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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 23 Oct 2019
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      I bought some WeWork bonds with the intention of holding them to maturity. My thesis: 1) I believe the business is a good one on a per-location basis over medium term. 2) SoftBank is pot committed to success of it. 3) I distrust bandwagons and wanted to short this one.

      30 replies 16 retweets 341 likes
      Show this thread
    2. Phil Freo‏ @philfreo 23 Oct 2019
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      Replying to @patio11

      Out of curiosity, how does one actually buy WeWork bonds?

      2 replies 0 retweets 3 likes
    3. Patrick McKenzie‏ @patio11 23 Oct 2019
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      Replying to @philfreo

      If one really wanted to do this, and I repeat again that nobody who doesn't already know the answer to this question should want to do this, one could hypothetically purchase them through one's InteractiveBrokers account in much the same way as any other security available there.

      2 replies 1 retweet 31 likes
    4. Phil Freo‏ @philfreo 23 Oct 2019
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      Replying to @patio11

      Makes sense. And I very much don’t want to do this. I just always assumed individual company’s corporate bonds were out of reach for regular investors.

      1 reply 0 retweets 5 likes
      Patrick McKenzie‏ @patio11 23 Oct 2019
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      Replying to @philfreo

      They were once more popular but are a niche product for retail investors. Probably more niche over time due to a combination of a) a retail investor generally wants the bonds for income and a e.g. bond ETF is almost always a better vehicle and b) poor economics to broker.

      6:08 AM - 23 Oct 2019
      • 5 Likes
      • Hot Robert Bobby Fijan #ohyeah #learn #infosec #comedic #investing #cyber Michalis Polakis Phil Freo
      1 reply 0 retweets 5 likes
        1. New conversation
        2. #ohyeah #learn #infosec #comedic #investing #cyber‏ @MrTurkey 23 Oct 2019
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          Replying to @patio11 @philfreo

          Funny enough you can buy a lot of things, liquidity is gone if you were to buy an individual Bond, versus an ETF, you can't sell part of the bond, but the ETF is made up of lots of arms and you can sell part of it. Risk is dramatically less...

          1 reply 0 retweets 0 likes
        3. #ohyeah #learn #infosec #comedic #investing #cyber‏ @MrTurkey 23 Oct 2019
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          Replying to @MrTurkey @patio11 @philfreo

          Grandparents purchased US savings bonds that matured when I was a certain age for example. Today you be better served to buy an ETF Bond fund much of the time, and there were no 528 plans at the time

          0 replies 0 retweets 0 likes
        4. End of conversation

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