⁠Startup Archive
RT @foundertribune: 9 Lessons from Peter Thiel by @JTLonsdale https://t.co/1zutaYqgWx
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⁠Startup Archive
Peter Thiel on the key to hiring:

"Like focus, intelligence has a convex output curve — the smartest people can be an order of magnitude more productive than others who are only somewhat less smart. The key in hiring is to value potential skill rather than currently existing skill — and potential skill is based on intelligence rather than training."

9 Lessons from Peter Thiel by @JTLonsdale https://t.co/1zutaYqgWx - The Founders' Tribune
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⁠Librarian Capital
RT @John_Hempton: A very rare long from me. Quite non-consensus as the company has seldom failed to disappoint.

Brambles.

$BXB.AX

https://t.co/98m8uFfUEH
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⁠Librarian Capital
"Companies bit by French tax hike" (FT)

Year-1 impact:
LVMH $MC €700-800m (15%)
Vinci $DG €400m (18%)
Safran $SAF €320-340m
Hermes $RMS €300m (19%)
L'Oréal $OR €250m (14%)
Thales $HO €105m (both years)
Kering $KER "no significant impact"

Luxury, defence and construction companies bit by French tax hike https://t.co/yHjUVK8PeK - Financial Times
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⁠Librarian Capital
"European stocks hit by ‘Trump effect’ as odds tilt towards Republican win" (FT)

Diageo $DGE mentioned as part of Barclays' 28-stock vulnerable European companies basket

$DEO ADR down 5% since Sep month-end https://t.co/OMBz3eKJ5X

European stocks hit by ‘Trump effect’ as odds tilt towards Republican win https://t.co/vreml00fA3 - FT Economics
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⁠Librarian Capital
Bill Ackman amplifying another post without checking

"Recently I made ... a bold decision to switch my party affiliation to the Republican Party"

The video is from 2013

"Senator Elbert Guillory" was a state senator and this was his second defection (he was GOP until 2007 ) https://t.co/nYu8W1Hjtq
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⁠Librarian Capital
RT @ylecun: Trump has unfathomably idiotic policy proposals.
Many of them are impractical, illegal, or against the constitution.
But because he is an unfathomable idiot himself and because only idiots are willing to work with him, he is also totally ineffective when it comes to implementing his proposals, even those that are not illegal.

Here are some facts:

Trump had complete control from 2017 to 2019—he held the presidency, the Supreme Court majority, the House, the Senate, and the Department of Justice.

Here’s what happened:

0 Immigration bills passed

0 Funding for the wall:l

Immigration levels: hit record highs in 2019

Tax cuts for billionaires: 1

These are the numbers—just a little perspective. - Agent Self FBI
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⁠Librarian Capital
Small business banking / Visa Direct anecdote

Recently we tried to move ~$3k from PayPal to
our business banking account with a Big 4 UK bank

Default bank a/c transfer failed many times
UK bank couldn't even see attempts

Use debit card; it worked instantly

$V $PYPL
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⁠Librarian Capital
The key skill in politics is knowing how to count

The way billionaires like Elon Musk have assembled a ~50% coalition behind Trump is impressive

The Proud Boys likely aren't keen Bill Ackman can pay less tax, but there they are

Conversely, many liberal causes alienated voters https://t.co/IceM6b2NyZ
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⁠Librarian Capital
https://t.co/u7DQbavuul

Trump: "You know there's a theory -- pick a really bad vice president, that way they never get rid of you." https://t.co/U4NEpSjvOM - Aaron Rupar
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