Just bought my pro rata in The Onion ‘s latest funding round.

I ran a discounted cash flow and it turns out that the denominator doesn’t matter when the numerator is zero. Who knew?

Jeff Lawson

Not all heroes wear capes.

If TikTok is shut down, nobody will care except:

A. The CCP
B. TikTok investors
C. A few folks who have hacked it economically.

Everyone else will just move to a new platform (probably Insta) and life will carry on for the better.

Shocking it took this long.

Tesla Full Self Driving (v12.3 specifically) is the single most impressive technology I have ever experienced personally.

Computer vision + neural nets in real time working so flawlessly that they make it look easy.

Tesla is the world’s best applied AI company.

I have heard all of this terrible advice too, and can confirm everything Emery says. Great post.

Best CEOs have an absolute mastery of the details of every aspect of their business, have a vision for what they’re building, and find true 10x talent to achieve it.

1. Is that Cliff Clavin?
2. Is this Marc Andreessen 🇺🇸 ‘s supervillain origin story?
3. It’s an “object” - 🤣🤣🤣

Weird but true in my experience… psychologically, most people have more financial freedom with $25k in monthly cash flow than $10 million in assets.

Most people will want to protect their asset base regardless of size. They will invest much of it in long duration investments

Apologies for stepping on the third rail of X politics…

Ii is really hard to understand why Israel killed seven aid workers with World Central Kitchen (three strikes in five minutes). This included US, UK, CA and AU citizens.

Seems indefensible. Am I missing something?

I’m thinking of writing a book with Scribe Media .

I’ve started a few projects in the past, but never taken it to the finish line.

What’s a book that…
a. You wish existed?
b. I would be well positioned to write.

An interesting thing I noticed from the explosive launch of Airchat…

More of business has moved to texting, making your phone’s Contacts a portable social graph that mixes personal & business.

So if an app can convince you to allow it to access your contacts (as Airchat

Welcome to my 10 second MBA:

Some accounts that are 'must follows' here if you want to get smarter and better at business:

It’s extremely dangerous to company culture to spend extravagantly when the company isn’t performing.

People are smart and pick up on these cues. Celebrate when the company actually wins (signs a big deal, pays a large dividend), and eat ramen until then.

Healthy hot cocoa is the single best kid-friendly treat I’ve come up with.

1 tablespoon organic cacao powder
1.5 tablespoons coconut sugar
1 tablespoon date syrup
1 tablespoon salted grass fed butter.
1 cup hot water.

Blend it.

Salt and sweeten to taste.

Everything is negotiable.

Enduring Ventures paid $1 Million to two founders expected $0 because they didn't understand this.

I lost control of a $70 Million business I founded in my 20's because I didn't understand this.

I learned this the hard way so you don't have to...

Just made a large capital commitment that broke many of our norms, but none of our rules.

Rules intact:
1. Great business at fair price.
2. Partner with world class people.
3. Protect downside.

Norms broken:
1. Not Majority Control
2. Non-Direct

Will share more soon.

Our Shareholder Summit this year is shaping up to be our best yet. Moses Kagan and Mark Brooks will be joining us in conversation. Location is a stunning private ranch in Napa.

We sold out fast, but I always reserve a few spots for fresh faces. I’ve hired some glamping tents to

I had coffee with the head of a large family office today, and he said something really profound that I’d never quite put together.

Paraphrasing: “Capital structure ripples through management and ultimately ripples through employee experience”

If you work in a business run for

Just got a teaser for a combined Pallet Manufacturer and Salt Distributor.

“It may seem unconventional… but the synergism and compatibility of the salt and pallet businesses support each other”

$3.4 mil in revenue.

Sooooo many ways to make money in the USA.

Thrilled to announce the launch of Enduring High Frequency Trading.

We found the whole buy and hold thing to be pedantic and frankly pretty boring.

From now on, we’ll be measuring our hold time in nanoseconds. YOLO.

⏲️⏲️⏲️