The Investing Koala
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Elon fights Zuckerberg

Elon fights Zuckerberg

Pick your Billionaire

Tim Wheeler
June 29, 2023

In The News

HELLO!!! Welcome to todays Tea session, if you haven’t yet already, follow us on Twitter!.

Top stories today:

Elon vs Zuckerberg - Billionaires ready to throw down
Loud Quitting - 1 in 5 Employees are “Loud Quitting”
Commercial Real Estate - Impending Collapse
Reddit - Bad at Monetizing
Best Job - Monetary / Compensation

Elon vs Zuckerberg

Tesla, Twitter and Space X bad boy Elon Musk was seen training.

I did an impromptu training session with @elonmusk for a few hours yesterday. I'm extremely impressed with his strength, power, and skill, on the feet and on the ground. It was epic. It's really inspiring to see Elon and Mark doing martial arts, but I think the world is served… twitter.com/i/web/status/1…
— Lex Fridman (@lexfridman)
11:30 PM • Jun 27, 2023

Incase you are somehow not aware, 2 of the richest men in the world could potentially be getting in a cage and scrapping it out.

Dana White from the UFC is getting involved and with both men known for not stepping down from a challenge this could actually happen

Pick your Fighter

Inverse Cramer (Not Jim Cramer)

Loud Quitting

“Tang ping” and “bai lan” reflect the intense competition faced by young Chinese today, said Jia Miao, an assistant professor from NYU Shanghai.

Quiet Quitting was blowing up last year, incase you didn’t know. Quiet quitting is when employees only do the bare minimum work requirements and do not bring home work after hours or do any more than they can fit into the day at their own pace.

Loud Quitting is however when an employee is not only disengaged, but also take actions that “directly harm” their companies along with actively undercutting goals and opposing leadership.

Turning your back on hustle culture is a phenomena sweeping the Globe. Youths in China following the concept of “tang ping” - meaning “lying flat”
Its now intermittent working and persistent lying flat.

With intense competition and minimum pay and rewards, youth are simply saying no, “I accept being ordinary”

Its very hard that your job buys you a house in this market, or you can spend 20 years climbing the corporate ladder and forgo living your 1 life.

Food for thought:

If your job pays you $70,000 a year meaning you take home $50,000 after tax and after living expenses are left with $25,000. Would you rather work or be your own boss and make $40,000 a year, work when you want and live a better quality life.

Remember money does not actually equate to happiness especially when the money is barely there even when you kill yourself at your job.

Alarm bells around commercial real estate

$20.7 trillion commercial real estate market is in big trouble. Treasury Secretary Janet Yellen publicly stated: “I do think that there will be issues with respect to commercial real estate”

Musk also chimed in tweeting “Commercial real estate is melting down fast. Home values next.”

This is due to demand for large commercial real estate has been rapidly declining as WFH (Work from Home) turns into the market standard.

This coupled with the wave of debt refinancing that will need to happen over the second half of 2023.

Megan Henney writes:
“About $1.5 trillion in commercial mortgage debt is due by the end of 2025, but steeper borrowing costs, coupled with tighter credit conditions and a decline in property values brought on by remote work, have increased the risk of default.

Fitch Ratings already estimated that 35% — or $5.8 billion — of pooled securities commercial mortgages coming due between April and December 2023 will not be able to be refinanced.”