Sanrith Descartes
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I find M&A interesting. Sort of missed out not choosing to set my path in that direction.
Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Hateyou
Not Great, Not Terrible
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What do you mean? Like being a negotiator or lawyer for them or something?
kegkilla
The Big Mod
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There’s also a lot of money to be made in the due diligence side of transactions.
I make my living largely doing M&A valuation modeling for industrial companies.
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Sanrith Descartes
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Doing the analysis portion. I couldn't do the negotiation portion. I hate people generally
Sanrith Descartes
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For the most part. I run a very small consultancy. I'm a numbers geek at heart; the sales and business development aspects are an ongoing challenge and activity can be very uneven. (It's been basically dead for the last 9 months, but when it's good it's good enough I can float times like this.) Our analysis is based on a specialized linear optimization modeling system developed by me and my partner over the last 15 years, and working on that is the part I enjoy.
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Sanrith Descartes
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Sanrith Descartes
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I have a fun tale of the market helping me out yesterday. I'm an employee of a subsidiary of Eaton Vance. Woke up yesterday morning to news that we were bought out by Morgan Stanley.
Bought at a premium, stock up 50%, all my incentive stock that was going to vest over 5 years, vested immediately.
So that was nice.
Bought at a premium, stock up 50%, all my incentive stock that was going to vest over 5 years, vested immediately.
So that was nice.
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Anyone buy/sell physical metal? I've found a few reddit groups, especially pmsforsale that claim to facilitate the trades. The biggest issue i'm finding is how to safely buy and sell without getting screwed either by outright theft/fraud or big companies paying too far below spot.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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My recommendation is don't. I wouldn't buy commodities unless I had to for a job, especially not precious metals where there is not only fraud, but extremely convincing and hard to detect fraud. And i REALLY wouldn't go to reddit PMs as my first option if I still felt compelled to risk a 100% loss and buy metal. There's actual reputable companies/mints.
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Sanrith Descartes
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Fogel
Mr. Poopybutthole
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Does this story involve you getting drunk and accidentely buying a bunch of metals?
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Fogel
Mr. Poopybutthole
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No, he sells kitco and apmex for years. I'm just trying to help him find a way to get better prices. But maybe selling through the big guys is just safest and the cost of dealing with these, liquidity wise. I DO KNOW he was scammed by a buyer on ebay once who sent back a empty package for a full refund. And ebay/paypal and the post office all did jack shit.