PMF
PIMCO Municipal Income Fund
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The IRGC Quds Force spent decades securing a corridor through Iraq, Syria, and Lebanon. This was not merely about security but about establishing a logistical artery for the transfer of advanced weaponry, including precision-guided missiles (PGMs), to non-state actors. This strategy intentionally hollows out the state institutions of host nations. By funding and arming parallel military structures (like Hezbollah in Lebanon or the PMF in Iraq), the IRGC ensures that no major political or military decision in these "sovereign" countries can be made without Tehran’s consent. In April 2024, Iran launched its first-ever direct attack from Iranian soil against Israel, involving over 300 drones and missiles. This marked a shift from "shadow wars" to open, state-level aggression.
6 French troops injured in drone attack in Iraq US A-10 warthog bombed Iraqi PMF base (technically part of Iraqi army) Feeling a bit like WW3 out here
So in terms of liquid or easily convertible assets they have 91M and this gives them almost 18 months of runway. I get your concern, but that's plenty of time for them to tune in their product market fit. I'm only in it for a few leaps so not heavily weighted, if they find that PMF they'll run like crazy but yeah, time will tell.
got it, you like to gamble on insanely volatile businesses with suspect revenue. you think investing is a get-rich-quick scheme and not a long-term way to buy small pieces of profitable businesses. you spend your time on reddit scheming ways to make 10%+ in a day. You don't own your primary residence, you don't make more than 200k in your day job, and you are fighting inequality by gambling, hoping against hope you hit a 1000x home run. good luck bud, I'll be here discussing actual businesses while you "look at websites" and see the PMF.
The difference is Iran controls Hamas (and Houthis, Hezbollah, PMF, PIJ and al Shaab) and couldn't give two shits if they all die. If Iran escalates this conflict, the Iranian regime dies.
>Again, you’re spinning yourself into a doom spiral. Idk what makes you think this, I'm not saying this is WW3 or the end of the world or something, just that Iran and its proxies have a *ton* of ways to cause oil prices to skyrocket. It's long been a pillar of their deterrence plan, and if the regime thinks they're in trouble there's little stopping them from doing so out of spite. >Iran has been disrupted and... nothing that bad happened. Iranian oil hasn't been disrupted at all, nor have they attempted to disrupt global oil... yet. My point is that this conflict and US involvement in it, raises the likelihood of that happening significantly. >Turns out lots of people have oil to sell and they scoop the market share seamlessly. You really shouldnt comment on things you clearly have zero understanding of. >We’re not even engaged with Iran and you’re already imagining 3 countries going offline. I'm not. Your response to my OP was talking about risk. My response therefore discussed the risks associated with the conflict, which includes possible disruptions to oil output from Saudi, Iran, and Iraq. My entire point is that the market does not appear to be factoring in the huge potential risks of a major conflict with Iran, so I pointed out some of those risks. I didn't say those things *will* happen, only that there's a growing risk they *might*. >For the blink of an eye. Then it rapidly returned to $60-70 Oil prices didn't return to the $70 range for over a year after the 2022 spike, and only entered the $60 range in late **2024**. Again, you clearly have no idea what you're talking about. >You can let yourself imagine a doomsday collapse of world economies without there being demand destruction. I never said anything about a "doomsday collapse of world economies" at all. I said there's a good chance that the price of oil skyrockets, which would be bad for the economy... >You imagine that Iran who is too overwhelmed to even handle Israel is somehow going to own us. Then you go further and throw Iraq and KSA in there. Where did I say anything about Iran "owning us"? Seriously, you're tilting at windmills here. What I said is that Iran and its proxies (which it doesnt have full control over mind you) have many ways of targeting Iraqi and Saudi oil output as well. We saw attacks by Iran/Houthis a few years ago on Saudi oil facilities for instance. The PMF in Iraq are a powerful force that could target Iraqi oil facilities as well. Again, the entire point of my posts isn't to suggest a nightmare scenario or something, just to point out the very real *risk* of high oil prices the conflict could bring about, and noting that I'm surprised that the market seems to be largely ignoring those risks.
> In particular there's a huge risk that oil prices might soar which could be caused by direct Iranian actions, strikes on Iranian facilities by Israel/US, or actions taken by Iranian proxies on their own accord (Houthis, PMF in Iraq). Not really. We don’t have any significant dependence on Iranian oil. You’re talking yourself into a doom spiral. If he bombs Iran, nothing will happen here in our bubble. Baseball and golf will still be played, corporations will keep shrinking their sizes, Netflix will keep raising prices. > The economic data is weak enough as is, sky high oil prices would be utterly disastrous. In an imagined doomsday weak economy scenario, demand for oil is destroyed.
My point is that there is inherently risk in getting involved, hell there's inherent risk from the conflict itself which can easily spiral out of control in any number of ways. In particular there's a huge risk that oil prices could soar which could be caused by direct Iranian actions, strikes on Iranian facilities by Israel/US, or actions taken by Iranian proxies on their own accord (Houthis, PMF in Iraq). The economic data is weak enough as is, sky high oil prices would be utterly disastrous.
So... Pinterest but make it OneNote? I don't hate it, but I'm not seeing any PMF.
not sure what state you are in, but municipal bond closed end funds are a potential fit for at least a part of what you need. In california, Pimco offers two options both yielding about 5% and trading at a discount. Distributions are tax free (federal and state) if you live in California. If you are in a non-state-tax state, then you can just get a national closed end muni fund, like PMF. Blackrock has BLE yielding a bit over 6%.
1. **It requires a middleman to convert....etc** Yes, this is true but Bitcoin's PMF clearly is not as a currency but as a hedge on fiscal policy of both elected and unelected officials. So maybe in one country those rails are banned, but not in another. A lot of Americans struggle with this concept. Think of the war in Ukraine and Russia. When Russia invaded, banks in Ukraine limited or stopped withdrawals of **your own money.** However, bitcoiners were able to take their value across borders to the countries they sought refuge and lost no purchasing power. So no, you'll never pay your electric bill in bitcoin or rather, you shouldn't. Bitcoin is about flexibility and being able to move from one system to another ie one banned country to one not. 2**. It absolutely can be taken from you** There are very few basic steps you need to take to ensure this doesn't happen. You get cold storage, you write down your seed phrase....that's it. So could someone torture you and get it? Yeah, probably. Could someone online hack your piece of paper in your home, no. The honus of the security of your assets is on you, you at least have that oppurtunity to store it safely. Again, a bank can close your account whenever it wants. It's wise to have both of these things set up. 3. **"At least with a bank they have names attached to accounts"** This is a really nice benefit of it, but the cost of that benefit is your lack of control. Don't mistake my advocacy of bitcoin for exit all banks and full port bitcoin. Like any responsible portfolio management, there needs to be "Control-of-your-assets" management. Is 100% of your assets stored in a bank that if it behoves them to shut you down they will do that? Yes? I would say you need to get off 0 and migrate a portion of that into something you cannot lose. For me, Bitcoin does this.
Not true at all. Big tech is burning more and more money on AI and they still haven’t produced a true PMF.
For what it's worth, I vehemently oppose many of the practices within the crypto industry. But you're wrong about there being no users. Stablecoins are currently the single biggest PMF for crypto and they're used daily by millions around the world. Heck, when I visit America and need to pay associates or friends, it's far far easier to transfer stablecoins than try to navigate the myriad of payment apps which simply don't work when dealing with foreign accounts. If you don't see a use-case then fair enough. This is a thread about speculative assets and my conviction in this asset is strengthened because of the overwhelming negative sentiment in a technology that has personally improved my quality of life by giving me access to cheap and instant payments and financial instruments. And it's outperformed NVDA since my entry date (june '23)
PMF forces lobbing 107mm rockets at US bases has been occurring regularly for almost 20 years now
You have to use the SOM, not the TAM Part of calculating TAM, SAM, SOM is PMF meaning only those that can afford it is in the market calculation. Ins co are nonlonger paying for this. So u have to rely on out of pocket customers. 60% of Americans are pay check to pay check. They are NOT paying for this OOP. So the TAM, SAM, SOM is much smaller bc this is expensive. Too many addl issues but its a bump not a 3x
Unless you are a hard-core researcher who have actually published papers that got accepted at Neurips, "someone who works at AI" has no credibility for me. All AI initiatives are right now trying to find Product-Market-Fit or new Architectures. During that phase there is ZERO tolerance for substandard tools. When you are targeting one unknown variable (PMF or Breakthrough R&D), you can't introduce other unknown variables in this phase (like using unproven hardware, half-baked libraries). Once you have proven your product and ready to scale, that's when you have to be cost conscious.
Razi Hashmi is a South Asia Policy Advisor in the U.S. Department of State's Office of International Religious Freedom. He previously served as congressional advisor to the Assistant Secretary of State for the Bureau of International Narcotics and Law Enforcement Affairs (INL) at the U.S. Department of State. He also served as a Washington-based foreign affairs officer on INL counternarcotics and rule of law programs in Afghanistan. Prior to that, he was a Presidential Management Fellow (PMF) at the Federal Emergency Management Agency (FEMA) in the U.S. Department of Homeland Security (DHS) where he worked on public affairs, congressional testimony in former DHS Secretary Jeh Johnson's office, and innovation and emergency management policies. In 2019, Razi was appointed to serve on the Virginia Complete Count Commission to bolster the Commonwealth's Census 2020 efforts. In 2017, he was appointed to serve as a member of the Governor's Virginia Asian Advisory Board (VAAB). He has also previously worked in local government, political campaigns, Capitol Hill, and non-profit management. Razi was named a 2020 Asian American and Pacific Islander (AAPI) Next Generation Leader by New America and Diversity in National Security. He is a Term Member of the Council on Foreign Relations. He is a 2019 Truman National Security Fellow and 2018 International Career Advancement Program (ICAP) fellow with the Aspen Institute and University of Denver. He was also a 2015 Sorensen Political Leadership Program (PLP) participant with the University of Virginia.
And they already have great PMF - basically every European company does not want to give OpenAI access to their proprietary data. FAANG (is it MAANA now?) has done a number on private data and is the blueprint for what chatgpt will do with people’s data. Thus a case for a European company following GDPR rules etc is really big for every subsidiary or company in the EU.
I’ve worked with them before and then is 100% true. The “programming a cell to make a product is like programming a computer” pitch they made to investors should have been a huge red flag to anyone with knowledge of what makes a bioprocess successful (i.e. productivity, yield, feedstock availability/cost, etc.). Almost all of the equity they have and will receive through their foundry is/will be worthless; most of the companies they’re working with are science projects, not businesses with PMF.
Ah yes. I agree with your point that bringing AWS to market was easier due already proving it’s PMF internally. Either way, the point I gathered fell the post is that regardless how ambitious something is, there will always be haters at the start. I am sure AWS haters had the same info you did about Amazon already using the tech internally but they still poo poo’d on it.
To be honest, it is a hard sell for me. You might attract people who are unable to raise capital through VCs or traditional routes, which maybe isn't a bad thing so long as they have a good idea and competent founders. Or, you'll attract people who have already raised, coudn't find product-market fit before they bled out their funding, and are doing whatever they can to scrape by other than give up their failed idea. That's much worse. More often than not, you'll be looking at people with a big idea and nothing else to show for it. But generally, if your contenders did have competent founders and a solid idea or a decent MVP, they'd already be able to raise capital at much more generous conditions than your platform will be able to provide. What is your background and your co-founders backgrounds? If you don't have experience in either venture capital or building a company that has actually hit PMF, why should I trust that you? What insights/experiences do you have that make your vetting process safe/trustworthy? Another point - if you are taking equity in these companies instead of charging them, how are going to be able to turn a profit? Most start-ups will take years to even start breaking even, and 99% of these companies will fail before being able to hit that point. This is also going to be very very challenging from a legal standpoint i.e what happens when a user wants to cash out their investment? What if the company spent all of their capital on new hires or advertisement, or crypto and I want to pull out, but they have no liquidity. That sort of thing is going to happen a lot. I don't see a way you could structure this without it being like kickstarter i.e a gamble with little recourse. People are also going to be reluctant to buy shares in a company that has zero traction, no product etc. at a valuation the founders think makes sense. Realistically, a company is going to determine their valuation as function of their TAM, and come up with a number that is in the millions, in which case people will be buying very very little of the company in question. That makes you receiving equity as payment trickier. If I'm using your platform, I'm going to want to give you fractions of a percentage because I'm the "next big thing". I'd rather just build an MVP, try to get traction on that (put it on product hunt etc.), and then seek out VC funding if people like what I built.
Yeah, doubt this was the PMF or other OMGs.
Those people are sus. However, I bought shopify in 2016 and it was valued at 3-4B with an annual rev of 300MM+, almost perfect product-markey-fit, in an industry (e-commerce) that was primed for immense growth. I see companies like Skillz, with rev of sub 300MM, valued at 8-10B - huge premium. I think gaming is primed for a massive push, but not 100% of Skillz's PMF. And that's just one example. There are even companies entering the markets w/o products with immense valuations - that's what VC is for lol. The market moves in cycles..right now its hot af.
https://i.imgur.com/HFX6PMF.jpg
I'm in for the PMF! (Poor Me Fund)
Same news articles have been released since 2019. PMF ISIS always rocketing American/ coalition assets. Wouldn't get too hyped up yet. I agree that it's a possibility, we are all tired of this garbage.