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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Right about now (10am PST) I face the question of how many words to write in my 25iq blog post for next weekend. I have written 2,958 words. I have ~ 1 hour of writing time left. More than 4K words is getting long. For example, Scott Belsky post 3,585. Howard Marks post 3,564.
300 25IQ blog posts x 3,500 words = over one million words.

Howard Marks has over 100 memos on his web site and has said: “The price is right, since it is free.” When asked by Barry Ritholtz why he writes, Marks responded:
It is 11AM (PST) and my allotted writing time is up. I finished my blog post on Annie Duke (3,545 words).

I made it to 300 25IQ posts. I will spend a week thinking about what to do next, while working, making applesauce and being part of my team's annual charity fund raiser.
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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."
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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.
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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.”
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“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.”
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Today's episode of
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writing a talk on pathologies in operability ... which of these would be most interesting to you? i'll (try to) convert it to a blog post when I'm done. other ideas welcome too.
well THAT was not enough room. more options:
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#Khashoggi Case Thread: I am going to ‘pin’ this post to use it as an ‘Info Thread’ on the #Khashoggi Case. I am in #Turkey. I’ve been following the case closely and with access to sources & experts here. This is a very ‘sensitive’ criminal case due to ‘Diplomatic Booby Traps’!!!
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So, if y'all listening, I'm going to try an experiment with my stalled writing process. I want feedback. I welcome feedback. I will exchange 🍺🍷🥃🍕 for feedback. I'm writing a blog post (y'know, long form tweeting) about annual performance reviews.
"Yay! It's time for my annual performance review!" -- No one. Ever.

(I'll also throw in references, like this one: npr.org/2016/09/28/495…)
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