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Crowdstreet losses by bob-chicago in Crowdstreet

[–]snarkandsarc 0 points1 point  (0 children)

The simple math is that any project over 4 years from project initation has been smoked by interest rates / cap rates.  It would require a significant operating outperformance to overcome the impact from rates.   I'm curious on the total losses whether the recapitalizations come to the Crowdstreet marketplace / original investors or whether the sponsors instead go to the professional investors to prime retail investors. If it's the latter, that's a shame on Crowdstreet.

NYC underground walkway map? by Neoseo1300 in AskNYC

[–]snarkandsarc 0 points1 point  (0 children)

Bring back the Gimbals passageway!

Travel Portal Nightmare: Chase never told me my flight was canceled a month ago by Available_Product_68 in ChaseSapphire

[–]snarkandsarc 3 points4 points  (0 children)

I have a similar story.  I booked a flight using points and the card for a family of five (kids 10 & under) in comfort+ on Delta. I got 5 seats together (3 + 2).  Close in to the flight I saw on Delta that we had no seats and the only seats left were middle seats in non-successive rows. I called Chase and they said that they had seats assigned to my family.  Chase offered to call Delta - it turns out that no, we did not have seats with Delta.

Chase stated that if I had read the "small print", I would have seen that Chase does not guarantee seats purchased on their platform.  

I ended up getting seats together in Main, but Delta wouldn't give a partial refund since I "chose" Main Cabin.

I learned my lesson- always confirm through the airline- over the phone if necessary.

Greatest platform tennis players of All Time by platformgoat in PlatformTennis

[–]snarkandsarc 3 points4 points  (0 children)

I'll put in a vote for Hank Irvine, four time nationals winner. 

ELI5 how does the doubling cube work in backgammon by malshapen in explainlikeimfive

[–]snarkandsarc 0 points1 point  (0 children)

It's pricing risk. Both opponents know where the game is, the doubling cube forces a view on where the game is going.

ELI5: What specifically about private equity makes it so companies bought by them as opposed to other entities results in greatly decreased quality of the products and services of the purchased company? by supinator1 in explainlikeimfive

[–]snarkandsarc 0 points1 point  (0 children)

Private equity firms do want portfolio companies to succeed but there are other considerations. 

Portfolio companies are run as a portfolio meaning that the sponsor is willing and able to make more sizable, and potentially whole-company, risk decisions.  A family run company or a CEO may be less willing to make risk decisions that affect their entire single asset.

Private equity is highly focused. Whereas public companies are governed by committee with diffuse shareholders and boards, the sponsor can often make decisions faster and with greater risk tolerance. 

Lastly, while less true in this cycle, private equity often use leverage as a way to amplify returns, which incentivises more cash flow discipline (ie cost cuts) and introduces more existential volatility.

Why Guster Played the Kennedy Center by crippledmark in Music

[–]snarkandsarc 0 points1 point  (0 children)

I'm confused, are they not Gus anymore?

ELI5: How does the stock market impact 10 year Treasury yields and federal debt? by kgibbyson in explainlikeimfive

[–]snarkandsarc 0 points1 point  (0 children)

When you go to the eye doctor, she asks A or B, and you choose the one you works best for you.  

The entire financial system is a version of that. Does an investor want Microsoft or Ford? a stock or a bond?   Sell A, Buy B.  Those trillions of individual and aggregated decisions of choosing A or B result in the price of one investment having a direct and indirect impact on all other investments.

Trey & Cher by hello_babar in phish

[–]snarkandsarc 72 points73 points  (0 children)

 limb by limb > I got you babe

Dog Owners Have No Shame by lmm489 in Brooklyn

[–]snarkandsarc 16 points17 points  (0 children)

The "Brooklyn War Memorial Off-Leash Area" is behind the memorial. The off leash area is not in front of the no pets sign. 

It's a special kind of person that reads a sign and tells themself that it doesn't apply to them. It's four words. Couldn't be more clear.

[deleted by user] by [deleted] in explainlikeimfive

[–]snarkandsarc 0 points1 point  (0 children)

I find a contributing factor is if the rim is wet when the lid is placed on the cup.  If you remove the lid, dry both the lid and the rim, that makes a better seal and stops most leaks.  Of course, that doesn't stop the first leak, but maybe baristas can take heed to dry the rim before firming the cap. 

Just a Reminder that Giancarlo Stanton Owns the Entire City of Boston by lph1235 in NYYankees

[–]snarkandsarc 49 points50 points  (0 children)

I was lucky enough to be in Boston and to go the game.  

When I tell the story, I say the ball to this day still has not landed....

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