Looking forward to it. Before I had kids I was an adjunct at a university and at community colleges.
Complete SCAM. Read John Taylor Gatto & homeschool. The biggest tragedy with the COVId circus is despite all the carnage wrought on young people the higher ed bubble still hasn’t burst. With the way things are going I hope my kids are midwives and plumbers and welders
Okay TB, you are back on the bulletin board. What do you say we start a new site...www.cynicalpeople.com? I believe it has major upside potential. We can dual, triple, quadruple role play within the "organization," thereby taking credit for carbon footprint reduction. Yuri can do a whole post on us in about a year.
Now you have gone and done it! I went there looking for some empathy, but after reading through the description, I just feel bad. They are going DOWN...🤨
Before I got permabanned from Twitter (for telling a male he will never ever be a woman) @johnpavlovitz was my favorite shitlib account to hate follow. He’s such a slimy sociopath.
That's IT!!! I have taken your avatar down from my bulletin board. Consider yourself UN-Friended. Anyone who cannot agree to and follow Twitter's civilizing influence is a threat to society.
"but that’s a tough sell to individuals and corporations during a downturn"
I once started a business where I built software designed to address an allegedly vexing problem in corporations, and it was education-related. It also was during a strong economic period. The minute the idea of paying for something to minimize the costs this supposed problem I was trying to solve had, the minute people didn't want to hear about it.
I also had approached individuals on this, and naturally it was fine until they have to pay for it. There was a competing startup I remember reading about at the time that had for years earned no revenue and had no business plan but raised tons of money. (It's still around today, albeit with a subscription model now!) But when I presented it to my local startup/dev community, the same people who complained about lack of competition and the fact that locally most startups are at most two degrees of separation from the same four people dismissed it because they said we already have (only) one business that does that. Selling education in general is a valuable idea, but I only see it "successful" in limited cases, and the path of many education providers is to converge to the very antithesis of whatever their mission was.
On the "yoga babble" stuff, funny thing is when inexperienced, entry-level web devs said nearly 15 years ago that all of this was nonsense and any woke/ESG/whatever stuff they push REALLY is just a mask for colossal business failures to secure those top valuations, they weren't blown off as being too immature to understand the way the business world works.
Last week, I saw a handful of people who 6 years ago scoffed at the notion that companies should be profitable now act like the smartest person in the room saying Uber and other companies are failing or losing tremendous value, because they were built on gimmicks and unsustainable business models that yielded market share but not stability. They were totally in on whatever this gimmicks that brought high valuations and little-to-no product, but now they act like they knew all along that that model isn't effective!
I used to like him, to be honest. He was one of the few to call out the WeWork scam before their tentative IPO, and I found some of his business analysis to be interesting. Then, I started noticing his SJW tendencies, and his business-god complex that he keeps self-supporting with the fact that he managed to sell a company he founded when he was younger; mistaking this piece of luck for skill (besides, the sell was probably not for as much as he likes to hint about). After that, his stance on covid made me unfollow him entirely.
Being a blue collar worker my ENTIRE life has never been so AWESOME-lol! I wouldn’t have traded any of it for this nonsense. I wouldn’t have lasted a minute with some of these type of people. Now, some of these people are the ones I make fun of (with two masks on), no offense-lol! I’m very close to Silly-con Valley…you can have it! They’re aliens.
One of my investment resources quoted a statistic that 70% of the NASDAQ companies are reliant on debt financing. This means that they don't have sufficient cash flows to operate without debt infusions - during the best of times.
Another thing that struck me are the companies' ad photos. How many times have you heard the head of HR oh wait no that's the CEO, oh wait what? is he/she/zhir the CEO or head of HR can't tell maybe we have two Chief People Officers at any rate ... How many times have they said something like, "I want to make our company look like NY/our-"community/...?" Do their ads and their websites look anything like their employees or their customer base?
I haven't had time to check on the accuracy of the NASDAQ cash flow stat. Is it accurate Yuri?
Uber played this game well. They used VC money to subsidize low prices that helped them grow while bleeding cash. Now that they are public, they have to raise prices to stop the bleeding. Unlike Amazon or Microsoft, companies now go public at inflated share prices that have no upside. Most people who invest at IPO are bagholders after the pump and dump private markets take profit.
Yeah. The unicorn is going to turn out to be a mirage hiding an angry, hungry billy goat. I am curious how many Private Equity bagholders there are in the next round of pump and dump. They surely have a surplus inventory of dookey bags to dump if the IPO market goes bust before or mid pump.
As for the NASDAQ question, I think it could be a good short strategy. The issue is can you use the NASDAQ-100 Index put or do you have to put together your own basket? Would love to hear your thoughts on that. It holds potential as a broad based short strategy and/or a good portfolio hedge. Hit us with some knowledge bombs Yuri!
I'd be curious to know this, too, as I want to say I only realized within the last 3 years how debt-dependent they are. (To say nothing of debt incurred in buying/selling companies.)
Tovarisch, you missed the mark on this one, "Strategic Petroleium Reserve to the CCP to fund Hunter’s crack habit." The Big Guy is going to keep this a growth industry through massive, continued money laundering through Ukraine and China.
https://empatheticpeople.com/
This sounds like every college campus, except much lower cost. Next Monday's post will be all about the college scam.
Looking forward to it. Before I had kids I was an adjunct at a university and at community colleges.
Complete SCAM. Read John Taylor Gatto & homeschool. The biggest tragedy with the COVId circus is despite all the carnage wrought on young people the higher ed bubble still hasn’t burst. With the way things are going I hope my kids are midwives and plumbers and welders
Okay TB, you are back on the bulletin board. What do you say we start a new site...www.cynicalpeople.com? I believe it has major upside potential. We can dual, triple, quadruple role play within the "organization," thereby taking credit for carbon footprint reduction. Yuri can do a whole post on us in about a year.
Wow... what a load of shit.
It's got all of the hallmark signs of a cult.
Now you have gone and done it! I went there looking for some empathy, but after reading through the description, I just feel bad. They are going DOWN...🤨
Before I got permabanned from Twitter (for telling a male he will never ever be a woman) @johnpavlovitz was my favorite shitlib account to hate follow. He’s such a slimy sociopath.
That's IT!!! I have taken your avatar down from my bulletin board. Consider yourself UN-Friended. Anyone who cannot agree to and follow Twitter's civilizing influence is a threat to society.
"but that’s a tough sell to individuals and corporations during a downturn"
I once started a business where I built software designed to address an allegedly vexing problem in corporations, and it was education-related. It also was during a strong economic period. The minute the idea of paying for something to minimize the costs this supposed problem I was trying to solve had, the minute people didn't want to hear about it.
I also had approached individuals on this, and naturally it was fine until they have to pay for it. There was a competing startup I remember reading about at the time that had for years earned no revenue and had no business plan but raised tons of money. (It's still around today, albeit with a subscription model now!) But when I presented it to my local startup/dev community, the same people who complained about lack of competition and the fact that locally most startups are at most two degrees of separation from the same four people dismissed it because they said we already have (only) one business that does that. Selling education in general is a valuable idea, but I only see it "successful" in limited cases, and the path of many education providers is to converge to the very antithesis of whatever their mission was.
On the "yoga babble" stuff, funny thing is when inexperienced, entry-level web devs said nearly 15 years ago that all of this was nonsense and any woke/ESG/whatever stuff they push REALLY is just a mask for colossal business failures to secure those top valuations, they weren't blown off as being too immature to understand the way the business world works.
Last week, I saw a handful of people who 6 years ago scoffed at the notion that companies should be profitable now act like the smartest person in the room saying Uber and other companies are failing or losing tremendous value, because they were built on gimmicks and unsustainable business models that yielded market share but not stability. They were totally in on whatever this gimmicks that brought high valuations and little-to-no product, but now they act like they knew all along that that model isn't effective!
Yuri, I'm glad to have your blogs to read as the western world implodes.
At least we have humor, right?
Teach your kids how to gather food from the woods and to not expect everything to be available at our every whim.
That's how people made it through the other depressions. It's how smart and tough people will make it through this one.
This description of our dear Professor Scott is soooo on point
He blocked me on Twitter, another thin skinned elite who loves dishing it out but can't take the heat.
I used to like him, to be honest. He was one of the few to call out the WeWork scam before their tentative IPO, and I found some of his business analysis to be interesting. Then, I started noticing his SJW tendencies, and his business-god complex that he keeps self-supporting with the fact that he managed to sell a company he founded when he was younger; mistaking this piece of luck for skill (besides, the sell was probably not for as much as he likes to hint about). After that, his stance on covid made me unfollow him entirely.
Spot on. COVID wrecked many decent business brains including Taleb.
I had no idea we lost Taleb too, I am gonna check it out
Being a blue collar worker my ENTIRE life has never been so AWESOME-lol! I wouldn’t have traded any of it for this nonsense. I wouldn’t have lasted a minute with some of these type of people. Now, some of these people are the ones I make fun of (with two masks on), no offense-lol! I’m very close to Silly-con Valley…you can have it! They’re aliens.
One of my investment resources quoted a statistic that 70% of the NASDAQ companies are reliant on debt financing. This means that they don't have sufficient cash flows to operate without debt infusions - during the best of times.
Another thing that struck me are the companies' ad photos. How many times have you heard the head of HR oh wait no that's the CEO, oh wait what? is he/she/zhir the CEO or head of HR can't tell maybe we have two Chief People Officers at any rate ... How many times have they said something like, "I want to make our company look like NY/our-"community/...?" Do their ads and their websites look anything like their employees or their customer base?
I haven't had time to check on the accuracy of the NASDAQ cash flow stat. Is it accurate Yuri?
Uber played this game well. They used VC money to subsidize low prices that helped them grow while bleeding cash. Now that they are public, they have to raise prices to stop the bleeding. Unlike Amazon or Microsoft, companies now go public at inflated share prices that have no upside. Most people who invest at IPO are bagholders after the pump and dump private markets take profit.
Yeah. The unicorn is going to turn out to be a mirage hiding an angry, hungry billy goat. I am curious how many Private Equity bagholders there are in the next round of pump and dump. They surely have a surplus inventory of dookey bags to dump if the IPO market goes bust before or mid pump.
As for the NASDAQ question, I think it could be a good short strategy. The issue is can you use the NASDAQ-100 Index put or do you have to put together your own basket? Would love to hear your thoughts on that. It holds potential as a broad based short strategy and/or a good portfolio hedge. Hit us with some knowledge bombs Yuri!
Simple strategy - short everything ESG and DEI.
So every company then. Okay!
I'd be curious to know this, too, as I want to say I only realized within the last 3 years how debt-dependent they are. (To say nothing of debt incurred in buying/selling companies.)
Tovarisch, you missed the mark on this one, "Strategic Petroleium Reserve to the CCP to fund Hunter’s crack habit." The Big Guy is going to keep this a growth industry through massive, continued money laundering through Ukraine and China.
What else is a scam.......government!