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Shame Boy posted:anyway i collect loving rocks and my rocks have way more personality than funko pops, and are usually much cheaper I'm unironically thinking about expanding my rock collection so I'm glad I'm not the only one on SA that does. 
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Mar 10, 2023 00:40
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equities of bank corps across the board seem to be eating poo poo, not just svb
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Mar 10, 2023 00:47
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the phrasing here is driving me unreasonably nuts. no one would say it that way. Banks periodically lose, they don’t lose periodically!!! the fuckin article would say it’s driving unreasonably me nuts. the analysis doesn’t seem too far off but man that would make me take a closer look Enderzero fucked around with this message at 01:06 on Mar 10, 2023 |
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Mar 10, 2023 00:51
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lol petey trying to kick off a bank runhttps://www.bloomberg.com/news/articles/2023-03-09/founders-fund-advises-companies-to-withdraw-money-from-svb posted:Founders Fund, the venture capital fund co-founded by Peter Thiel, has advised companies to pull money from Silicon Valley Bank amid concerns about its financial stability, according to people familiar with the situation.
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Mar 10, 2023 00:52
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if you are in a run, you are forced to participate in the run, by the fact of there being a run. thats the steamroller
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Mar 10, 2023 00:54
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Enderzero posted:the phrasing here is driving me unreasonably nuts. no one would say it that way. Banks periodically lose, they don’t lose periodically!!! it works if you imagine it in taleb’s accent/speaking style
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Mar 10, 2023 01:04
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god, what a douchebag that guy is
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Mar 10, 2023 01:06
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pmchem posted:it works if you imagine it in taleb’s accent/speaking style well it don’t look like a spoken quote and makes me wonder if he’s one of those schmucks who don’t have an editor
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Mar 10, 2023 01:07
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bob dobbs is dead posted:god, what a douchebag that guy is he seems like a leveled up gladwell. same core problems but a bit smarter about it
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Mar 10, 2023 01:07
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pmchem posted:it works if you imagine it in taleb’s accent/speaking style put commas around it then! it’s an easy fix, that just looks lazy
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Mar 10, 2023 01:08
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he suborned his editor to not lookin at his poo poo at some point iirc
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Mar 10, 2023 01:09
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bob dobbs is dead posted:he suborned his editor to not lookin at his poo poo at some point iirc I’m not surprised. no editor is number one in my list of might have good/big ideas, is too much of a dumbshit to realize when you’re wrong and/or arrogant. worthless in the end
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Mar 10, 2023 01:11
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"why does the bank that lends money to startups and VCs keep losing money? Elon please don't let them turn off the magic money fountain!"
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Mar 10, 2023 01:15
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they dont lend money to startups and vcs, they take deposits from em. they buy treasuries and mortgage backed securities (so they lend to the feds and rando homeowners, still indirectly)
bob dobbs is dead fucked around with this message at 01:23 on Mar 10, 2023 |
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Mar 10, 2023 01:20
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treasury prices for the periods they bought em for went down cuz the new treasuries for the new periods pay way more cuz the fed raised rates
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Mar 10, 2023 01:21
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tbf I didn't actually read the tweet I just saw musk had replied and thought "what is a dumb thing he would agree with?"
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Mar 10, 2023 01:23
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haha financialization goes brr
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Mar 10, 2023 01:37
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what, the unnatural financialization of a literal actual bank? this is a pure play bank run that fuckin randos from the 1870s would have recognized. just enjoy the lols
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Mar 10, 2023 01:39
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altho they dont have retail branches iirc so you dont get nice weird rear end theater of giant fuckin piles of physical money and everyone being forced to dress as formally as possible
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Mar 10, 2023 01:41
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bob dobbs is dead posted:god, what a douchebag that guy is i think of him more as insufferable some of his technical writing and earlier works are good though, and he certainly had game as a trader decades ago. every now and then he still puts out quality tweets inbetween sequences of self-aggrandizing
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Mar 10, 2023 01:50
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im a few blocks from their sf hq right now so lets go see if theres lols there prolly not, its also fuckin pissin rain here
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Mar 10, 2023 02:05
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bob dobbs is dead posted:im a few blocks from their sf hq right now so lets go see if theres lols there do tell if elom’s standing outside trying to sell office plants to random passers-by
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Mar 10, 2023 02:16
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bupkis, im afraid. run is deffo gonna happen over the internet only
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Mar 10, 2023 02:22
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go steal one of those nifty green glass banker's lamps while everyone is preoccupied with the drama
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Mar 10, 2023 02:35
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weird how the “facts don’t care about your feelings” posse gets sad when a bank does math bad
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Mar 10, 2023 02:41
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Beeftweeter posted:otoh elon musk wants silicon valley bank to survive because it's good for startups or something so bail it out yourself, rich boy aren't they short "only" a couple billion?
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Mar 10, 2023 06:54
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https://twitter.com/elonmusk/status/1634024439573811200 lol the bazingas are pathetic that's clearly fake e: oh oops wrong thread. whatever it works here too Beeftweeter fucked around with this message at 07:37 on Mar 10, 2023 |
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Mar 10, 2023 07:01
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https://twitter.com/spencernoon/status/1634004337226665984 a bank run by the smartest people in the world that funds the companies literally inventing the future* runs into trouble, and all you people can do is point and jeer? for shame, yospos. for shame. * i.e., fart apps
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Mar 10, 2023 07:33
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hey hey hey i walked in the rain to point and jeer in person
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Mar 10, 2023 07:38
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our country's brightest sickos itt
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Mar 10, 2023 07:42
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FMguru posted:i.e., fart apps we're well past fart apps and now onto theflyingexecutive fucked around with this message at 07:46 on Mar 10, 2023 |
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Mar 10, 2023 07:42
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theflyingexecutive posted:we're well past fart apps and now onto blockchain B2C FaaS subscription models https://www.patreon.com/fart
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Mar 10, 2023 07:43
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we'll do all the banking for a sector famous for its bullshit, surely nothing can go wrong
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Mar 10, 2023 08:10
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the problem is that theres a buncha peeps who coordinate between startups and are huge fuckin idiots (the vcs). so the rumor that starts the run prolly started there
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Mar 10, 2023 08:16
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Cold on a Cob posted:i'm so against collecting stuff i've even started deleting files. i used to think "oh hell i might want to watch/read/review this later" and later never comes. i am putting more emphasis on making sure the irreplaceable poo poo (family photos, important documents, etc) are well protected. hell yeah collecting stuff just to own it is some weird poo poo imo
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Mar 10, 2023 08:22
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infernal machines posted:i would bet that they are not doing it. -rewrite tweet url client-side to some new thing that archives the tweet - every tweet that gets posted gets archived by that thing on demand - run a crawler to hit every forum page or whatever and the on demand thing converts the tweets - no need to gently caress with the stored posts at all
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Mar 10, 2023 08:30
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FMguru posted:https://twitter.com/spencernoon/status/1634004337226665984 ok I've read Matt Levine's newsletter now and it's just a straight up squeeze caused by their own model and interest rate changes so for a company "at the bleeding edge" they've sure failed in an old school way e: and with zero retail deposits they've got no cushion against it *and* all their customers are massively correlated so if one starts pulling cash because they flushed the rest of theirs down the toilet, they probably all will
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Mar 10, 2023 09:39
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absolute lomarf at being dependent on a bank as a company and not choosing one of several systemically important banks to ensure you always have the implicit backing of the US government. idiots.
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Mar 10, 2023 10:16
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FMguru posted:https://twitter.com/spencernoon/status/1634004337226665984 insert Joker meme about being tired of pretending its not funny
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Mar 10, 2023 10:16
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refleks posted:absolute lomarf at being dependent on a bank as a company and not choosing one of several systemically important banks to ensure you always have the implicit backing of the US government. unironically correct
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Mar 10, 2023 10:45
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