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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Union Square Coffee Shop ranked in the top 100 grossing restaurants in the United States for 20 years, but can’t afford rent at $2 million a year. Wholesale transfer pricing. ny.eater.com/platform/amp/2…
"There is the advantage [quintessential Manhattan restaurants that remain have], an important one, in that they own the building.” Rent can be a stone cold killer via Wholesale Transfer Price. google.com/amp/s/25iq.com… google.com/amp/s/25iq.com…
Revenue can be very seductive, particularly if someone has never actually run a business. "What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.”
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"According to the survey results, the median pay for full-time writers was $20,300 in 2017, and that number decreased to $6,080 when part-time writers were considered. The latter figure reflects a 42 percent drop since 2009, when the median was $10,500."
In my blog post on writing books I wrote: "6. Don’t expect to earn more than the minimum wage and be thrilled if you earn more." google.com/amp/s/25iq.com…
"In Mémoires (1759), Voltaire recalled how in his youth he had come across so many writers who were “penniless and held in contempt” that “he had decided not to add to their number.” laphamsquarterly.org/luck/voltaires… "Thanks to his fortune he was free to pursue his writerly life."
Read 3 tweets
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"Companies can lose a lot of money in their early years but be wonderful businesses if they are acquiring customers with long lives and strong variable margins."

But some businesses just do the losing money part. A critical skill is knowing the difference between the two types.
Customer-based corporate valuation (CBCV) = valuing a business on a "bottoms up" basis by valuing the customers. In a subscription business especially, this is an essential process if you want to understand if real value is being created despite a lack of current GAAP earnings.
"CBCV isn’t about being profitable from day one. It’s about variable profitability in net present value terms (while still being mindful of fixed cost overhead of course!)" Determining whether a specific business is a delicious cheesecake or a turd requires detective work.
Read 6 tweets
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“The Fasten Seat Belt sign is now illuminated. If you haven’t already done so, please check your cash and cash equivalent balances. Please lower your burn rate and make sure your defensive investments are in their full upright position.”
“If you find yourself needing an emergency exit from illiquid investments, please read carefully the special instructions card. Cash is more king than ever. If you can’t handle the haircut you are about to experience, please ask someone to do the selling to raise cash for you.”
“We remind you this remains an uncertain and no sympathy correction. No one knows anything for sure as is usual. Crying and whining is prohibited, including in the lavatories. Tampering with, disabling or destroying your brokerage statements is pointless and prohibited by law.”
Read 5 tweets

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06/01/2019 - 78 years ago today, the longest-serving #UnitedStates #President, #Franklin D. #Roosevelt (#FDR) addressed the 77th #Congress with his "#Four #Freedoms" speech with the intent to shift #US #foreign #policy from that of #neutrality to #interventionist.
#FDR promoted the idea that the people of the world, in all nations, shared entitlement to four freedoms: that of the freedom of speech and expression, the freedom of worship, the freedom from want and the freedom from fear.
#FDR is arguably one of the most 'successful' #US Presidents. Some would argue that on the basis of his numerous social policies such as 'the New Deal'. Others, however, would argue that his role during the second world war was more prevalent to his success & everlasting legacy.
Read 39 tweets
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At dinner, I learned more about corruption + racism built into society by our masters. A book we discussed (Zinn) was used as part of this "Left" resource's bibliography. I had to share. [A thread]

@BlackSocialists - thoughts on this resource?

historyisaweapon.com/indextrue.html
It very simply lays out the case that we are all being controlled. It covers hidden history of the United States including their (and, due to the systems created by our masters, our) racism. 

#racism #systemicracism #history
If you haven't been in school for a while (or are in a terrible school), some of the words might trip you up. Dictionary.com and Wikipedia.org are two good resources to help you.
Read 39 tweets
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FBI raid earlier today, looks like in update New York
Here's an article. FBI and Homeland Security arrested a man whom reporters believe works for GE in Schenectady, #NY.

wnyt.com/news/heavy-fbi…
GE has since also issued General Electric issues a statement General Electric issues a statement defending its "IP" or intellectual property. Hmmmmm....someone stealing secrets again?

dailygazette.com/article/2018/0…
Read 3 tweets
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I, too, yearn for the days where a person could die a few days after sustaining a minor cut in the skin
The galling thing is that Oz 100% knows better than this horseshit. Because his Daytime Brand is vastly more lucrative than his tattered academic career, he's willing to say stuff he knows bears absolutely no medical historical scrutiny.
But sure, Mehmet. Donate your celebrity to a man who has repeatedly asserted a link between vaccines and autism, and who suborned a member of our profession to commit fraud. Strong work, you're a credit to Hippocrates.
Read 6 tweets
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#Hurricane #Irma thread. Irma is category 5 - highest # on Saffir–Simpson hurricane wind scale.
A few ways to visualize the Saffir-Simpson hurricane wind scale #Hurricane #Irma
#Hurricane #Irma expected to first hit landfall in Anguilla / Leeward Islands. cnn.com/2017/09/05/us/…
Read 28 tweets

Trending hashtags

#Infantry #Trumpism #Department #EO #United #Companies #Fighting #SIGINTFuqqed #ThePatriotTimes #NIOSH #Inouye #Orban #AndrewWyeth #CommonCore #MassTransit #StandWithMueller #empire #Wigmore #submit #FoodSafety #PAMFAM #Master #populist #reserve #DavidHockney

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