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Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
Space News is a cool name for a publication. Modern and retro at the same time. spacenews.com/oneweb-raises-… In space news today:

"The new financing brings OneWeb’s total funding to $3.4 billion"
There will be more of this globally which is not good for people selling satellite TV and rocket launches. broadbandtvnews.com/2019/03/14/isr…
Space X needs this to be true. news.google.com/articles/CAIiE… Analysts will push this thesis hoping to land the IPO business.
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Tren Griffin
@trengriffin
WSJ: wsj.com/articles/inver… This could be referring to many different things "they already know."
It isn't that Burger King offering a $5 monthly coffee subscription is loss leader which is in effect a marketing cost. google.com/amp/s/www.cnbc…
It isn't that after the first year, Apple’s cut on subscription renewals is lowered to 15 percent. forbes.com/sites/dbloom/2… What else don't investors know?
Read 3 tweets
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Tren Griffin
@trengriffin
Charlie Munger: "Everybody with any sense at all knows that some businesses are better than others. What makes it difficult is they sell at higher prices. If all you had to do was figure out which businesses are better than others, even an idiot could make a lot of money."
Charlie Munger: "A pari-mutuel system at the racetrack is a market. Everybody there bets and the odds change based on what’s bet. That’s what happens in the stock market.” "What we want are favorable odds.”
“Playing poker in the Army honed my business skills. What you have to learn is to fold early when the odds are against you, or if you have a big edge, back it heavily because you don’t get a big edge often. Opportunity comes, but it doesn’t come often, so seize it when it does.”
Read 4 tweets
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Tren Griffin
@trengriffin
WeWork: Total footprint of all leased real estate in the Seattle area has risen to 1.7M square feet, up from 900k square feet as of last summer. Claims to be the fourth largest office occupier in Seattle. By the end 2019 at least 19 Seattle locations geekwire.com/2019/wework-fo…
"In the trendy Capitol Hill neighborhood of Seattle, WeWork will open an office in October at 1525 11th Ave. The five-floor office will have 1,350 desks." That building is ~70,000 square feet, so that's ~ 52 square feet per desk.
"In WeWork's buildings, the average square footage per person hovers around 50 square feet. This compares to 250 sq ft for commercial offices." cbinsights.com/research/repor…
Read 3 tweets

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Roshi CBG-san
@OnlyNakedTruth
Today's thread

Measurement of time.
How current calendars can't match ancient Hindu timekeeping.

Why a day isn't always 24 hours long

Why a year doesn't have 365.25 days

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1/n
How long does a day last everyday? 24 hours? Wrong.

We define day as the time taken by Earth to complete one rotation around its axis.
But with respect to what is the measurement made? 2/n
Since Earth is also revolving around Sun while it is rotating, it needs to rotate a little extra when rotation is measured w.r.t. sun (solar day) than a distant star (sidereal day)
3/n
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