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A batch of the best highlights from what roger's read, .
Auto manufacturers trade for less than sales because they make ~3% net margins and earn that same ~3% on capital and revenues grow at ~3%. We can call the industry 3x3x3 (new material here folks). The car business is a bad business, and that’s what Tesla is trying to disrupt? 44/
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@ChrisBloomstran on Twitter
Yes, I know it’s uncomfortable. I’m not telling you to love it. I’m telling you to crave the result so intensely that the work is irrelevant. If it makes you feel better, I don’t make things comfortable for myself either. I could take these great athletes, maintain their level of fitness, keep them healthy, and everyone would be content. But the challenge for me is taking someone great and making him even better.
After years of hearing my father rant at my flaws, one loss has caused me to take up his rant. I’ve internalized my father—his impatience, his perfectionism, his rage—until his voice doesn’t just feel like my own, it is my own. I no longer need my father to torture me. From this day on, I can do it all by myself.
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