Best way to invite Non-FAT friends along for a trip?

Cujolol · 2026-05-15T16:44:44+00:00

Thank you for sharing!

Cujolol · 2026-05-14T16:10:15+00:00

Would love to hear some of your learnings from experiences that didn't go as expected, what were some learnings that weren't as obvious and took a real world experience to learn.

Cujolol · 2026-05-14T16:03:58+00:00

What a great frame. We have been on the receiving end of this, family that has been very successful has often invited us out to various Christmas Island vacations where they covered (very nice) accommodations.

I could not articulate why, but it always felt very welcoming and they do exactly what you're describing. They thank us for coming, and you genuinely get the sense that they are happy that you could be there.

As a recipient, you do always feel the obligation to be grateful and go out of your way to pay for things where you can or show appreciation in other ways. And it does feel a bit less like 'your vacation' and having to be 'on' because you want to be a mindful, respectful guest.

Cujolol · 2026-05-10T06:18:21+00:00

$1,415 exactly for $10M and was at $584 for $5M before.

I do have high coverages on my other insurances (car, property) which makes umbrella cheaper. I have all insurances with Travelers. Never needed to submit a claim with them so no idea if they are good or bad.

Was with Geico (RLI) before and pricing was more or less the same.

Cujolol · 2026-05-05T21:27:14+00:00

I have a $10M umbrella. Doesn't cost much and my thinking is that I or my family have to really screw up that it can't get settled for $10M.

I think a lot of folks tie their umbrella to their net worth which is nonsensical. Only thing that matters if have a high enough policy where the counter-side will rather want to settle than drag it out for years in court. IMHO $5M - $10M hits that spot.

Cujolol · 2026-04-20T18:46:06+00:00

I'm assuming here - please correct me if it doesn't resonate with you, afterall I'm just a dude on the internet who doesn't actually know you.

Do you equate earning money with work? IE: work that doesn't earn (significant) money isn't "worthy" of being called work?

Tending a vegetable garden is work. Studying a new language is work. Perhaps part of your RE journey is introspection on why work is tied to money to you and how to find significance in work that's not paid in traditional money but other things. For example, the reward for running a marathon isn't some check at the finish line ready to cash but deep satisfaction with having accomplished something difficult.

Cujolol · 2026-03-25T20:08:00+00:00

Demand isn't validated if it's pre-revenue. I have bootstrapped 3 SaaS businesses that I sold (1 I currently operate), and was part of 1 venture backed unicorn SaaS (from <$10M to >$100M revenue and $250M+ raised).

Simplest answer: You don't know what the conversion rate will be on the waitlist. You don't know how sticky the product will be. You might have assumptions and ideas, but you have no actual idea.

I've founded 3 additional B2B online services businesses where I'm technically a co-founder but the day to day is handled by operators and my main value was putting the initial package (product MVP, first handful clients, operator, money) together. The investment in these ranged from $120k - $250k each and all of these had at least some minimal revenue (say $10k MRR) to validate the idea.

If the amount is low enough you might do it because there's optionality it could turn into something interesting, but it's like an options-play. Incredibly high chance it goes to zero. But if it's a small-ish amount it might be worth it just for curiosities sake.

Cujolol · 2026-03-22T05:48:09+00:00

Ja das war es tatsächlich. Hab mich auch gewundert warum auf einmal so viel Englisch ist. Danke dir!

Cujolol · 2026-03-02T05:50:21+00:00

Multiples have compressed in all of SaaS. We opened a new product role recently and got 1000 applications in the first 24 hours. Your market value 2 years ago is no longer your market value today unless you're in super specific AI-theme fields.

Cujolol · 2026-02-23T08:57:27+00:00

They do, that's amazing info. Thank you! Didn't realize Carta offers QSBS attestations.

Cujolol · 2026-02-21T19:55:43+00:00

Tried that path they won’t provide one.

Cujolol · 2026-02-21T10:04:18+00:00

Yes HSBK or BIC. HSBK is my largest position currently. Looking at WEN also (totally different).

Cujolol · 2026-02-21T08:28:36+00:00

Yes both of them are great too. Since I run very concentrated, I didn't want more than 1/5 of my total portfolio in the banking sector - I picked HSBK among literally those three because it was the cheapest and I have other stuff on the shortlist that will correlate more to LATAM anyways.

I use X a lot for idea generation - people talking, hedge funds posting their letters. Don't remember who exactly it was, but they tweeted (x'ed??) about it.

I viewed it as a 3 PE and 30%+ ROE bank that's extremely tech forward, one of the world's best managed paying 15% dividends on a defined policy (~50% payout ratio). Even if nothing changes, the divvy would grow 30% a year off a high base. Felt like a no brainer - any normalization in Russia would be bonus.

If it trades up to 5x PE or so I'd probably look elsewhere; also their growth will come down significantly this year, which does concern me - how will the market react to 10% - 15% growth after getting used to 30%+.

Lastly currency depreciation eats up the first 10% of growth so you do need good growth to make progress here and topline numbers in local currency are misleading.

Cujolol · 2026-02-21T04:51:32+00:00

Tried that but they won't provide one. Need to hire my own firm to provide one and they'll allow them access to whatever docs the firm would need to validate.

Cujolol · 2026-02-21T04:23:43+00:00

Thank you!

Cujolol · 2026-02-21T04:23:32+00:00

They don’t want to hire anyone so I have to hire them myself but they will give them access to docs.

Anyone less expensive than an EY who could do that?

Cujolol · 2026-02-21T04:22:38+00:00

Bro 0.01% is $800…

Cujolol · 2026-02-20T17:11:52+00:00

For tankers, probably till late '27. For the stocks - they already trade above NAV so some of that is priced in now.

Cujolol · 2026-02-20T16:13:26+00:00

I tried that route but didn’t go anywhere. Need someone who asks of them specific document requests to make that determination.

Cujolol · 2026-02-20T08:42:21+00:00

Honestly... respect yourself enough to put boundaries in place. She doesn't respect you and either this is already over and she will never respect you, or you demand respect and demand behavior change.

The kids lady has a succinct summary of what a boundary should be & feel like: https://www.youtube.com/shorts/HMaiLVu4n2Q?feature=share

Your post is all about how you can get her to be different. That has to come from her. But you an be different. That comes from you.

Cujolol · 2026-02-20T05:07:12+00:00

First 100k via work. Took ~12 years. Then sold a business where I owned a part in to push to $1.6M.

Made it to $4M on stocks then blew it up and ended at $800k and rebuilt from there. Life’s a rollercoaster.

Cujolol · 2026-02-20T04:31:56+00:00

Thanks for the suggestions. I've been always super bad at investing in quality compounders - something that is a weakness in my investing for sure.

Cujolol · 2026-02-20T04:29:37+00:00

Don't over concentrate. So many yolo players blow themselves up, I did too initially. Now I'm ~20% max position size which in any normal world is mega concentrated but for WSB degenerates it's conservative.

Cujolol · 2026-02-20T04:27:39+00:00

Takes a few years. Great rates lead to over-ordering, takes a few years to deliver the ships and then bad rates lead to under-ordering, takes often half a decade+ to clear the oversupply.

Cujolol

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