u/trialinfire

​At 6:15 AM today, my Sikorsky S-76 touched down on the roof of our Midtown office. Our Head of Tax tried to claim seniority. I reminded him that his rolling 30-day billable collections barely qualify him for an UberX, let alone a peak morning landing slot. Air superiority goes to origination, not tenure. He can take the Queens Midtown Tunnel with the commoners.

​We publicly justified the new helipad as a "frictionless logistical conduit" for our Tier-1 PE sponsors.

​The logistics have been seamless. Rather than waste money on FAA ground crews, we’ve integrated tarmac management into the first-year associate rotation.

​This morning, I watched a Harvard grad clear a flock of pigeons off the pad with a broom, then use two illuminated highlighters to guide my descent through the fog. He got aviation fuel on his suit, but he gained invaluable operational exposure.

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Hypothetical of course.

Let's say a firm starts to roll up an industry and makes 11 acquisitions and for a multitude of reasons is starting to look insolvent. The operators of the main entity see the writing on the wall and decide to take some really aggressive choices, some that involve things that are illegal in an effort to turn things around. They get caught and there are lawsuits mostly civil. They get bad press and are forced to quietly liquidate the companies at a massive loss. Maybe the senior lender calls the massive notes due? The company changes hands with no press. The vendors and customers are none the wiser but the liability has shifted to a new PE fund (PE fund 2)

PE fund 2 gets a sweetheart of a dead but assume the liability of the lawsuits. PE fund 1 is circling the drain. Investors wont fund new ideas and their best talent starts to flee. They start to wind down their investments and liquidate as much cash to the partners as possible.

PE fund two thinks PE fund 1 is healthy and has a escrow to cover potential judgements against their new company but they don't.

When these lawsuits prevail and PE fund 2 realizes PE fund 1 fucked them over hard, what happens?

PE fund 2 doesn't want to pay and their new investment is now insolvent. PE 1 is riding off into the hills with most of their cash in Personal trusts.

What happens? Any real life parallels you have seen play out?

The recency bias regarding 50s through 70s NBA players has gotten out of hand. The default dismissal is always some variation of "they played against unathletic competition."

We do not use this lazy logic in other sports.

Baseball fans universally respect Babe Ruth, Ted Williams and Hank Aaron. Nobody claims modern pitching or specialized analytics completely invalidate their dominance. THEY adjusted to their eras and left their own mark on the game.

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Look at horse racing. Secretariat set the Belmont Stakes record in 1973 in the most dominant race Ive ever seen. Think about the massive advancements in breeding, tracking, nutrition, and equine sports science over the last fifty years. Millions of dollars have been spent trying to engineer a faster horse. Yet, that horse holds records in all three Triple Crown races that may never be broken. I highly suggest you want this race. Gets me everytime.

https://youtu.be/AG\_27cCW5bw?is=y1pUe3S5UMkdimyu

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True greatness is measured by the gap between an athlete and their contemporaries. If a player separated themselves from the rest of the league by a massive margin, that is the definition of elite capability.

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Penalizing older players for lacking modern sports science, advanced footwear, and chartered flights is a logical flaw. If you dropped prime Wilt Chamberlain or Bill Russell into today's training pipelines from childhood, they would still be physical anomalies. Dominance is dominance, regardless of the calendar year.

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Despite all of today's advancements in science and nutrition, modern players rarely stay on the court for an entire game. The older generation played all 48 minutes in canvas sneakers with no load management. I respect talent across every era, but assuming something is inherently superior just because it is recent is absurd.

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