Liberty

It's reflexivity at this point, the more money they raise, the less likely they are to face existential problems, so the more valuable the company is (not saying it's worth the current valuation, but it's worth more than before raising the money)...

I enjoyed this interview with Daniel Ek: https://tim.blog/2020/12/06/daniel-ek-transcript/

"Tesla to raise up to $5 billion in share offering, its second in three months"

Why do you think retail is worth that? Increasingly, a large fraction of retail is 3P stuff with much better margin profile than the 1P stuff.

Google's not happy about IAC shenanigans: https://www.wsj.com/articles/google-spars-with-barry-dillers-iac-on-misleading-marketing-practices-11607267157

Two new ones, in France and Iceland: TSS acquired the assets of Alcuin (France) "delivers Training Management Systems (TMS) and Human Capital Management (HCM) solutions for higher education, training centers, and HR departments of private companies in France." 200 customers 66 employees €6M revenues (2019) -- New country: TSS acquired dk Hugbúnaður ehf (Iceland) "a leading business solutions and accounting software provider for the SME market in Iceland" "strong track record of consistent growth since it was founded in 1998" 7,000 clients 64 employees h/t @pearnick

Good read on some of the design reasons why the M1 crushes AMD and Intel: https://erik-engheim.medium.com/why-is-apples-m1-chip-so-fast-3262b158cba2

I agree. TSLA should double its share count. Even if the price drops by half they would bring in a ridiculous amount of cash. I've agreed with the idea, but then, I've agreed with the idea since the company had 1/10th the current market cap, so I guess that's why Musk is the second richest man in the world...

Industrial monitoring: https://www.ft.com/content/58bdc9cd-18cc-44f6-bc9b-8ca4ac598fc8

Buying Slack: https://www.cnbc.com/2020/12/01/salesforce-buys-slack-for-27point7-billion-in-cloud-companys-largest-deal.html

They've exchanged a bunch of cash for cash-flowing assets. The question isn't at that level, IMO. It's how much value is being created with your capital, how much will be created going forward, and are the assets in aggregate durable and growing, or slowly running off (return of capital, rather than return on capital). Have they shown the capacity of creating enough value in the space to be worth investing in vs all the other companies available to you on the public markets (which is the question you should ask before any investment that falls in your circle of competence).

Finished the last episode of the Queen's Gambit last night. Really enjoyed it, I recommend it.

This is a problem with the specific phone you had, something was wrong with it, get it exchanged. iPhone 12 is ridiculously faster than the 7. I have a 12 Pro and it feels MUCH faster than the X I upgraded from.

https://www.cnbc.com/2020/11/30/gm-nikola-announce-reworked-smaller-deal-focused-on-fuel-cell-supply-deal.html

Official: http://investor.spglobal.com/file/Index?KeyFile=406163414 http://investor.spglobal.com/Cache/IRCache/2866a537-7455-54b8-b26c-a659c8646c31.PDF?O=PDF&T=&Y=&D=&FID=2866a537-7455-54b8-b26c-a659c8646c31&iid=4023623 44bn, all-stock

https://www.wsj.com/articles/s-p-global-in-advanced-talks-to-buy-ihs-markit-for-about-44-billion-11606697244 "S&P Global in Advanced Talks to Buy IHS Markit for About $44 Billion"

https://www.nytimes.com/2020/11/27/technology/pushed-by-pandemic-amazon-goes-on-a-hiring-spree-without-equal.html

Seconded on the pulse oximeter. very cheap. I got one in March and thankfully haven't had to use it much, but you never know...

Some discussion from two good reviewers after spending 2 weeks on the new hardware:

This is a great read: https://www.singhkays.com/blog/apple-silicon-m1-black-magic/

Thanks for sharing. Hope you all feel fully better soon!

https://www.theguardian.com/world/2020/nov/15/damage-to-multiple-organs-recorded-in-long-covid-cases?CMP=Share_iOSApp_Other

Musk giving interview mostly about batteries:

https://www.nytimes.com/2020/11/24/magazine/shopify.html

https://www.seattletimes.com/nation-world/bill-gates-the-virus-and-the-quest-to-vaccinate-the-world/