny I can see one pic of a girl on hinge and know with 100% certainty if she went to UVA
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@negative_IRR
Short Convexity
2 years
Tfw people start talking bout four lokos
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@negative_IRR
Short Convexity
2 years
@maxhertan I choose death
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@negative_IRR
Short Convexity
4 years
“Iconic” SF bakery property for sale for a 3.8 cap YOU JUST ABSOLUTELY LOVE TO SEE IT
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@negative_IRR
Short Convexity
4 years
Guys who have been in the game forever and still send formal emails
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@negative_IRR
Short Convexity
4 years
37oz
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@negative_IRR
Short Convexity
2 years
Very confident the owner of the previous company I worked at (worth several hundred million) has absolutely no clue what IRR is
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@negative_IRR
Short Convexity
3 years
Barry rocking the all black Audemars chrono what a savage
@MichelleObama
Michelle Obama
3 years
Happy New Year from me and my boo! 🎉🥳 Wishing you all a year filled with happiness, love, and good health.
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@negative_IRR
Short Convexity
5 years
Always interesting looking at old interviews and comparing predictions to the record... CoStar founder Andrew Florence, 2009...
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@negative_IRR
Short Convexity
2 years
As seems to be customary these days some thief went through packages left in my building’s bottom floor. They opened mine but left what was inside. It was The New Kings of New York W
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@negative_IRR
Short Convexity
3 years
I’m a simple man
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@negative_IRR
Short Convexity
4 years
If you weren’t in finance/RE etc and money were no object, what would you do with your life?
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