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Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
I wish I had recorded Michael Mauboussin's talk and our conversation tonight, but one particularly memorable moment was when he talked about the influence of Joy Covey who was Amazon's first CFO. Both he and Gurley know how important her ideas were and still are to Amazon.
One of my favorite lines from Mauboussin's talk was when he was explaining that the quality of two businesses can be very different even though they have the same EBITDA, depending on how much of that is DA and rather than EBIT.
Al Rappaport "emphasized the importance of long-term cash flows, showed how competitive strategy analysis should be used, and made a persuasive case that expectations are the key to stock prices." Thinking about finance without competitive strategy is a very bad idea.
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Tren Griffin
@trengriffin
"Jardiniere’s closure is emblematic of the plight of high-end, a la carte restaurants in San Francisco — operating costs are too grand and profit margins too slim." google.com/amp/s/www.sfch…
"What are the unit economics of a full service restaurant? 25iq.com/2016/11/18/why…

San Francisco:

Cost of food – 24%

Cost of alcohol sold – 5%

Wages and salaries – 32%

Employee benefit – 7%

Lease – 10%

Other – 15%

Pretax profit – 2.5%
"Razor-thin does not even begin to describe just how slender margins are in the restaurant business, and that’s if you’re one of the fortunate few that don’t go under in the 1st year. If you’re lucky, small single digits. Like, the smallest single digits." 25iq.com/2018/04/14/bus…
Read 3 tweets
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Tren Griffin
@trengriffin
When analog 1G wireless was first being replaced by digital 2G wireless mobile operators increased their network capacity. When operators tried to charge more customers said: "How does this 2G benefit me?" Until new services were developed it didn't, and the price didn't rise.
Content creators are streaming their own content since having the telemetry about customers is key to their survival. I wrote about that here: google.com/amp/s/25iq.com… Customers will get frustrated by multiple streaming services but the providers can't give up telemetry data.
"The way that Luminary was linking to popular podcasts made it impossible for podcast creators to quantify how many people were getting their podcasts through Luminary." google.com/amp/s/amp.busi… The business that creates X must have the telemetry to know whether customers value X.
Read 4 tweets
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Tren Griffin
@trengriffin
This is a paper document about Microsoft that I keep in a device called a filing cabinet:
The back of that Microsoft document looked like this below. 1982 year end sales: $34 million. Employees: 200.
I'm getting questions about my file cabinet, so here's a picture:

"Print is very portable. It’s inexpensive. It’s very familiar. It never surprises you about how it works. It has things like table of contents and indexes. It’s very advanced.” Bill Gates Seattle Times, June 1991
Read 3 tweets

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Eugene
@e_earns
Going to read “The Right Side of History”. This will be some mixture of enlightening, been there done that, and hate-read dunkathon. Let’s see.

No idea what Shapiro’s background is outside trolling libs, but I maybe he’s sort of Straussian? The ‘Jerusalem plus Athens’ thing.
So the thesis is ‘things have never been better, but we’re fucking it up now.’ Pinker + angst.
‘We’ in the book is Americans, natch.
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Andrea Eidinger, Ph.D.
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I know that lots of folks are getting academic rejections this week. As a hardened reject-ee, I just wanted to pass on some advice, for what it’s worth.
Point the first: the success or failure of other people has no relationship whatsover to your value and worth as a person and as a scholar.
2) 90% of academic hiring and success is based on factors that are completely unknowable and unpredictable. It could be the weather, what someone had for lunch, the type of font you used in your cover letter. In other words, it has nothing to do with your abilities.
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Zero HP Lovecraft
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I have read Mr. Daedalus' book, Selfie, Suicide, Or Cairey Turnbull's Blue Skidoo. For a first novel, I think it is very good, a gripping read. The early pages will probably upset some readers, but my advice is to endure...
The work starts with bombastic language, which I think is intended to announce the book's influences & aspirations. There is one particularly memorable & unforgiveable sentence:

“The opportunity to inspect her posterior anatomy with a libidinal flick of his hazel eyes”
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Rev. Bison Sexhorn
@Brainmage
Right. I have spent the weekend with my parents. It’s time to talk about the #scarab.
I wrote a blog post about this years ago but, frankly, who even reads things that aren’t tweets any more? Why do you think all the libraries are now avocado on toast kitchens, and Waterstones is Just A Bin?
Years ago – likely more than a decade – I received a present from my father for Christmas. So far, so standard.
(At this point, I feel like I should mention who my father actually is. He is fiercely funny (though my mother is the darker one by far), and is responsible for my-
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Marilia Coutinho, Ph.D.
@mariliacout
1 / DEPLORABLE WORLD
A story written with no plan or script through nano-chapters using the prompts from #vss365 #AmWriting #SunScribbles #SunWIP #SciFi #Satsplat #BadWordSat
“#Swim steady and firm”, 15 yr old David told the others. They had been prepared. Their go-bags had the clothes approved by Deplorables and they had a small list of safe-houses in the mainland. All the adults in the island died do make their escape possible. #vss365 #AmWriting
In the mainland, it was safer to marry the kids to each other. They would live with their assigned parents according to the fake identity genealogy. What used to be known as the #cycle of abuse had been normalized. They had to blend in and hide in plain sight. #vss365 #AmWriting
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Catherine Walsh
@gurriersread
Oh the geezers are hard at it grafting media, it's always great to have easy scapegoats "North Korean cyber gangs.." a.msn.com/01/en-ie/AAt9g…
2/"Mr Murphy’s firm was the first in the world to liaise with computer giant IBM over the use of the super-computer ‘Watson’ for real-time--
3/artificial intelligence-based defence against cyber criminals." Bear with me, I'm about to post a few more links in #THREAD #CyberSecurity
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