Founder & Managing Partner Euphrates Advisors LLC (Frontier Equities & Venture)
Joined February 2012
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iPhone 2G 8gb (first iPhone) retailed for $599 in late June 2007. It sold for $30k last night, or approx 50x, outperforming Apple’s stock by more than 500% on a total return basis.
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Geoffrey Batt retweeted
The idea that majority of Iraqis still prefer living under Saddam should never be a headline. If a journalist prefers to run with that headline they better have some research to back it up or otherwise it is just clickbait and sensationalism.
"You can’t wipe out the first 3 decades of someone’s life. It’s not that I cherished that life. I resented every piece of it but it’s the only life I got. And that life is gone."
The words of doctor Ali Hamdani to @scribblercat
thetimes.co.uk/article/iraq-…
Geoffrey Batt retweeted
And the most popular mobile wallet in Iraq is controlled by Kuwait...
Geoffrey Batt retweeted
After some very difficult times, Fallujah is bouncing back. Great to see. xitter.cf/gfelge/status/15848905…
Iraq should use oil futures to hedge 50% of exports through '25. Using the current futures curve it cld lock-in a price of $91, guaranteeing the state ~$66b annually. If oil falls to $30 the other 2m bpd generate $22b, giving state $88b total annual rev in a low price environment
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Crude oil in Asia trades ~$120 bbl. We are about $20-$30 away from demand elasticity becoming a major factor in the oil market.
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Miswag's new fulfillment center in Baghdad. The added capacity should contribute to the next phase of growth at Iraq's top e-commerce company. youtu.be/PQlit1YqrX4
According to a new Bank of England paper, the Great Moderation began in the 16th century, not the 1980s.
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Geoffrey Batt retweeted
I am seeing a lot of ads on CNBC by startups that look to me like companies burning VC money, and to little effect. Reminds me of 1999 when most of Cisco’s business was with internet startups burning capital and that would be gone in a year or two.
Geoffrey Batt retweeted
Alsaree3 Group has closed a 7-figure Bridge funding round. Proud to have have participated in this process and grateful for the opportunity. magnitt.com/news/alsaree3-gr…
A few days into @joinClubhouse. The best feature is "leave quietly". CH should extend that option to the platform itself, a 1 button exit from a social experience that's a mix of Tony Robbins self help quackery & get rich quick schemes. It's the subprime mbs of social media. 👎
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Geoffrey Batt retweeted
New superhero idea: the CAPE Crusader, who flies around preventing investors from listening to anyone who mentions the Shiller CAPE ratio. His quest is to keep them from missing out on one of the great bull markets in US history.
Only it won't b/c the website omits some questions SF missed by a mile, e.g. a question abt total # of confirmed COVID cases in the US by March 31, 2021 predicted at least 93 million. Total cases today = 27.7 million. Why not include this in your track record @Superforecaster?
How accurate are the Superforecasters? Their track record will tell you: goodjudgment.com/resources/t…
#forecasting #forecasters
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Geoffrey Batt retweeted
A magic genie offers you, free, 10% of one of the below two companies with about the same $40b market cap. Only rule is you have to hold the shares for at least 10 years. Which do you choose?
69%Ford
31%Peloton
67 votes • Final results Geoffrey Batt retweeted
Baghdad is, in fact, comparatively chill.
.@MarthaRaddatz: "It is so horrible to know, we are in America where this is happening, on Capitol Hill. I'm not in Baghdad. I'm not in Kabul. I'm not in a dangerous situation overseas. We are in America."
LATEST: gma.abc/35fT1LT
Each year Iraq projects large deficits; each year the actual figures are far less ominous, e.g. 2016 deficit = 9.7t IQD against 24t IQD projected in budget. The reason: expenditures *always* fall short of projections because the GoI lacks ability to spend what is allocated. /1
In out years IMF's forex projection is unduly pessimistic; in absence of new global shock or failure to put SARS-CoV-2 behind us there's little reason to believe Iraq forex will approach $0 by '24-'25. And it's equally unlikely Iraq will burn through 1/2 of forex in '21. /3
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