Curt Doolittle

Category: Economics, Finance, and Political Economy

  • “Q: Whats a sure thing in investment? all ventures are speculative to a certain

    –“Q: Whats a sure thing in investment? all ventures are speculative to a certain degree.”–

    All costs are opportunity costs. The very high chance you can get a 14-16%, or even 18% return, unless something catastrophic happens, because you’re buying into a quality biz at a good price, vs. losing 3-6% in inflation and fees? It’s an easy choice.

    Now a sure thing is a biz you fully understand and understand the risks and recognize the only problem is capital availability because the banks (smaller) and investors (larger) only want bigger deals with bigger returns. And they save these ‘sure’ deals for working with companies already in their network. Now, then you get the warren buffet strategy of sure things at a good price, and you accumulate enough investment over time to buy really, really, good assets at good prices.

    There is a wonderful investment space between the traditional banking biz and the lower-end venture capitalists, for angels to make money all day long in perpetuity. The problem is that every deal costs the same time and effort to vet. So your returns are limited to the number of deals you can vet and invest in without entering the VC market profile of risk. Every fish eats one smaller than he, up the hierarchy of fish. šŸ˜‰

    As an angel, you only need to convince yourself or maybe a friend and partner. As a member of an angel network you can work to get a piece of nearly every deal in the network – because it’s best to invest in what you understand, and everyone understands something a bit different from everyone else.

    As a low-end VC you’ve taken other people’s money with the promise of some rate of return. So you have to convince your partners to invest that money, and sometimes the people you’ve taken the money from. And because of multiple fingers in the pie you have to seek higher returns.

    Some of us just like learning about and investing businesses. And some angels basically enjoy helping young companies make money. And some others are trying to get multiples on their or other’s cash. And some of those people have a mission good or bad as well.

    Reply addressees: @jonathanmizero

    Source date (UTC): 2023-05-24 18:51:34 UTC

    Original post: https://twitter.com/i/web/status/1661444848518397966

    Replying to: https://twitter.com/i/web/status/1661441729667498008

  • As an angel investor and lender, I only put money behind what I considered sure

    As an angel investor and lender, I only put money behind what I considered sure things. Only larger firms can put money into speculatives where only one in ten or twenty survive. I can still help ‘friends’ with pitches but otherwise there is something very wrong with the comprenension of the world in Gen Z that historically is only corrected with pain. And that pain is coming fast. About on schedule.

    Source date (UTC): 2023-05-24 17:53:54 UTC

    Original post: https://twitter.com/i/web/status/1661430336423690251

  • Not really (relatively). People don’t drive that many miles in them. And usually

    Not really (relatively). People don’t drive that many miles in them. And usually have high deductables. So you pay 3-5k per year depending upon the age and model. If that seems a lot then you havent seen a 15k maintenance bill.

    Source date (UTC): 2023-05-21 03:13:18 UTC

    Original post: https://twitter.com/i/web/status/1660121562001883138

    Reply addressees: @Nefertiiti @themaxstoic

    Replying to: https://twitter.com/i/web/status/1660117828882649090

  • “The Gas Pump Economic Indicator” I’ve always been an advocate of management by

    “The Gas Pump Economic Indicator”
    I’ve always been an advocate of management by walking around. And because I started out in mall development I had the same approach to economics by driving around, and later by flying around. However, the best indicator of bubbles is talking to people when filling the car at gasoline pumps. You can easily identify both bubbles and recessions early just by talking to ordinary people in enough different cities, suburbs, and rural areas. Same for election outcomes. Same for economically sensitive businesses. The average man or business on the street tends to be a greater predictor than the data. And the fed is a lagging indicator .. perhaps too lagging an indicator for the rate of adaptation in the digital age.
    #economics

    Source date (UTC): 2023-05-19 02:09:56 UTC

    Original post: https://twitter.com/i/web/status/1659380839136763904

  • The economic question is whether savers have a right to appreciation of currency

    The economic question is whether savers have a right to appreciation of currency at expense of those not yet able to save. The answer has been ‘no’ because it’s self defeating. Conversely do savers have a right to preservation of purchasing power. The answer has been ‘no’ because there are other assets to invest in. And finally, those who construct long term agreements (contracts) have a right to stable purchasing power. The answer has been no, and they can accomodate for it. Of these reasons only the last has meaningful economic merit. The stability of purchasing power must not interfere with the production cycle.

    Reply addressees: @tryanph

    Source date (UTC): 2023-05-18 11:50:33 UTC

    Original post: https://twitter.com/i/web/status/1659164567388184576

    Replying to: https://twitter.com/i/web/status/1659125678862729216

  • WHY ARE RETAILERS CLOSING? Is it cyclical (a little)? Is it technological (a lit

    WHY ARE RETAILERS CLOSING?
    Is it cyclical (a little)? Is it technological (a little)? Is it geoeconomic (a little)? But what is it mostly? Well, that’s simple:

    1. Decapitalization of human knowledge by failure of education by capture of education by hostiles to individual responsibility, competition, and tolerance for adversity and need for adaptabiilty.
    2. Decapitalization of Individual productivity by unnecessary education costs for entry into the jobmarket.
    3. Decapitalization of marriage capital by decline in dating, mating, marriage
    4. Decapitalization of physical human capital by decline in reproduction
    5. Decapitalization of family capital and decline in per household income in the family and increase in single parenting.
    6. Decapitalization of potential for human capital by urbanization and density under which all productivity increases from density are captured by housing and taxation costs.
    7. Decapitalization of economic potential by asymmetric reproduction and immigration causing US IQ to drop to second world levels.
    8. Resulting decapitalization of strategic advantage, reducing US incomes to those of europe, and europe to those of eastern europe.

    The purpose of existence is reproduction not self satisfaction, and without reproduction we cannot have self satisfaction., People that do not produce replacement level reproduction or more, are a dead weight that consumes human, social, economic, institutional, and strategic capital.

    Cheers
    Curt Doolittle
    The Natural Law Institute

    Source date (UTC): 2023-05-18 00:32:28 UTC

    Original post: https://twitter.com/i/web/status/1658993924306812928

  • WHY ARE RETAILERS CLOSING? Is it cyclical (a little). Is it technological (a lit

    WHY ARE RETAILERS CLOSING?
    Is it cyclical (a little). Is it technological (a little), is it geoeconomic (a little). But what is it mostly? Well, that’s simple:

    1. Decapitalization of human knowledge by failure of education by capture of education by hostiles to individual responsibility, competition, and tolerance for adversity and need for adaptabiilty.
    2. Decapitalization of Individual productivity by unnecessary education costs for entry into the jobmarket.
    3. Decapitalization of marriage capital by decline in dating, mating, marriage
    4. Decapitalization of physical human capital by decline in reproduction
    5. Decapitalization of family capital and decline in per household income in the family and increase in single parenting.
    6. Decapitalization of potential for human capital by urbanization and density under which all productivity increases from density are captured by housing and taxation costs.
    7. Decapitalization of economic potential by asymmetric reproduction and immigration causing US IQ to drop to second world levels.
    8. Resulting decapitalization of strategic advantage, reducing US incomes to those of europe, and europe to those of eastern europe.

    The purpose of existence is reproduction not self satisfaction, and without reproduction we cannot have self satisfaction., People that do not produce replacement level reproduction or more, are a dead weight that consumes human, social, economic, institutional, and strategic capital.

    Cheers
    Curt Doolittle
    The Natural Law Institute

    Source date (UTC): 2023-05-18 00:32:28 UTC

    Original post: https://twitter.com/i/web/status/1658992867753308168

  • Ziehan. That said, having lived in Canada, bought and run a company there, and t

    Ziehan.
    That said, having lived in Canada, bought and run a company there, and then as a student of economics and geostrategy, the accusation bears more truth than falsehood. šŸ˜‰

    Source date (UTC): 2023-05-17 00:00:41 UTC

    Original post: https://twitter.com/i/web/status/1658623536280350720

    Reply addressees: @Terence77350719

    Replying to: https://twitter.com/i/web/status/1658589960566628352

  • RT @SaltyTesla: @elonmusk @krassenstein Allow me to help. US Average household i

    RT @SaltyTesla: @elonmusk @krassenstein Allow me to help. US Average household income is $67,521. America does not have a national debt pā€¦

    Source date (UTC): 2023-05-15 09:18:30 UTC

    Original post: https://twitter.com/i/web/status/1658039140544397312

  • Still won’t work because free riding, underinvestment in commons to maintain pop

    Still won’t work because free riding, underinvestment in commons to maintain population and trade, and high attraction of those that externalize costs, and under prosecution of them, causes other states to eventually conquer.

    Source date (UTC): 2023-05-15 08:46:23 UTC

    Original post: https://twitter.com/i/web/status/1658031058309267456

    Reply addressees: @MakingMoneyFast @balajis @nation3

    Replying to: https://twitter.com/i/web/status/1657956757413548032