198: Bezos' Inner Bill Gates, Unintended Consequences, Crowdstrike, Bored Apes, Zillow, Grown Meat, Picking Poker Tables, Orbital Banana, and Mad Men Sociology
198: Bezos' Inner Bill Gates, Unintended Consequences, Crowdstrike, Bored Apes, Zillow, Grown Meat, Picking Poker Tables, Orbital Banana, and Mad Men Sociology
Ha. Yes. I started a position in CRWD, but I went back and searched your prior editions to read all of your postings and thoughts! The gift that keeps giving!
I liked Ryan Peterson's first thread about how the container snafu is clogging the supply chain. But the follow up (the one you mentioned) strikes me as a bunch of bumper stickers. Sound great when you read them but the application depends on details and context. Trimming fat off a supply chain with just in time and other methods is great sometimes and terrible sometimes. But the idea that the next 100-year incident will look like the previous one is not always true. And when it's not, the resilience you built up preparing for it will become, in hindsight, wasted effort and even a cause of the latest debacle.
I think there are ways to build resilience that are generally applicable to lots and lots of kind of problems, they don't have to be specific. So what seems like waste for a while ends up being just the cost of insurance (ie. keeping a higher inventory or lower leverage).
It doesn't mean that you can prepare against everything -- few restaurants could survive having zero revenue for extended periods of time -- which is why you need the government and others to act as last resort, but I think there's definitely too much focus on optimizing financials for short term over focusing on what's best for the business long-term.
As with everything, it's very nuanced and messy, not binary.
As someone in the oil industry its anything but boring!
However what that exciting info does to help with making investments in the industry is pretty limited.
For the big companies it seems to be driven much more by macro events and for the little companies it appears to be driven by how they do fund raising/pumps/new releases for upcoming drills.
That story about the stolen Bored Ape NFTs is ridiculous.
If I bought 3 original physical paintings (of apes) from an artist, then leave the paintings out in the open at the end of my driveway, and the paintings get snatched by someone else, what will then happen if I complain loudly on social media?
Lol, I'm struggling to get to 1k subscribers on my YT channel and the damn banana video has 1m views! ::: Rethinking my life ::: JK.
Re: supply chain slack, I immediately think of the studies that show how traffic jams come out of nowhere. If everyone drove a little slower traffic would counterintuitively move faster. But it only works collectively. No one wants to pay the price of driving slower; we're all in a rush. It's a tragedy of the commons-type problem.
CRWD acquisition- (NOM NOM NOM) 😆🤣
For a sec I didn't notice this was a comment on an older edition, and I thought they had just acquired something new.
Ha. Yes. I started a position in CRWD, but I went back and searched your prior editions to read all of your postings and thoughts! The gift that keeps giving!
Some of the top miners already use machine learning..
https://www.riotinto.com/en/about/innovation/artificial-intelligence
https://news.metal.com/newscontent/101592836/BHP-Billiton-teamed-up-with-AI-Technology-to-explore-battery-materials-such-as-copper-and-nickel/
Cool, thanks
🍌Banana🍌... [I watched the whole thing.... smh] 🍌
¯\_(ツ)_/¯
I liked Ryan Peterson's first thread about how the container snafu is clogging the supply chain. But the follow up (the one you mentioned) strikes me as a bunch of bumper stickers. Sound great when you read them but the application depends on details and context. Trimming fat off a supply chain with just in time and other methods is great sometimes and terrible sometimes. But the idea that the next 100-year incident will look like the previous one is not always true. And when it's not, the resilience you built up preparing for it will become, in hindsight, wasted effort and even a cause of the latest debacle.
I think there are ways to build resilience that are generally applicable to lots and lots of kind of problems, they don't have to be specific. So what seems like waste for a while ends up being just the cost of insurance (ie. keeping a higher inventory or lower leverage).
It doesn't mean that you can prepare against everything -- few restaurants could survive having zero revenue for extended periods of time -- which is why you need the government and others to act as last resort, but I think there's definitely too much focus on optimizing financials for short term over focusing on what's best for the business long-term.
As with everything, it's very nuanced and messy, not binary.
As someone in the oil industry its anything but boring!
However what that exciting info does to help with making investments in the industry is pretty limited.
For the big companies it seems to be driven much more by macro events and for the little companies it appears to be driven by how they do fund raising/pumps/new releases for upcoming drills.
That story about the stolen Bored Ape NFTs is ridiculous.
If I bought 3 original physical paintings (of apes) from an artist, then leave the paintings out in the open at the end of my driveway, and the paintings get snatched by someone else, what will then happen if I complain loudly on social media?
Lol, I'm struggling to get to 1k subscribers on my YT channel and the damn banana video has 1m views! ::: Rethinking my life ::: JK.
Re: supply chain slack, I immediately think of the studies that show how traffic jams come out of nowhere. If everyone drove a little slower traffic would counterintuitively move faster. But it only works collectively. No one wants to pay the price of driving slower; we're all in a rush. It's a tragedy of the commons-type problem.
Well, you wouldn't want to be a banana anyway ¯\_(ツ)_/¯
re: Traffic, there's a very good book on this that I read years ago:
https://www.amazon.com/Traffic-Drive-What-Says-About/dp/0307264785/