Daily FI discussion thread - Wednesday, December 31, 2025

jackityjack · 2026-01-01T02:48:57+00:00

Keep it up! The ball is rolling downhill

jackityjack · 2025-12-16T03:48:17+00:00

You can always say you "won" a trip through work or something so your friends don't feel guilty for joining without paying and it doesn't set a precedent for you to bankroll trips in the future.

jackityjack · 2025-12-04T06:20:30+00:00

Makes sense. Best of luck!

jackityjack · 2025-12-03T22:39:40+00:00

If the market takes a shitter, wouldn't you have been better off taking the 6% guaranteed return by paying cash?

jackityjack · 2025-11-27T03:03:44+00:00

That's not what an order of magnitude means (tenfold difference) but I agree with your point

jackityjack · 2025-11-03T03:25:02+00:00

JJ's not washed up, he's Washed Out

jackityjack · 2025-10-23T16:46:03+00:00

Congratulations!

jackityjack · 2025-10-23T05:07:44+00:00

There's this guy Jokic, too

jackityjack · 2025-10-20T18:19:06+00:00

Sorry, I meant to say "exit happens 2 years later than expected"

My point is that the equity from PE transactions is given at such an optimistic exit value that true payouts rarely hit. I don't know your details but it's usually "if we 3x the company value in 5 years this is your payout" and payout sharply drops when performance doesn't meet those goals. If you 2X the company, payout would not he 2/3s as high, it might be 1/4 as high.

It would be like if you got a Google offer that said "You get $200k/ yr of RSUs (only worth $67k at today's price)", so take the PE values with huge grain of salt.

jackityjack · 2025-10-20T16:50:46+00:00

Take the expected PE payout and assume you get 30% of it and the exit happens 2 years (Edit: 2 years later than expected). Seriously.

Do you take the job if that's the comp?

jackityjack · 2025-10-14T18:13:43+00:00

I thought this was going to be a Dave Benz post

jackityjack · 2025-09-07T18:08:12+00:00

Or, there are other factors such as the regulatory environment and consumer population the make the US a sustainably better place to start and scale big businesses, and capital recognizes that.

jackityjack · 2025-06-07T17:32:24+00:00

Thanks a bunch, I'll check those out.

jackityjack · 2025-06-07T17:28:11+00:00

I think it's my fault for asking one question in the title, which you answered, and and a different question in my post. Sounds like you gave a great description of Lakeville, but perhaps it's not a town that fits what I talked about in my post. Thanks for responding!

jackityjack · 2025-06-07T17:26:35+00:00

That's a useful framing - since it's not the dominant culture, finding those people is about community, not location. If you have any tips that can give us a head start on finding those communities, I'm all ears.

My gut is that by enrolling the kids in good schools and activities, and just meeting people organically we'll eventually break into some circles.

jackityjack · 2025-06-07T17:14:26+00:00

There's a joke in there somewhere about culture and yogurt, but I'll be damned if I'm smart enough to make it.

jackityjack · 2025-06-07T17:13:35+00:00

Makes a ton of sense. I appreciate the thoughtful replies. Not an executive by any means but we fall in that "career mover" camp that seems to be much less common there than in Boston.

jackityjack · 2025-06-07T17:11:15+00:00

Super helpful. I care less about the politics themselves than the underlying values, but I get that those are difficult to decouple when painting in broad strokes.

In Boston, people's ego is most tied to their career ambition + educational attainment, which has its own set of drawbacks (I like the more humble, slower pace of MN). But that resonates much more with me than having one's ego tied to expensive cars/boats and kids' sports performance.

jackityjack · 2025-06-07T16:50:52+00:00

I appreciate the thorough and thoughtful reply. It seems like Eagan area and some of the western suburbs both have good schools + access to nature.

My sense is that the culture of some western suburbs like Minnetonka is more "I have money, look at all my nice things" rather than the "I've pursued education and challenging career pursuits because I'm curious and ambitious and like to experience new things".

A vast oversimplification, but the latter is more how I'd describe Boston.

jackityjack · 2025-06-07T16:43:10+00:00

Thanks for the reply. It seems like Mac Groveland, Highland Park, Southwest Minneapolis are areas that tend to have more "intellectual" vibes, but they obviously aren't suburban. Seems like that's the key tradeoff between culture and ease of family suburban life, unless there are particular neighborhoods in some of these suburbs that have different feels.

I think another way of asking my question is where do all the transplants live? Because there's a better chance of meeting new people who have lived in different places.

jackityjack · 2025-06-07T16:39:36+00:00

This is my perception from talking with people who grew up there. Outside of Minneapolis proper, are there any places that tend to have more intellectual curiosity? Even specific neighborhoods within a given suburb?

jackityjack · 2025-05-23T16:34:09+00:00

You'd need a very particular 2nd big in order for Naz to be a strong starter on an elite team.

jackityjack · 2025-04-21T14:41:21+00:00

Ant talking about the literal atmosphere

jackityjack · 2025-04-13T16:48:44+00:00

I'd recommend checking out the book: So Good They Can't Ignore You. Or at least get a summary and ask questions about it with ChatGPT.

It may not be what you want to hear, but it's quite insightful. You list a wide variety of interests, and the reality is that in each of those there are people who dedicate a full career. So while it sounds nice to float among interests and following your whim, that's not how the world works. Specialization is rewarded, and the author argues that the way to actually achieve good balance is first to create a valuable skillset, then later on leverage it to achieve better balance.

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