Join 📚 Roger's Highlights
A batch of the best highlights from what roger's read, .
In technology hardware, everything changes constantly. Cyclical commodity producers are bound to hit the wall at some point, as are highly indebted firms. In certain places, kleptocracy, expropriation, and cronyism are just the way things get done. I want no part of it.
Big Money Thinks Small
Joel Tillinghast
A 90% decline takes the cap to $66B, 2.2x current run rate revenues & 37x a hypothetical 6% net margin. A mere 80% drop gets to a $132B cap, 4.4x revenues, and to give the bulls on Tesla not being a car company credit, still 37x a 12% hypothetical profit margin. Ridiculous. 54/
Let’s Get Ready to Tumbl...
@ChrisBloomstran on Twitter
In 2013 in Russia, customs officials noticed that a series of consumer goods manufactured in China, including electronic teakettles and clothing irons, arrived with modifications that Russian authorities were none too pleased about. The devices contained hidden miniature Wi-Fi cards capable of spreading malware to any open Internet network within two hundred meters and were able to “phone home,” relaying secret messages back to China.
Future Crimes
Marc Goodman
...catch up on these, and many more highlights
Readwise