1/
Any situation with disorder + chaos = DISASTER
Right now Afghanistan is disaster

2 waves are rolling
-Regret + anger (“all for what?”) + low military morale foment
-Rebukes of failed approach + coulda/shoulda op-eds + books from think tanks cement US embarassment…
2/
Dometically (+ internationally) politically it is big distraction for Blinken + Biden who are now on and will be on justifying- then apologist- defensive

—when they need to be focused on China.

Biden critics + the videos + images will be amplifyingly unrelenting
3/ China + Russia…will help amplify VERY aggressively
(using US social media accounts)

Russia already smearing Ashraf Ghani saying he filled helicopters with cash + fled (like banana republic dicatator)…
4/ Hawks will say this is military level equivalent of ‘defund the police’. Underscores stabilizing presence of US in failed states with violent extremists.

Counter rritics will say ‘you break it you buy it’. This is failure of strategy + leadership (not intelligence)..
5/ Horrific for human rights + women and girls. And US as moral hegemon loses clout and requires ROW to denounce not the US but the Taliban

Humanitarian crises as refugees flee and other countries—esp Pakistan contend with absorbing shock + chaos…
6/ At this point few options:
-human rights coalition of democratic nations to support refugees and allies who helped US, esp women + children
-surveillence to track flood of extremists that will rush to Afghanistan
7/ And a strong speech is needed to make sure the -SACRIFICES made by veterans and Afghan allies are not SACRIFICED for naught, symbolism + meaning must be given
-balance the truth of strength of US presence as STABILIZING force + its removal as DESTABILIZING…
8/ And the no-win dilemna of half the US not wanting US nation-building even for moral good and half the US criticizing US for not doing enough

and majority criticizing strategy + leadership for not finding best solution in no-win situation
9/ this wave will be near-term (and permanent) stain + scar of Biden and Blinken and distract from more long-term threats of China (+ smaller but strategic threats on Africa continent), let alone Russia, Turkey, mideast…

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More from @wolfejosh

13 Sep
1/ I am a VC––and arguably have EVERY self-serving reason to not share this...

Yet a reputation for being intellectually honest, critical of hype and a lifelong student of human behavior + markets is better than EVER being a huckster promoter misleading followers…
2/ Excellent piece from longtime friend @andykessler—a tech savvy investor who also is a student of markets

(he made a fortune running money during the .com boom + as he once told me “got to keep the money”;)…
wsj.com/articles/low-i…
3/
Andy notes:

Joby is worth more than Lufthansa, EasyJet and JetBlue.

Tesla is worth more than the next 6 automakers combined.

BYND (made with pea protein) is worth more than the entire market for peas eaten globally.

Yahoo was once $125B + AOL $200B, both 99% less today
Read 5 tweets
13 Aug
1/ Have appreciation, emapthy and undersattnding for our VETERANS right now.

The ‘decision’ to “withdraw” from Afghanistan is causing heartwrenching pain suffering, frustration, anger—so many sacrificed SO MUCH (and many sacrificed ALL from limbs to life)…

i have a theory
2/ The US / Pentagon could never admit this overtly

failed state in Afghanistan under Taliban will foment violent extremists as it has
and yet now China = greater U.S. priority
History shows nation fighting two fronts often flails

Crazy 💭Our enemy’s enemy may be our “friend”
3/ CCP may recognize Taliban if Kabul fails

But will Taliban? They need
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What if US “decision” was not haphazard but calculated
“Enough—make this China’s problem on the Western front”
Read 5 tweets
10 Aug
1/ A few select excerpts from Lux Q2 letter to LPs…

“The best hedge against running out of cash—is raising it”
2/
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few appreciate and encourage ‘interest in conflicts’

-The Binary (dichotomous, stark contrasts)
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3/ “We don’t mistake for genius what is partly attributable to central banks buying …driving rates low…and raising asset prices”

“Means may move (upward) but a reversion to the mean (downward) may move away people’s means….
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23 Jul
1/ A great article from last year.

10 Yrs ago Lux asked
Q: “What Sucks?” with nuclear.
A: waste

Lux tried to find a high-tech venture to fund. Finding none we started one.
We funded it, hired team, set budget for tech R&D, did M&A
And got VERY lucky. cen.acs.org/environment/po…
2/ One tech we had in our portfolio @ our venture (Kurion) pulled radioactive Cesium + Strontium from salt water. Nobody has this as nuclear reactor water is ~100% pure.

When Fukushima disaster struck, hundreds of milllions of gallons SEA WATER were dumped to prevent meltodown…
3/ This little US company with a TOTAL of $3M of invested capital ($1.5M from Lux and we owned 35% between common + preferred) funded at $3M pre…

ended up with $40M of EBITDA and sold to Veolia for ~10x.

Lux made 43x on that $1.5M which returned an early fund + then some
Read 7 tweets
17 Jul
1/ About last night...Strictly Business.

Legendary EPMD (green eyed bandit @iAmErickSermon + Parrish Smith)

covering Tribe Called Quest (Scenario), 2Pac (Hail Mary), Ol Dirty (Shimmy Shimmy Ya), Biggie (Hypnotize)...
2/ @funkflex on the wheels of steel...
3/ Hundreds of hours influenced my ears between them from copping bootleg Maxell tapes of Hot97 sets to
EPMD + @iAmErickSermon + @funkflex
Read 4 tweets

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