• Tuesday

    • Slack jumped a huge 18% yesterday, 350k IBM users wow.
    • 3 realms: Buy (hedge funds) Sell (banks) Vendor (fintech).
    • Something graphics-card-related crashed during my webex with citadel converts today. Couldn’t connect, and then later notices that media wouldn’t play; not even youtube. Restart fixed.
    • Bonds obviously don’t imply ownership, it’s more like a loan. Little return, low risk, low volatility. Someone who has bought bonds from a company or an org or a treasury is usually considered a creditor, not an investor.
    • Convertibles.
      • Convertible bonds. Allow you to convert bonds into shares.
      • Convertible preferred shares. Get a fixed income (usually dividends) with no risk of share price rise/fall, and then at a later date you have the opportunity to convert as much as you want into common shares. Good for early investors, low risk and then convert when the startup becomes reliable.
    • Bought a new pillow. Gonna experiment with a few things.
    • 2 team-matching calls. Extensive notes in private drive.