Definitive evidence for the bored markets hypothesis:
“It’s better than the stock market,” Mr. Garcia said. “I got a bunch of these plants when they were in the double digits, and now they are in the four-digit realm.”
“Flora with sought-after features, such as splashes of color and holes in their leaves, are often the result of genetic mutations...
The ghostly white streaks of the Variegated Monstera Albo can send prices up to $250 per leaf.”
Ah yes:
“Longtime plant lovers say the craze for rare plants is reminiscent of a housing bubble, or the tulip mania that gripped the Netherlands during the 1600s, when bulb prices hit stratospheric heights before crashing.”
“Botany bandits are interested, too. Mr. Garcia, began noticing valuable plants were disappearing from his rented greenhouse. He set up motion-activated cameras to figure out what was happening. Those gadgets began vanishing as well. Mr. Garcia almost did a stakeout in a hammock”
You, a stock market genius: looking for 10x in 10 years
Nick Watchorn and Lani Dy: buy some plants “Now we can get 10 times what we paid”
“Does your Chanel handbag grow another Chanel handbag in a month?” said Lily Liu
🚀🚀🚀
Kaboo Bill, a wedding photographer in Sacramento, said she got the idea for flipping plants after she started buying some for herself while sheltering in place
Part of the lure of flipping, she said, is the thrill of gambling on living things that can die before being sold off
A-Hed absolutely coming with the thunder 👏👏👏
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Something that was noticeable, on each of MSFT peer review slides for Apple, Amazon and Google, they highlighted progress on proprietary chips
And then the Azure and Windows slides both have develop custom silicon chips as long term drivers. We knew that this was the case, but just interesting to see them highlight other co's successes and set goals for it.
"base of our stack, our custom silicon efforts will help us remain competitive.. Our efforts will be a mix of internal and partnership... ultimately, we will need to become a first-class provider of chipset designs, especially the most critical chips given our scale in the cloud"
FTC request for comments on hyperscalers interesting. Can tell a lot by each participants responses.
ORCL/NET: whining about egress fees
GOOG: whining about MSFT/ORCL leveraging on prem biz to win cloud
MSFT: "very competitive market, even IBM"
AWS: history and tutorial on cloud
this is arguably more descriptive from AWS then anything they've said to investors about AI
Google complaining about MSFT and ORCL and then pitching Workspaces right in the doc. ABC guys, ABC.
New collection of Messi vs Ronaldo charts. It’s pretty amazing how statistically similar they are. Ronaldo slightly more goals, but because of penalties. Messi more run of play goals. Messi far more assists, mostly after Ronaldo worried about injuries and stopped moving as much.
Great chart contextualizing Messi and Ronaldo’s goal scoring
I would not have guessed Haaland is merely tracking Mbappe so far, given how prolific he seems. And Ronaldo was absolutely scorching early on. Shame he liked to eat.
Look forward to someone doing the math but re AMZN wireless, are they gonna subsidize phones? Looking at Prime subs spend vs Non-prime, churn, and offering $0-10 lines, phone subsidy dramatically impacts net economics. If no subsidy, effective cost to consumers is much higher.
Other calcs
- likely at risk to churn Prime HHs have lower spend than avg Prime HHs
- need to model ratio of at risk Prime HHs retained vs not at risk choosing wireless/reducing NPV
- as acq tool for non Prime HHs, almost certainly have lower spend/LTVs than existing Prime HHs
Assuming monthly cost to carrier is around what cable co's seem to be paying VZ (even tho that was sweetheart deal), depending on ratio of at risk retained to non at risk who take wireless, can see the math working. But phone subsidies would really impact that calc.
After a convo with smart friend, I wanted to test hypothesis that shift from Cable Nets to DTC meant more capital employed, smaller profit pool, and lower returns.
Very rough cut, but I took the media biz (Cable Nets/Studios, no Parks or O&Os except NBCU).
Results seem clear.
To start, I disaggregated 2016 media co's into Cable Nets and Studio to the extent possible. What you can see is that the Cable Nets earned extraordinary returns on tangible assets. These were amazing biz. Studios ex DIS were not nearly as good. On the right are the consolidated.
When you compare 2016 to 2026, you can see Tangible Assets employed by the media co's will have nearly doubled. But EBIAT is actually down by 30%. Yes, some of that is intangible amortization, but the point holds, a huge increase in assets employed yielded no incremental profits.