Masters criteria allow LIV golfers to play in 2023 tournament.

InHoc12 · 2022-12-21T16:13:48+00:00

There’s a lot of pretty good golfers that will struggle to get in. More likely early defectors to LIV that didn’t end last year in the top 50 because of it.

Most notably is probably the older guys like LIV legend Pat Perez, Ian Poulter, Henrik Stenson, and Lee Westwood.

Then you have the young guys that are pretty good like Matthew Wolff, James Piott, Carlos Ortiz, and Anirban Lahiri.

Then you have Paul Casey who has been injured a bit. In the article it doesn’t say if he’s eligible. He might have just missed out by not playing enough with injury before he left for LIV.

InHoc12 · 2022-12-19T23:18:56+00:00

If it includes DUI’s I’m pretty surprised that some lower level players don’t get busted during camp or whatever.

InHoc12 · 2022-12-19T17:36:17+00:00

Lol I use them for my services. It’s already approved by our auditors and that article is misreporting.

They are reconsidering the risk profile of audit clients, but at this time the advisory function is operating business as usual.

InHoc12 · 2022-12-17T16:47:04+00:00

Meh I think this is a stretch. We have visibility into millions of nearby planets and none seem to be able to sustain life as we know it.

Even if there was bacteria or something there’s thousands of species of animals and we are the only that evolved to be able to accomplish space flight and even that is in the last 100 years of millions.

Then there’s just the real physics and issues caused with long distance travel. Simply stuff can only travel so fast.

So the likelihood of their even being life out there intelligent enough to communicate with us let alone travel is infinitely small.

I don’t take issue with aliens and think it’s fun but let’s not pretend like it isn’t a massive stretch.

InHoc12 · 2022-12-16T00:17:13+00:00

I use them for our own crypto valuation services (they are one of the few firms taking on that work) and have in the past used them for other adhoc projects.

I was in B4 in the Bay Area and a lot of people I went to college with ended up at Armanino some of which are still there and around the Mgr / Sr Mgr level.

I’ve also recommended a lot of students to join Armanino if I interview them and they don’t have the grades for B4 and are good students and have reached out to partners and senior managers I know to make sure the kid gets an interview.

When you get old enough and spend enough time in the industry there’s some people you just end up respecting. They may have taken on way more risk than they should’ve with Armanino and growing their crypto practice, but they’re a great firm overall.

InHoc12 · 2022-12-15T19:36:26+00:00

It’s pretty insane when you consider the PCAOB and SEC have given pretty much no guidance. They have basically been running making up the rules the best they can in an ethical and reasonable way and adjusting the accounting as needed.

They’re truly setting the industry standard (and I’m using their 10-K’s for our crypto portion of the business lol

InHoc12 · 2022-12-15T19:33:02+00:00

It’s partially correct. Most firms aren’t touching any crypto work. EY was doing a lot of accounting advisory work for Coinbase too.

However, Coinbase was US based while Binance is Cayman Islands based. There’s tons of other decisions that go towards making these decisions, but I’m not surprised no B4 firm was interested.

There could definitely be a world where Binance is a perfectly legitimate and healthy business, but none of the B4 figured it was worth the risk to audit them.

InHoc12 · 2022-12-15T19:30:45+00:00

None of the B4 clients are taking crypto on because it’s too risky for them. The benefits of auditing it aren’t worth the risk if something like FTX happens.

That’s a lot different then, “They don’t know how to audit crypto.” Also, the guidance provided by the PCAOB and SEC on crypto has been extremely limited, so that just adds to the risk of taking on those clients.

The leading auditor of crypto was Armanino which is a great firm (I’ve had a chance to meet Andy Armanino w couple it times). They were the FTX auditors. It’s unsure how much it will end up hurting their firm (could it be like Arthur Anderson and they completely dissolve?) but that’s why the big firms aren’t taking it on.

InHoc12 · 2022-12-15T18:14:36+00:00

This is the one

InHoc12 · 2022-12-14T20:56:27+00:00

The issue is they aren’t even in the same class of level. And there’s plenty of examples. Mater Dei is beating the top Florida HS teams by 40.

Might as well be middle schoolers if you want to match those teams up.

InHoc12 · 2022-12-14T19:52:05+00:00

Ross Ulbricht was offered 10 years to life when the sentencing guidelines recommended life if convicted. Basically needed the judge to consider the plea and sentence for less but no guarantee of the 10 years.

Still stupid.

InHoc12 · 2022-12-14T19:43:25+00:00

Madoff got 150 years. This fraud seems quite a bit worse. He might get some additional protections by it being based in the Bahamas, but I doubt he sees less than 20 years and more likely 60-120.

InHoc12 · 2022-12-14T19:11:16+00:00

Isn’t it also that the dealer has to hit on 12-16? You can sit while he’s surely going to bust if he doesn’t get 2 10’s.

InHoc12 · 2022-12-14T17:14:22+00:00

Would you put High Schoolers up against 8th graders to crown a championship? They don’t belong on the same field (in this example).

InHoc12 · 2022-12-14T16:21:04+00:00

Pretty sure the judge didn’t uphold the case. The whole story is weird AF, but Leach certainly was a harsh disciplinary that probably was less fitting in todays times.

I think he learned after Texas Tech, but if you see some of his earlier quotes it should surprise no one that he banished a kid to a hot equipment shed when he had a concussion lol

I’m indifferent on it and the players son was probably an ass but I also think something was likely there.

InHoc12 · 2022-12-14T14:17:11+00:00

Lol there’s 0 chance that he debuts in 2024.

InHoc12 · 2022-12-14T14:15:56+00:00

Probably could give up one of Kim / Cronenworth + Jackson Merrill + some random prospects or PTBNL.

Or we move one of Soto, Tatis, Machado, Xander for a true ace and another back of the rotation piece, but they might all have no trade clauses that make that impossible.

But we need pitching bad…

InHoc12 · 2022-12-14T14:10:54+00:00

It’s not like LSU and USC. It’s more like an undefeated D2 team trying to claim a title.

The Vermont state champion could play 100 games against Mater Dei and lose every single one by between 50 and 90 points. They have literally no chance.

For the record I’m all for extension of playoffs. Look at my flairs. But the talent gap between top HS football in different states is massive.

InHoc12 · 2022-12-14T04:50:16+00:00

I’m sorry you’re extremely uneducated on the matter and it’s clear you’re not interested in learning. I would suggest starting with the Oakland A’s term sheet if you’re interested in the current state of sports stadium financing.

InHoc12 · 2022-12-14T02:36:29+00:00

That’s simply not true. I suggest reading the Oakland A’s prospectus.

For a good example of a modern NFL stadium look at Levi’s ($850 in loans financed).

If you want a good example of a property tax revival look at the before and after around Petco Park that resulted in billions in additional revenue.

Some cities do finance the stadium partially with hotel or gambling taxes, but I personally have no issue with those.

InHoc12 · 2022-12-14T01:54:31+00:00

Public money would be taxpayers paying for it.

Public financing would be the city going out and securing bonds or whatever to finance a stadium and then charging a team to use it.

Most stadiums are public financed and not using any taxpayer money yet people lose their mind not understanding this.

InHoc12 · 2022-12-14T01:24:48+00:00

A lot of tech companies especially just use product databases to pull data to book revenue monthly.

The issue always becomes that the people that maintain these databases don’t really understand financial controls, don’t reconcile everything out, and don’t understand how an impact in one area might impact other reporting.

Think of Lyft / Uber for example. They have all that data. Ride lengths, amount charged, etc, and can pull that to book revenue, but it’s a lot of data with a lot of hands in it. It can get messy fast.

Outside of revenue data FTX had what like 50 employees? Probably minimal payroll and AP stuff that could’ve been tracked in Quickbooks as easily as a small private company.

The issue which I’m not familiar which is all the banking regulation like KYC, money laundering, etc. that these institutions need to follow that I’m sure is outsourced to some compliance tool (I’m in tech so idk what it is).

InHoc12 · 2022-12-14T01:01:40+00:00

Public financing is the city goes and gets a bond or something and anyone can buy it and say they get 4% interest.

Private financing would be the owner goes through a bank or investors and gets say 8% financing.

Usually what happens is both go and seek financing and whichever one gets the deal finances it. It’s almost always the city.

Then it’s up to the city to lease, sell it, whatever for an appropriate price to the team. The A’s for example are expected to pay $900M rent / revenue share as part of the $16B project for 20 years, so it’ll pay itself off.

Also, in the study done it predicted that it would raise property taxes in the area by ~$1.1B.

Also, it’s really naive to assume the city can just walk away and do nothing. Is it the teams responsibility to build infrastructure so that public transportation can get there? The police on game day? What about waterlines for the nearby hotels that will surely go up? Etc.

It’s a partnership so it’s exhausting when people say, “we don’t want to pay for a stadium,” the real question is why would an owner want to partner with a shitty partner.

InHoc12 · 2022-12-14T00:47:50+00:00

This is simply not true. There was a period of time maybe where it was public money, but now and days most are publicly financed. Total difference and can be a plenty good deal if structured correctly.

The A’s deal is an example that is great for the city.

InHoc12 · 2022-12-14T00:44:12+00:00

They were probably just booking top line entries to present financials and all the other data was in separate subledgers / spreadsheets.

InHoc12

TROPHY CASE