1/ Releasing a redacted Lux quarterly letter to LPs.
Some strong views of
-a catalog of an excess of excesses
-what catalysts cause the current market frenzy to end
(preview: LP indigestion)
-what we are advising our Lux family companies
-much more…
2/-The importance of HEIGHTENED HUMILITY in times like these (where source of ‘success’ can be easily mistaken)
-Telepresence helps us connect with far-flung founders but true presence (in person) helps our team connect like never before
-Where a CONSENSUS of CONCERNS is CENTERED
3/ Time travel with us a year hence—
reflecting back on the year that was.
Which of the 2 paragraphs below do you expect to read in Q3 2022?
1/ Do you understand what is happening here before your eyes?
Too WEAK to be FELT—til too STRONG to be BROKEN
“China could ban all news media not funded directly by the Communist Party under new rules that will likely further limit freedom of speech.” telegraph.co.uk/world-news/202…
2/ The TRUTH…
…Is that the TRUTH will be suppressed—by decree or force.
All stats + information will be authorized from the state.
Everything else will be deemed “misinformation” and censorsed and punished