Conor Neu (@ConorNeu) / X

Conor Neu

11.1K posts

Conor Neu

@ConorNeu

Husband to @KatieMay, private credit CIO @PierAssetMgmt. My opinions. Past performance no guarantee of future results. See link for more info.

Los Angeles, CA

pieram.com/disclaimers

Joined December 2008

Pinned
Conor Neu
@ConorNeu
Jul 30, 2021
Lots of new friends; here’s what we do and how you can get involved. We invest in small dollar loans (<$250k) and contractual cash flows. Examples: small business, consumer loans, bridge real estate, music royalties advances, litigation finance, etc.
Conor Neu
@ConorNeu
Jan 13, 2019
Replying to @saammotamedi
Great read! Love this: “Imagine if cavemen had been shown the smartphone you’re using to record me. What would they have thought about this special rock? Now imagine that Oumuamua is the iPhone, and we are the cavemen.”
Conor Neu
@ConorNeu
Sep 28, 2021
Good morning to everyone except those who require wet signatures on legal documents.
Conor Neu
@ConorNeu
Aug 14, 2022
Google “unclaimed property [your state]” Find your states site. Search for you and your extended families names. I just found >$15k of unclaimed cash for all my extended family, including $75 for myself. Great IRR on this one…
Conor Neu
@ConorNeu
Jan 18, 2023
Friend sold his 20-yo company. So glad for him. After the press release came out, several old employees/advisors asked for a cut. “Remember how much I did for the company? You should pay me some of those proceeds.” WTF?
Conor Neu
@ConorNeu
Dec 8, 2022
We are hiring an Investment Analyst. This person will work closely with me and spend a lot of time in Excel. Hot tip first interview question: What’s your favorite Excel function and why?
Conor Neu
@ConorNeu
Jan 14, 2023
If you’re currently buying <1-yr treasuries at 4%, should you just overpay your taxes instead? You’d get that refunded at tax time and earn 6-7% on that balance. Not tax or financial advice…
Conor Neu
@ConorNeu
Jan 26, 2021
Finished up a fun project that overlaps finance, parenting, Twitter, and more. Here is the end result. But let’s start at the beginning.... 1/13
Conor Neu
@ConorNeu
Mar 12, 2021
Any VCs raising for their first or second fund presently? Am looking to allocate in $25-100k slugs from an entity I manage. Would like to see 10-20 funds and pick 2-3. DM if raising.
Conor Neu
@ConorNeu
Jul 25, 2021
Drove from LA to Seattle. If you ever doubt the greatness of this country, get out and see it all. Great reminder of how special this place can be. Crater Lake, OR Deepest blue I’ve seen in forever.
Conor Neu
@ConorNeu
Aug 6, 2023
15 Q’s in 60 seconds. Everybody wins! #15Q60 Did you move states in July?
Yes10.8%
No89.2%
1,149 votesFinal results
Conor Neu
@ConorNeu
May 2, 2021
I’ve now spent 9 years in equities and 9 years in debt. Understanding one is so valuable for understanding the other. I’m a big proponent of mid-career shifts within your industry.
Conor Neu
@ConorNeu
Sep 1, 2021
“I’ve always thought of the gov’t as my 50% silent partner. Between cap gains, income, and sales taxes, they’re getting half. When they put a rent moratorium in place I realized they also have the controlling equity vote.” - Overheard at @CapitalCamp by a multi family landlord
Conor Neu
@ConorNeu
Aug 24, 2023
Just bought a subprime auto portfolio, fully performing (no DQs), at 76% of par ($2mm purchase price). Priced it up using a 25% discount rate, cumulative loss curves going to 25-40% (depending on term), and 25% expected recoveries. Some strats: Avg coupon 24.6% 467 loans Avg