14
Jul
2020
Caretakers of the Cosmos

Why are we here? Human beings have asked themselves this question for centuries. Modern science largely argues that human beings are chance products of a purposeless universe, but other traditions believe humanity has an essential role and responsibility in creation. Lachman brings together many strands of esoteric, spiritual and philosophical thought to form a counter-argument to the nihilism that permeates the twenty-first century. Offering a radical alternative to postmodern apathy, he argues that we humans are the caretakers of the universe, entrusted with a daunting task: That of healing and repairing creation itself. This is an important book from a key thinker of our time, addressing some of the most urgent questions facing humanity. Listen now 

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12
Jun
2020
Memo to Robinhood traders: “Bankruptcy” usually means the equity gets wiped out
Quick primer on how it works, given Hertz is about to pull the world’s first Initial Bankruptcy Offering: The senior debt holders are first in line Subordinated debt holders are next in line Creditors, suppliers, vendors, including employees and pension funds are in this line Equity holders (this means you) are the very last in line and they get a fraction whatever is left, which is often NOTHING Good luck in the scramble to buy Hertz... Read More
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19
Apr
2020
Thematic next-wave portfolio constructor Motif goes bust
Motif trading platform, which claimed to use data driven methodologies to enable the creation of thematic and “next-wave” portfolios (translation: they grep 10Q’s for keywords) has rather abruptly shut  down. Their own advisors heard about it via Twitter. Yes, it did come with %FIRSTNANE%, who cares I guess… pic.twitter.com/3IuwpuBJQG — Hylland Capital (@HyllandCapital) April 18, 2020 They also had developed some  “next generation thematic ETFs” like “human evolution reimagined” (SPTX), which were launched by Goldman... Read More
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16
Apr
2020
Siri: What is a “Unicorn circle jerk”?
Carta, a unicorn that makes dashboards for managing equity investments in other unicorns is laying off staff and sniffing out a cash injection from existing backers. Bloomberg reports that the company is seekng a $200 million investment from existing investors at a $3 billion valuation, up from 1.8B last year. Somewhat incongruent with the “growth story” picture that normally garners such a sharply higher round, Carta is laying off employees. They just axed 161 people... Read More
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12
Apr
2020
AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion Down Round
AirBnB, the tech unicorn that monetizes your spare room has been hit hard by the Coronavirus academic. As the company and the phenomenon grew, more and more “investors” levered up to buy more properties to rent out short term. Some becoming so-called “super-hosts”, running dozens or even hundreds of rental units. There even emerged a phenomenon, of “STR arbitrage“, which is Short Term Rental Arbitrage: taking out long term leases on properties you don’t own,... Read More
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11
Apr
2020
Tesla to lay off up to half of sales and delivery staff
CNBC reported Friday that Tesla will be laying off up to half of it’s sales and delivery staff, this comes on the heels of other layoffs reported earlier in the week. Salaried employees are looking at pay cuts of 10% to 30%. In other news, Elon’s brother Kimball appears to have pulled a switcheroo on his employees “emergency fund” for his Nextdoor Restaurant chain, pulling the plug on the fund right before he laid off... Read More
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