A mask is off my profile picture, but not off me when in public (double mask). ~45,000 vaccines given per day in Washington State. 2 million vaccine doses have been administered statewide, which is 700,000 more than two weeks ago. My friend the checked shirt is smiling somewhere.
Let's goooooo! It's time to knock this virus down!
"The Seattle area once had more coronavirus deaths than anywhere else in the United States. A year later, the region’s deaths per capita are lower than any other large metropolitan area." nytimes.com/2021/03/11/us/…
"The vaccines are coming!"
You can feel it in the stories people are telling. Appointments are easier to get. Systems are working.
"In came artisan, and we both rode away
He whispered in my upturned ear, “it’s time to get an’ go”
'til this job’s done."
"Of the 3.9M J&J doses that began shipping out at the beginning of last week, about 630K had been administered as of Thursday. Biden administration say there is a data lag, just as their predecessors insisted in December." washingtonpost.com/health/2021/03…
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"The low interest rate environment, coupled with high equity valuations and high volatility in markets amounts to a 'triumvirate' that leads to very attractive convertible pricing”, he said."
Is this statement correct? Use example based math to support your answer.
"market volatility also provided hedge funds with an opportunity to profit. They buy the convertible bonds of companies whose stock has soared and hedge their position by shorting." google.com/amp/s/mobile.r…
1/ Helping Bill Gates write his first two books was great fun for me. The process was an opportunity to ask him questions (eg, his experiences with DEC). He's usually reluctant to talk about the past but the book writing process was an exception. Here's a picture of a DEC PDP-10:
2/ “Under Ken Olsen, Digital pioneered the minicomputer and later scalable hardware architecture (VAX). When PCs became popular, Ken followed his engineering inclinations and built a better one — only better, in this case meant incompatible with the Intel standard." Bill Gates
3/ “Olsen accomplished an amazing amount. He persevered through ups and downs, driving things forward and had a commitment. DEC faced the challenges of a changing industry, but when you look back on what he did, it was very impressive. I actually grew up on a DEC computer.” BG
1/ I helped my late friend Dan Kohn write this essay in 2001:
"Items are 'nonrival" when we can all make use of them without anyone having to give them up. If I copy your CD, you’re none the worse for it (nonrival), but if I steal your car, you will probably be upset (rival)."
2/ "Goods are "nonexcludable" when it becomes impractical to stop everyone from making use of the item, once one person can...
....the cost of providing the item to one consumer [can be for some goods] the same as providing it to any number of consumers."tidbits.com/2001/10/22/ste…
3/ Mauboussin: "intangible assets have characteristics that are different from physical capital or labor. ...intangible-based companies can defy the conventional economic concept of diminishing marginal returns and in fact realize increasing returns." morganstanley.com/im/publication…
#10 came in a hot thermally given that flamethrower effect, but the touchdown of the metal was ~ soft. Iterative product development at this scale is fascinating to watch. That it landed at all is impressive engineering.
What people focus on is the rocket (i.e., a tube filled with highly explosive materials) but by far the most important determinant of Starlink's success is the cost and performance of the ground terminals customers use. Vastly more cash will be spent on the ground than in space.
3/ More important than the #10 Starship soft landing would be the creation of high volume factory for the Starlink user terminals. A job posting suggests a ground terminal factory will be built in Austin. Solving a chicken and egg problem is a challenge. cnbc.com/2021/03/02/spa…
This podcast with John Malone is self-recommending. He describes Bill Gates arriving for a meeting with a pizza and a beer 6-pack telling him to "Forget hardware since there's nothing in hardware that can't be emulated in software." Malone: "Damn, I should have listened to him."
If you don't at least bookmark this John Malone interview you are a damn fool. If you pay attention you can hear someone with a circle of competence mindset. For example, generating value as an operator who understands cash flow and leverage isn't the same skill as stock picking.
John Malone: "Every business comes down to the quality of the management. It is not important that I know the business, but it is important that they know the business. I can help them with finance, but they need to have the vision, the drive and the team building skills."