J.D. Banker
@DadInvest
Followers
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Following
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Media
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Statuses
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I like stocks, leverage, nicotine, open borders, hotels, and Coca-Cola. I work in wealth management/family office services. Personal thoughts, not advice.
Joined January 2010
Of course it was a Boomer that ended eight decades of American Exceptionalism. They were never going to leave the place better than they found it, after all they’re not their parents.
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Can I tell you guys a secret? I’m not a fan of my neighbor so I search “personal injury atlanta” and click on his sponsored link a couple times a week.
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Today I opened the chipotle app, loaded a tasty burrito into my cart, saw that it was $20.80 before tax/delivery/tip, and closed the app. Chose leftovers instead. I’ve seen enough to call it: we’re in a recession.
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A few weeks ago I was with a mil friend who told me cargo companies are now selling packages for rich people to come aboard for trips around the Horn of Africa (effectively licensed murder of pirates). So if you’re into that, FYI it’s out there.
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@ghouldisco @scootermcdoog Are you kidding? One is bonefish with Silian Rail font and the other is pale nimbus, white. Huge difference.
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Pro tip: if you’re in wealth circles, treat service workers with the utmost (deserved) respect. Punching down is taboo because everyone at that level realizes how lucky they are to be there. Ignoring this rule is a sign of New Money and immediate black ball.
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If you work in a high cost keyword industry and you have a cheaper, real life method to acquire clients, you should 100% be doing this. Take a lesson from Cornelius Vanderbilt: it’s not enough for you to manage your own business, you must inflict cost on your competitors.
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I cracked. I watched Margin Call to calm my nerves. But it’s not helping. I think I’m a panican.
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Pro tip: if discussing finances with your wife, always use %’s and never actual $’s. For the sake of marital harmony.
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At my son’s game I heard a PE guy describe to another dad his strategy as simply multiple arbitrage by packaging SMB ($1-5MM EBITDA) into a holding company and flipping it to bigger funds. Then he told another he ordered a new Range and now I’d like higher rates tomorrow, please.
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Wife: I understand why people go Mercedes or even Volvos for safety, but how does one do their research on all the cars available and end up getting a Buick Enclave?.
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Warren Buffett in dog form if you actually got to watch him work
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I didn’t know when I was awoken to clean up dog shit this morning that would be the last time. Sucks.
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Money is pretty boring after awhile. How did Buffett maintain such steadfast focus on it for so long?.
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@DudespostingWs This guy in Memphis is awesome. He’s been doing it for 20+ years. I ate my first good BBQ from him when I went to college. Try the Bar-B-Cue Shop on Madison Ave!!.
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I am required to send an email that, when read, will immediately get me yelled at. If I’m lucky, screamed at like I haven’t received in years.
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The longer I work in business, the more I perceive success as predictive based on being cool and likable in situations that aren’t the main event like this:.
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Please don’t make me pay the same as last year’s property tax so I can do your job and mine simultaneously.
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It’s more important, now than ever, to maintain no online presence under your personal name.
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Holy shit. I thought I had a good, not great loan but I was just quoted a 2.69% 30-year fixed.
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@buccocapital In my seat I get to meet a lot of successful people, they all have long-tenured and overpaid staff. When they find someone good they want to keep them and a little bit of the employees’ success reflects back to the principal. Rare is it the successful modern day slave laborer.
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@deserteagle291 @WelfareCapLLC Koreans did a world class speed run to developed market status, hopefully the next generation learns happiness.
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You find the closest HSBC branch and you place it.
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PSA: somebody posted ~six months ago, “parenting is easy, just ask the kid to do regular things with you. They just like being around you and learning new things.” It’s made me a better dad and helped us a lot, thank you to whomever made my life better.
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Let’s say you were raising a human you estimate will be 6’7” and 200lbs, what Olympic sport offers the easiest path to glory for average athleticism? I’m pushing javelin hard.
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My son was elected co-captain on his football team this year. Watching him walk out there as representative for his teammates to do the toss makes me very proud of him. Being a good Protestant man, I will bottle that feeling up and withhold it from him forever.
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The more views this gets the funnier it is to me I phrased it with “can I tell you a secret?” I thought my three mutual stans and I would laugh but instead I have all the very serious SEO people coming in to mansplain the Google algorithm to me. Nobody can know God’s benevolence.
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Remember when The Points Guy was a good resource? Before Silver Lake told them to fire all the staff, use ChatGPT formulas based on prior posts to write new articles, and grab as many email addresses as possible, making their site worthless in the process? Yea me either.
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Pro tip: never tell anyone you want to retire at a non-standard age. It never goes well.
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Wife: is there a place just like Great Wolf Lodge but costs 10x the amount?.
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This platform is amazing. I’ve emailed WSJ reporters. A CEO of a Fortune 500 liked my John Malone joke. And connected people IRL with jobs, deals, and ideas. For a guy from eastern KY to get to earn your time, get to share experience and jokes with you, I’m very grateful.
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Dad, did you allocate a lot of client assets to fixed income when the US 10Y bottomed at 0.32%?
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@AsakyGRN It’s actually really good for rich people to have frivolous hobbies like this because it creates jobs, doesn’t hurt anyone, and lowers inequality.
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I’ve seen enough to call it: AI is going to add 100 points to GDP.
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Please have kids. And not because I’m pro-GDP growth and want to solve our social safety net funding issues, but because you get to watch a 4yo watch Home Alone for the first time and yell “that’s not a good idea!” at the tv.
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4yo packed her own lunch today. That’s one mozzarella stick, a dozen baby carrots, 8 blueberries, and an entire cup of grated parmigiana.
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Wife’s cousin has lost a considerable amount of weight over the past year. Has gone to the coat room to get in her purse twice since she’s been here. Ok I’ll play my favourite game: is it a vape or is it meth?.
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I’m a big believer in fuck you money, but on some level how do you reconcile it with the respect due to sharing a public stage with two former global leaders? I don’t know man it’s so close.
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I have publicly pledged my allegiance to Liberty by becoming an annoying reply guy. Have lost my patience with Dave Ramsey-type simple heuristics: “investment fees bad”, “all debt bad”. These work for some people, but life isn’t so black/white.
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I don’t want the sanctimonious “I quit drinking” people to be right, but it’s day 7 and I can tell a difference mostly in my sleep: quality, temp, and heart rate (hope BP 📉 too). Maybe it’ll just be a June thing, it’s nicer than I expected.
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@politicalmath It’s an excusable error, US passport holders can travel visa free to 186 countries and territories. It’s a small minority of countries (31 countries, including Belarus, Chad, Iran, and North Korea) that still require one.
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Wife says “pull over to this liquor barn, please. I need something.”
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You can treat employees like shit or underpay but you can’t do both.
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I need my wife to stop receiving trade confirms. I hate defending my actions ex post facto. It’s like double compliance.
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I watched My Cousin Vinny last night for the first time. Have you seen this? Have you heard about this movie that came out in 1993? Very good.
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@philbak1 Its a savage industry. Most finance careers are shorter than we like to admit to ourselves - for every Tom Brady with 20+ years in the league there are thousands who never even vest in the pension. Save what you can when you can, there are no guarantees of tomorrow.
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@ShooterMcGavin_ The first time I saw this scene I laughed uncontrollably for five minutes. People around me asked the girl I was with at the theaters if I was ok.
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Partners meeting is over, FY24 comp is set, we can pack it in the rest of the year fellas.
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@KrissBergTweets I think it’s really brave of you to share this. Social media gravitates to success porn so your honesty is a breath of fresh air. And best wishes on the next business idea!.
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My cousin saw a girl who makes a million a month on OF at dinner. He also noticed her friend, who is a pornstar, by name based on the birthmark on the back of her leg. He said both of these things to his mom. This is one of the favourite days of my life.
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@jokerlogics Can we get some @SEC_Enforcement ruling in here? Is it ok to use your freedom of speech to create fake, potentially market moving sec filings?
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It’s week 9 of the wife’s new practice and I can’t tell you - but I will anyway - that our overarching thesis that patients and providers are dying to get away from corporate medicine seems to be playing out affirmatively and much quicker than we anticipated. Just today we.
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Thinking about deleting LinkedIn. It seems like a bad risk-reward where I am publicly giving up too much personally identifiable information (PII) for free when I’m not optimistic about its potential to lead to positive outcomes for me vs other online and in-person channels.
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@paulg Amazon found that every 100ms of latency reduced conversion by 7%, or cost them ~1% of sales.
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@schizarella @legotrillermoth People fought wars with axes to prove that’s not the case. England and Scotland are separate but both apart of Britain.
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Guy was at the party last night and I was talking to him for a long time. Somebody joins our group and says “hey why the mask?” And he goes “oh because I have covid”.
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I can’t wait for my housekeeper to leave so I can unlock my office and go into the kitchen. Follow me for relatable content.
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Wife on our walk today: wait, how did we get so far into debt?.Me: well if you look at it another way, on a % basis of assets or net worth we’ve actually never had less leverage. If the bank is going to keep offering rates this low we really can’t afford not to take it.
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As the parent to two Ashkenazi Jews, I knew a priori not to use 23andme. Not because of the aforementioned racial aspect, of which they would have been the victims of the data dump today, but to preserve our future generations’ ability to get away with forensic crimes (murder).
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A month ago my dad did the best piece of parenting I’ve ever witnessed and I want to share it because it’s so inspirational to me. He said “how you doing?” I said “I’m so angry all the time” then he sent me a book recommendation on how he dealt with it.
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Just had an amazing day date, no kids. It’s been a pretty good day so far and we’re not done yet!
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Just met the guy who sold the building I’m standing in for $250MM and now I feel stupid for suggesting he get the gyro next time in the cafe.
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As I’ve gotten older I’ve become more against nepotism. Colleague said “but JD wouldn’t you want your son to come work with you?” Of course I would but nepotism is a crime with two victims: 1.) your child who you steal part of the joy in life in figuring it out by….
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Yesterday was our 10y anniversary. Today we hiked the mountain where we got engaged. Kids did awesome, 4.5mi with 1440ft of elevation gain. Guy coming down with poles goes “ya’ll ever done this un before?” Yes yes we have.
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When they’re ready, I’ll show my kids this. “We’re all smart, Jeremy” hit me like a ton of bricks. Table stakes, what else do you have to offer?
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*Allegedly* I dropped the kids off at the wrong summer camp a mile apart. I saw a car line and I went for it. The camp people took them on a golf cart to the right spot so it resolved itself normally.
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Drunk Saturday thought: I don’t understand stories about alcoholics that beat kids. What kind of a loser does that? If I get a little tipsy and the kids are asleep I go in, look at them proudly, give them a kiss and whisper that I love them. I don’t know what motivates otherwise.
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I couldn’t imagine this level of grief. Ultimate respect for this level of dadding.
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That people still make these treacherous treks to the shining beacon is always amazing to me. If you want to be here that bad, I’m happy to welcome you.
Venezuelan family with a toddler trying to cross the Mexico-USA border
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