rayfinkle

Super helpful. Thank you!

Yea 100%

I'm considering buying a company and would love to get some thoughts on lessons learned from those that have done this themselves. I am currently working on narrowing my search aperture. But for now the possibilities are pretty unconstrained. Specifically, target co ideally has some of the following characteristics: - Cash flow positive, or with a bulky cost structure that can get to CF+ (I've managed large-scale cost takeouts / turnarounds. This is unpleasant but doable, especially if purchase price reflects the work to be done) - Can be large or small. I have financial backing to do a bigger deal (e.g., $2-500M in market cap), but smaller is also fine. I'd say small end would be $500k-1M in cash flow to owner - Prefer software type businesses but have operated and am comfortable with "boots on the ground." In PE days did both, but have operated more in the former recently. - Can be public (though this is harder to execute for a bunch of reasons) or private I'd appreciate anyone's thoughts on lessons learned (positive or negative). Thanks!

Does anyone know how US-based investors can trade options on Australian exchanges? IBKR won't let me...

great recs, thank you! good fodder for reading list.

I just listened to this podcast. It had some fascinating anecdotes about processes to make decisions. Does anyone have interesting books, etc. to get deeper on this? For example, I've read a bunch on similar topics and this podcast introduced me to a concept that was net new to me. Thanks all!

hey everyone- I ended up going with First Republic. They make it really easy to apply and for existing mortgage customers it is quite cheap. It's not the highest LTV, but at the end of the day it is by far the easiest option. I'm going to end up with ~70-80% combined LTV. I have an interest only first mortgage with a ~2.2% 10 year rate lock and I'll put on another 10-20% LTV in floating rate HELOC at 4-5% (prime plus a modest spread). Thanks, and let me know if you have questions!

I'm wondering if anyone does analytics on the composition of ownership of a stock in detail. Specifically, by taking some inputs (13f/g's, daily weighted average volume, etc.) we can likely get a sense for what the weighted average entry price is for various owners of the stock. This can inform things like: - is there likely to be tax loss selling? - are folks "playing earnings" vs. more value oriented Does anyone do this and find it useful? Are there data sources for it? Thanks

im still working through it, albeit slowly. I found lots of credit unions that will go to 80-90% total LTV. But most have a dollar cap or $4-600k. Many are lower. I found a few “relationship banks” that seem willing to do lower LTV (65-75%) but at extrémale low cost levels (eg prime plus 10-25 bps).

I deserved it! Thanks everyone! I’ll report back w what I end up doing

Yeah I did this and my first mortgage is great. I just want standby capacity. Even at [5%] floating or whatever I like the ability to lock in borrowing capacity (vs draw right away).

Thanks this is great!

Oops yeah that’s embarrassing. I pressed publish too soon! Yes, wondering if anyone has any lenders / tips that they’d recommend. thanks!

Hey all! I live in the SF bay area and am looking to get a HELOC. When I've done that in the past I've observed the following: It's hard to get data, because online portals spam you I would like to get aggressive on LTV... I've found that different lenders are willing to be more aggressive on this sort of thing. E.g., in the past local credit unions have been best since they know the local markets Some banks have hard limits on $ of loan. I'm hoping to be on the upper end Thanks all!

Thanks Greg!