Offshore
Photo
InsideArbitrage
Northern Oil and Gas $NOG In Bid to Acquire Smaller Rival Granite Ridge $GRNT - Reuters
🛢️Northern has submitted at least two offers for Granite Ridge.
🛢️The latest bid, made in recent weeks, was at a roughly 20% premium to the target's share price.
🛢️While Granite Ridge's management has rebuffed the overtures so far, Northern remains interested in a deal and could sweeten its offer next year.
tweet
Northern Oil and Gas $NOG In Bid to Acquire Smaller Rival Granite Ridge $GRNT - Reuters
🛢️Northern has submitted at least two offers for Granite Ridge.
🛢️The latest bid, made in recent weeks, was at a roughly 20% premium to the target's share price.
🛢️While Granite Ridge's management has rebuffed the overtures so far, Northern remains interested in a deal and could sweeten its offer next year.
tweet
Offshore
Photo
Stock Analysis Compilation
Latitude IM on Ryanair $RYA LN
Thesis: Ryanair’s ultra-low cost structure, market-leading efficiency, and strong financials make it a standout exception in the risky airline sector
(Extract from their Q3 letter) https://t.co/jEl5Ky93CL
tweet
Latitude IM on Ryanair $RYA LN
Thesis: Ryanair’s ultra-low cost structure, market-leading efficiency, and strong financials make it a standout exception in the risky airline sector
(Extract from their Q3 letter) https://t.co/jEl5Ky93CL
tweet
Offshore
Video
Startup Archive
LinkedIn founder Reid Hoffman: Founders have no work-life balance
“I actually think founders have no balance… If I ever hear a founder talking about how ‘this is how I have a balanced life’ and so forth, they’re not committed to winning… The really great founders are like: ‘I am going to literally pour everything into doing this. Now it only may be for a couple of years… But while I’m doing this, I am unbalanced at this thing.’ It’s not to say that you don’t take breaks or you don’t go on dates or whatever else. But you’re super focused on this because it’s really hard and there’s lots of ways to die.”
Elon Musk emphasizes this as well:
“If other people are putting in 40-hour work weeks, and you’re putting in 80 hour work weeks, you will achieve in 6 months what takes them a year to achieve, which will greatly improve your odds of success”
Why make such extreme sacrifices?
Well, as Paul Graham puts it in his essay How To Make Wealth:
“Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.”
In the early years, you will have to make lots of sacrifices and shouldn’t really expect much work-life balance if you want your startup to be successful.
But you can view it as an opportunity to compress your whole working life into a few years.
And hopefully excitement about what you’re building and the extremely-talented team you’re building it with make those long hours way more fun and rewarding than a normal 9-to-5 job.
Video source: @ycombinator (2014)
tweet
LinkedIn founder Reid Hoffman: Founders have no work-life balance
“I actually think founders have no balance… If I ever hear a founder talking about how ‘this is how I have a balanced life’ and so forth, they’re not committed to winning… The really great founders are like: ‘I am going to literally pour everything into doing this. Now it only may be for a couple of years… But while I’m doing this, I am unbalanced at this thing.’ It’s not to say that you don’t take breaks or you don’t go on dates or whatever else. But you’re super focused on this because it’s really hard and there’s lots of ways to die.”
Elon Musk emphasizes this as well:
“If other people are putting in 40-hour work weeks, and you’re putting in 80 hour work weeks, you will achieve in 6 months what takes them a year to achieve, which will greatly improve your odds of success”
Why make such extreme sacrifices?
Well, as Paul Graham puts it in his essay How To Make Wealth:
“Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.”
In the early years, you will have to make lots of sacrifices and shouldn’t really expect much work-life balance if you want your startup to be successful.
But you can view it as an opportunity to compress your whole working life into a few years.
And hopefully excitement about what you’re building and the extremely-talented team you’re building it with make those long hours way more fun and rewarding than a normal 9-to-5 job.
Video source: @ycombinator (2014)
tweet
Offshore
Photo
iinvested
3Q'24 Voss Capital on $PHIN
More fund letters here:
https://t.co/ccjFhSQnS3 https://t.co/CxNkkimM31
tweet
3Q'24 Voss Capital on $PHIN
More fund letters here:
https://t.co/ccjFhSQnS3 https://t.co/CxNkkimM31
tweet
Offshore
Photo
Investing visuals
Friendly reminder for investors fixated on stock prices: successful investing is about understanding what lies beneath the surface https://t.co/ofECkEA54y
tweet
Friendly reminder for investors fixated on stock prices: successful investing is about understanding what lies beneath the surface https://t.co/ofECkEA54y
tweet
Offshore
Video
Stock Analysis Compilation
Montaka on KKR $KKR US
Thesis: KKR is poised to unlock substantial value through structural growth opportunities in Asia, insurance partnerships, and retail wealth channels.
(Extract from their article)
https://t.co/zXhHCUIbWz
tweet
Montaka on KKR $KKR US
Thesis: KKR is poised to unlock substantial value through structural growth opportunities in Asia, insurance partnerships, and retail wealth channels.
(Extract from their article)
https://t.co/zXhHCUIbWz
tweet
Offshore
Video
Startup Archive
RT @genomicsdoc: Weird how many people deny this.
Certainly not everyone should feel like they need to do this to lead a decent life. However if you want to make more money than average, and make more impact than average, working much harder than average greatly increases that probability.
tweet
RT @genomicsdoc: Weird how many people deny this.
Certainly not everyone should feel like they need to do this to lead a decent life. However if you want to make more money than average, and make more impact than average, working much harder than average greatly increases that probability.
LinkedIn founder Reid Hoffman: Founders have no work-life balance
“I actually think founders have no balance… If I ever hear a founder talking about how ‘this is how I have a balanced life’ and so forth, they’re not committed to winning… The really great founders are like: ‘I am going to literally pour everything into doing this. Now it only may be for a couple of years… But while I’m doing this, I am unbalanced at this thing.’ It’s not to say that you don’t take breaks or you don’t go on dates or whatever else. But you’re super focused on this because it’s really hard and there’s lots of ways to die.”
Elon Musk emphasizes this as well:
“If other people are putting in 40-hour work weeks, and you’re putting in 80 hour work weeks, you will achieve in 6 months what takes them a year to achieve, which will greatly improve your odds of success”
Why make such extreme sacrifices?
Well, as Paul Graham puts it in his essay How To Make Wealth:
“Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.”
In the early years, you will have to make lots of sacrifices and shouldn’t really expect much work-life balance if you want your startup to be successful.
But you can view it as an opportunity to compress your whole working life into a few years.
And hopefully excitement about what you’re building and the extremely-talented team you’re building it with make those long hours way more fun and rewarding than a normal 9-to-5 job.
Video source: @ycombinator (2014) tweet
Startup Archive
RT @mpawlo: @StartupArchive_ Four years will rarely be enough, but other than that @paulg is, as per usual, on the money. The challenging part here is to accept the price of what @reidhoffman is correctly stating: a very limited life outside of building to win. Most accept it in theory, but few in practice.
tweet
RT @mpawlo: @StartupArchive_ Four years will rarely be enough, but other than that @paulg is, as per usual, on the money. The challenging part here is to accept the price of what @reidhoffman is correctly stating: a very limited life outside of building to win. Most accept it in theory, but few in practice.
tweet
Offshore
Photo
Stock Analysis Compilation
Orbis on Genmab $GMAB US
Thesis: Genmab’s innovative DuoBody platform and robust R&D pipeline are undervalued, offering significant upside with minimal downside risk.
(Extract from their Q3 letter) https://t.co/la9pglRJkE
tweet
Orbis on Genmab $GMAB US
Thesis: Genmab’s innovative DuoBody platform and robust R&D pipeline are undervalued, offering significant upside with minimal downside risk.
(Extract from their Q3 letter) https://t.co/la9pglRJkE
tweet