JacobAldridge

The story I heard at the time was heavily positive, talking up the handshakes and relationship angle - suggesting the supplier had a bad harvest (drought) so the manufacturer had decided not to produce sauce rather than produce an inferior product.

Either rumours or more lies - and a good way to help the market forget the earlier flavour and be grateful for a sloppier solution to 'return'?

I don’t think I’ve ever finished Doom, and I mostly played it on other people’s PCs when I was in high school. Perhaps I’ll add that to my future retirement goals.

https://news.ycombinator.com/item?id=96246

Plus ça change.

I minimise how many email subscriptions I have, so don’t keep pace with many writers. But I have an annual tradition going back maybe 8-10 years of over my Christmas break reading all of your content for the year.

It’s been fun watching the journey from Uberman sleep hacking to multiple properties with friends (an aspiration of mine), to more recently tea + relationship + Vegas.

Keep being you, and thanks for sharing.

I attended after enjoying another classic Amsterdam experience, munching through a potent hash brownie. Despite giving myself the recommended enjoyment and recovery time, the effects really kicked in just as we entered the Van Gogh Museum.

It was brilliant!

My beautiful wife abandoned me, because my absorption in some of the works made her fear we’d be kicked out.

And pertinent to this thread, I maintain from that experience that Wheatfield with Crows (https://www.vangoghmuseum.nl/en/collection/s0149V1962) is also an Impressionist self-portrait of sorts. Harder in digital form to spot the cloudy eyes, crow-black eyebrows, and wheaty-beard - but if you get to Amsterdam, or Paris where it’s about to go on tour, get yourself as close as possible and see if you see what I see!

Of course, the “ZIRP” zero interest rate environment that predominated the 10 years since this article was written has been a historical anomaly. Though perhaps part of a longer trend, investors must be cautious not to view the benefits of recent leverage as evidence of easy future gains.

But if there was one thing that differentiates our financial position from our less-financially-free friends, it would be our comfort with debt as part of a well-developed investment strategy.

I’m also slowly making baby steps towards replacing myself with an AI coach I’ve helped build. If I don’t, someone else will, and I think I’m well-placed to give it a crack!

At the time, the leading theory for what killed the dinosaurs was still quite terrestrial - volcanos and climate change.

There was increasing evidence for the meteorite impact theory, but a big block was “Space is big, outside the early formation of the Solar System comets and asteroids don’t just slam into planets”.

Then comet Shoemaker-Levy showed us that they actually do, perhaps still quite frequently, with Jupiter playing an imperfect shield for Earth. It was one of the last roadblocks to the now-widely accepted impact theory (still not ‘solved’ of course, and perhaps only part of the extinction puzzle).

Dinosaurs were back in the zeitgeist thanks to Jurassic Park (1993), but Shoemaker-Levy and the impact theory gave us the 1998 twin movies Armageddon and (the better of the two, imho) Deep Impact.

Imagine you could buy a house for $200,000, live in it for a year, and then sell it for $1M. Would you take that deal, even if you didn’t like the seller?

Why in 2021 did they give him that payout? Likely because they thought it offered the best ROI moving forward (and for some shareholders, especially anyone who sold at the post-listing peak, it did).

It definitely wasn't recognition for past success.

Correctly or, more likely, not - it seems the payoff was made in early 2021 at a time when valuations were soaring and there was a renewed push for an IPO. Neumann could have blocked that.

If I'm parsing a quick read of the data correctly, they backdoored an IPO in October 2021 at an $8bn valuation - and shares jumped 13% (so + $1Bn). A snapshot at that time could be used to argue they paid Neumann $x00 million to realise a multi-Billion dollar valuation and $1Bn+ growth in market cap.

Could they have forecast the rapid decline thereafter? Maybe some of those investors didn't care, as long as they got some return? If Neumann had dragged the battle out for another year, into 2022 when the markets went South, it probably would have cost WeWork a lot more on paper than whatever they paid him.

So then what if a company is seeking to expand internationally, and looking at options for various reasons (including costs, which includes the tax burden). Isn’t it a conflict of interest to have a US government employee weighing in on how to improve a company at the loss of IRS revenue?

And that’s an extreme example. Any company accountant or CFO is going to be involved in regular decisions where “paying less tax” is an important outcome to consider.

I don’t think I thought c came from “constant”, because that’s a very English-centric view of science, but the annoying thing about reading a smart article like this is that it’s impossible to explore the depths of how your mind worked before acquiring the knowledge!

He’s brought far more value to the community than that, of course.