Liberty

https://www.bloomberg.com/news/articles/2020-04-23/apple-aims-to-sell-macs-with-its-own-chips-starting-in-2021 That'll be fun!

https://luttig.substack.com/p/when-tailwinds-vanish Thought-provoking piece.

Isn't this what all retailers do to make their store brand stuff? Costco with Kirkland and Walmart with Great Value and so on... They see what sells well and decide what to make their own version of based on that.

Bill Gates memo: https://www.seattletimes.com/nation-world/it-is-impossible-to-overstate-the-pain-fight-against-coronavirus-will-define-our-era-bill-gates-says/

https://www.thenewatlantis.com/publications/not-like-the-flu-not-like-car-crashes-not-like

https://quillette.com/2020/04/23/covid-19-superspreader-events-in-28-countries-critical-patterns-and-lessons/

And in February he created a $10bn fund to fight climate change: https://en.wikipedia.org/wiki/Bezos_Earth_Fund

Great show so far. I'd also recommend ZeroZeroZero (Prime)... similar feel to the movie Sicario. Also, recently added to Netflix: WACO and The Last Dance. I recommend 'Waco'. Good mini-series. Saw it a few years ago and thought it deserved wider viewership, glad it's on Netflix now. ZeroZeroZero seems intriguing. Adding it to the list, though no idea when I'll be able to watch (having young kids in this quarantine leaves you with less free time, not more..)

https://www.nytimes.com/2020/04/22/technology/bezos-amazon-coronavirus.html

His point is that for these things to even be investable, there has to be a widespread desire to make them happen. Pointless to invest in things that governments (local, state and federal) will block forever and that NIMBYS have control to block. He's trying to help change the conversation and mindset at a time when people may be more receptive to the idea, and that's very powerful. It's not lack of money that keeps all these things from happening -- there's clearly plenty of money when needed -- what's lacking is the actual will to make it happen and a vision of a better future. To say that because this VC firm isn't investing in infrastructure that they don't really want to see it happen doesn't make sense. Everybody has a circle of competence, and they are experts at software and online stuff, and they helped build the internet. That's like saying that I can't be in favor of building more solar farms and nuclear plants because I haven't invested in solar power and nuclear. Ben Thompson wrote this on the essay:

"There are more important things than living"! I'll believe him right after he offers his own life for the economy.

Agreed:

https://thehill.com/homenews/state-watch/493879-texas-lt-governor-on-reopening-state-there-are-more-important-things https://www.washingtonpost.com/opinions/2020/04/21/georgia-leads-race-become-americas-no-1-death-destination/

Mass confusion, zero coordination! https://www.npr.org/sections/coronavirus-live-updates/2020/04/21/839919655/maryland-gets-500-000-test-kits-from-south-korea-drawing-criticism-from-trump

ValueAct: https://uk.reuters.com/article/uk-nintendo-valueact-exclusive/exclusive-valueact-eyes-nintendo-with-stake-of-over-1-1-billion-letter-idUKKCN2232V0

They are protesting the guidelines that Trump himself put into place and later extended to April 30th. He doesn't care about coherence, just about whatever could advantage him. By politicizing this, he's creating the conditions to blame others, whatever happens. As Kasparov wrote here: https://www.cnn.com/2020/04/20/opinions/trump-institutions-autocrats-kasparov/index.html

3 episodes into the documentary series Tiger King on Netflix... what a crazy bunch of people. Entertaining so far.

Also:

Probably just on a coffee break.

It worked so well for the US coal and steel industries!

https://www.cnn.com/2020/04/20/opinions/trump-institutions-autocrats-kasparov/index.html Gary Kasparov op-ed.

https://twitter.com/cloisterres/status/1252358722241695745?s=21

This is big, but not quite what you say. Futures further out (June and July, I think) were still in the 20s last I saw. This is a storage issue for this month's contract because we're close to date when you have to get delivery. https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/?subId3=xid:fr1587412446979iif#141008c724e8