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Molson Hart Profile picture
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5 Nov, 6 tweets, 4 min read
My impressions of Los Angeles as someone who spent 3 days there.

1. Amazing trees
Look at these bad boys.
2. Boy did they fuck things up by putting highways everywhere
It feels like a total haves vs haves not society.

- You have the rich
- The not rich who are unhappy ranging from homeless to people working at restos
- recent immigrants who are happy

When this bentley pulled up I was all like who is this rich person? It was a priest!!! Wtf!
4. This tartine bakery place is excellent
I was surprised by how functional LA is. It has “we are liberal but fuck that we are rich and so we’re not going to have a dysfunctional city NYC like vibes.”

Lot of homelessness and pot!

Cool graffiti.

/end

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More from @Molson_Hart

Molson Hart Profile picture
4 Nov
What’s America’s fascination with tying everything to employment?

1. “People should have healthcare and retirement money” => becomes a payroll tax half paid by employers.

2. Lose your job, lose your health insurance.

1/2
3. People should all have enough money to live => minimum wage

4. People should be vaccinated => force employers to pay fines if they’re not.

In every case, there was no reason to involve an employer. Government could legislate and enforce directly. Instead they burden…

2/3
businesses in the US.

Why is that a problem? It is because it is complicated administratively, increases the cost of employment (vs other countries), and creates second order effects like employees can’t quit because they lose all benefits.

Totally illogical.

3/4
Read 5 tweets
Molson Hart Profile picture
31 Oct
This “cope” coming to an American media purveyor near you!

“Yes, they may no covid, much less crime, better infrastructure, a healthier economy, less unrest, a stronger military, live longer, free healthcare, essentially free education…

…but we have freedom ™!”
Lot of people misunderstanding this tweet. What I am trying to say:

China is getting better (either closing the gap or exceeding) than the USA in a growing list of important factors (healthcare, gov't competence, education, crime, etc.) that corporate US media will abandon

1/2
the "Made in China? LOL" (the same as "Made in Japan? LOL" from decades ago) viewpoint and transition to one where instead of belittling the country for being backward we will say "well they might be better than us but we have freedom!"

The reality is that...

2/3
Read 5 tweets
Molson Hart Profile picture
31 Oct
Short thread (from me) on container content theft and our society which seems to break down a little bit more every day.

1/3
Organized operation!

2/3
The evidence. H/t @TimothyDooner

3/3
Read 4 tweets
Molson Hart Profile picture
31 Oct
Before Amazon aggregators, the typical buyer of Amazon businesses were corporate executives who wanted to try their hand at entrepreneurship. I have some buddies who sold to them. I’d estimate that 90%+ of those loans went bad. One story that sticks out…

1/n
One guy spent like $5 million on a business. The former owner told him “hey you need to order stock for prime day. You have a lightning deal.” He did too late so he flew an entire container to Amazon $180k vs $5k. It arrived after prime day. Stuff like that.

2/n
I can’t speak for all of SmB but I can tell you why these execs usually failed.

1) the sellers were doing blackhat tactics to maintain sales rank
2) thé buyers weren’t
3) buyers saw the Chinese competition coming in and eating margins
4) execs have big egos but running a smb
Read 4 tweets
Molson Hart Profile picture
30 Oct
Why I think this is happening:

1. Look at the personal savings rate. Consumers have a lot of money
2. Look at labor force participation rate. It would be even lower if people didn't die from covid in large numbers.
3. Look at CPI
Read 5 tweets
Molson Hart Profile picture
30 Oct
When I first started my business, I ran everything extremely lean. That’s the best way to do things when you’re young and have no money. However as you get older, you start to want to trade money for stress reduction and you realize that insurance in the form of slack in the

1/n
system (maybe an employee that is not fully utilized, extra cash on your balance sheet, actual insurance, not taking too many projects on at once, etc) is long run more profitable than doing everything balls to the wall.

I want to have expensive redundancy in every part of

2/n
my business that is important, the opposite of what they teach in business school.

To that end, I duplicate our entire Google cloud drive onto my computer’s hard drive in case Google fails.

(Yes I am baiting you into answering a computer question…)

3/n
Read 4 tweets

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