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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
Today I convened individual calls with six friends. I asked each of them if what Mnuchin just did reminded them of when Al Haig said: "I'm in charge here," but updated for 2018 and from poolside at Cabo instead of the White House. See attached statement. giphy.com/gifs/movie-com…
"Temperament is more important than IQ. You need reasonable intelligence, but you absolutely have to have the right temperament. Otherwise, something will snap you." WB. "You need to keep raw irrational emotion under control." CM.

I'll be doing nothing when US markets open.
I'm probably not going to be part of the 'Plunge Protection Team.' My familiarity with hip-hop's contributions to investing doesn't make up for the fact that I have not previously worked at an investment bank. Me saying "do nothing" would not be popular. reuters.com/article/us-usa…
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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

Related threads

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1/ I'm stunned, but not surprised by AT&T's decision to extended their #Friends licensing deal with Netflix through 2019. A perfect example of, despite saying they were committed to winning in SVOD, Big Media wants to have their cake, eat it to - and then hope they get a 3rd cake
2/ #Friends is one of Netflix's most valuable titles. It's one of the most celebrated sitcoms, one of Netflix's most popular series, and has a whopping 236 episodes of tonnage - and a fervent fanbase
3/ AT&T could (and should) have simply moved #Friends to HBO, their leading SVOD asset. Imagine the impact on customer acquisition - all of a sudden the press coverage inundates all Friends fans to get HBO, if they haven't already!

Related: redef.com/original/a-six…
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Six words love story :
I thought you loved someone else
Please let me hold your hand
Read 166 tweets
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Um, what?

Also, I thought we were drawing down this mission and it would be over in three and a half weeks.
So late Tuesday, John Kelly, WH Chief of Staff, signed out a cabinet order allowing troops to perform law enforcement functions at the border AND to use lethal force.

This may run afoul of long standing Civil War era prohibitions on the use of the military domestically. 1/
For a more detailed discussion of the history of using US troops domestically, I recommend this #BombshellWotR episode: warontherocks.com/2018/11/bombsh…

But what strikes me really problematic is that *Kelly* signed out the order. 2/
Read 8 tweets
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Bent on growth, Zuck & Sandberg ignored warning signs about their platform being used by Russia and then sought to conceal them from public view.
nytimes.com/2018/11/14/tec…
This report is based on interviews w more than 50 current & former Fb execs & employees, lawmakers, govt officials, lobbyists & congressional staff members. Most spoke on the condition of anonymity because they had signed NDAs, were not authorized, or feared retaliation.
At critical moments over the last three years, Sandberg & Zuck were distracted by personal projects, and passed off security and policy decisions to subordinates, according to current and former executives.
Read 112 tweets
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Today is my wife and I six year anniversary.

In light of that-here are 6 Lessons from 6 Years of Marriage

A THREAD 👇🏽
1. Work together. Whether it is household chores or personal intricacies. When one is off the other should pick up the slack. Marriage is a team. Pieces should compliment each other.
2. Game. Game NEVER stops. I don’t give a fuck what anybody says. Keep her on her toes. As a surprise I told my wife we are going out of town today. Day is planned, dinner reservations made
Read 8 tweets
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#Today's story to #EndFamilySeparation Four months ago, Dad and 4-month-old entered at the Texas/Mexico border and requested #asylum. Dad and child were immediately separated and the baby put in ORR custody. #FamiliesBelongTogether
Dad was detained in a #Texas detention center where @RAICESTEXAS consulted. Dad accepted a deportation to be quickly reunited w/ his infant child. However, the Dad was deported & NOT his child. The now 8-month-old baby has been in ORR custody for 4 months. #EndFamilySeparation
The Mom and Dad now have once weekly Skype calls with their 8-month-old baby. That's right, folks. They Skype with an infant. #EndFamilySeparation #FamiliesBelongTogether
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