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Hefeweizen

Certifiably Surly
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Everything posted by Hefeweizen

  1. Truth was best stated earlier, and I’m paraphrasing: SVB was great at raising capital. They were terrible at allocating their assets. I don’t think their lending to VCs is really even an issue. Terrible risk management that is going to cause another round of reassessment and then further deregulation. Because nothing solves risk management issues better than letting the banks decide how to allocate their assets. This is how you build moral hazard. No lesson at all except maybe for Greg Becker. He’s toast.
  2. Stanford is a funny school on that the student body is very liberal but they have some very conservative niches for business and law. Looks like someone didn’t know where they were, and got their feelings hurt.
  3. Yes. The problem right now is ensuring that there isn’t a loss of confidence in banking. Everyone forgets how fragile confidence can be. Nassim Taleb will probably get a chance to write another great couple of books.
  4. Yes. Use someone like fidelity who spreads it over institutions to keep it insured. This is a basic tenet of cash management and the government bookkeepers that I deal with take care of it for political subdivisions.
  5. It’s going to get ugly. Unfortunately nothing I can share.
  6. SVB is the big lender for a lot of tech. This is going to be a big deal.
  7. Lol, that is going to fuck up some crypto miners in Texas.
  8. Yeah concentration of wealth will do that… But it is median that is a lot more meaningful. Arithmetic mean is great for some analysis but in this case not so much
  9. Gustav Holst sucks. There, I said it. The Planets is not accessible or fun for me to listen to. I think it might have been written about Uranus.
  10. Don’t make me Noc (turne) you out. You giant Debussy.
  11. Yes. And the only reason I didn’t list the Liberty Lunch concerts I went to is that they run together but that mosh pit was hilariously wild.
  12. I’m completely in agreement on Tom Petty being crap. And fuck Journey. I managed to forget them, as they are forgettable crap, but my first roommate at Jester loved them. Fuck you, Steve, for playing that dogshit.
  13. Been laughing my ass off at some of these posts. I’ll add the few that are probably unpopular but here goes: Smashing Pumpkins is pretty terrible but one of the best concerts I ever attended (Southpark Meadows right after it opened). 80s metal is pretty terrible outside of Megadeth, Metallica, and Maiden. But I’ll listen to Ratt’s “Round and Round” or the Crues bangers any time they come on the radio. The Cult is fantastic and anyone dissing them is wrong. Linkin Park, Limp Bizkit, Fallout Boy, Imagine Dragons, Creed, and Nickelback can be put on a plane to Afghanistan and play concerts for the Taliban forever. Country music should have stopped at Willie, Merle Haggard, and generally should go away. Good pop music should stick in your head for a while after you hear it. It’s supposed to be easy to listen to. I would point to Prince here and say meh. And @Patricio Swayze I part ways on Fugazi. I don’t fucking get it. At all.
  14. Elmo is a caricature. Everything he does now is so predictable it’s sad.
  15. If you like noir in general, you owe it to yourself to read Izzo’s Total Chaos. It’s spectacular, gritty, and his description of violence, food, and drink is remarkably good. Great story and a genre I didn’t know existed- Mediterranean Noir.
  16. Good point. There is one just down the road in Early though.
  17. How hard is it to fake being 55? Asking for a friend.
  18. A giant vagina. But something is wrong with the blood vessels.
  19. No, Pacific Grove. Carmel is a little out of my means unless I want to live in a tent. But the whole peninsula is a nice place to be. Hell, seaside and marina are “affordable” by Cali standards, and are nice places and pretty safe. Only area nearby that is rough is Salinas, and that’s a solid 30 minute drive away. I have a friend whose adult kids work remote from Montana and love it. I couldn’t take the winters.
  20. Not a stones throw from anything but pebble beach, but point taken. It’s an hour drive to Santa Cruz, and another hour from there to San Francisco. San Jose is about 1.5 hours without traffic. Which is never on “the 101” as they call it here.
  21. Well I never lived in anything but big cities in my life and now live in a town of 15,000. And I’ve got to say I miss nothing. I never was one for crowds, got older and decided I’d rather Texas football on TV, and love the feeling of knowing (even if just by sight) most of the people I come in contact with. So not only could i live in a small town but I don’t think I could ever live in a city again. Hard to say never but I’m pretty sure about that. Of course I’m biased because my small town is right in the Pacific Ocean and it never freezes or gets above about 75.
  22. Whenever I see MSM in the post my eyes glaze over. Can we just set up a few instances of AI chat bots to have this thread go nucular?
  23. Getting closer to the ground. So I have increased my position to a cost average of 3 bucks. Almost 30 percent of the float is short right now I see.
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