How it started:
https://x.com/huntercdurham/status/1555151612649373696?s=46&t=adkI2ikYoV603D49MwyCPg
How it’s going:
https://x.com/huntercdurham/status/1698755183948251452?s=46&t=adkI2ikYoV603D49MwyCPg
Discussion
What’s the context of this
Some guy on Twitter boasting about taking out all these SBA loans to build a portfolio of businesses in 2021 and how successful he was only to declare bankruptcy in 2023. Story of risk management and leverage.
Gotcha. Running businesses is hard, for some reason there is this idea people with no experience can just become mini Buffetts and buy a bunch of small businesses and be successful.