The Detroit metro area construction plan needs to studied. Who on earth planned the 696 closure and all the mile roads construction at the same time. Truly mind blowing. 🤯
The Hollow Men
American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.
By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.
These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.
In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.
Today, we have severed that link.
We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.
If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.
This looting starts in the boardroom.
We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.
Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.
And for what?
Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.
They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.
And what happens when these boards hire executives who also have no personal capital at risk?
We get the Delegation Economy.
When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.
This is not management. It is intellectual money laundering.
They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.
While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.
If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.
The time for polite governance is over.
If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
I was going to put this article behind a paywall but I want to make sure as many people read it as possible.
If you have a young son, brother, nephew, or grandson, please forward it to him!
My Honest Advice For Gen Z Men:
https://t.co/nW9rwdTMol
You can’t help the world 🌎 if you yourself don’t have the right perspective. Stop 🛑 believing all the negativity & start being grateful for what you have and eliminate envy and jealousy from your vocabulary and inner dialog … it will unlock strength and happiness and allowing a level of being content that will then allow you to learn a positive deposit to the world. You can’t make the world 🌍 a better place from a place of fear and anger … the end ❤️
Holy shlit. I cannot believe this is a real paragraph in The New York Times. I didn’t think they can possibly lose even more credibility. You literally can’t make this up
Milton Friedman: "Inflation is made in Washington because only Washington can create money...What produces it is too much government spending and too much government creation of money and nothing else."
Warren Buffett has said: "I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election."
Do you agree with him?
Today I’m going to set the record straight by explaining my exact posture, point-by-point, on what is probably the most controversial issue of my campaign—a medical safety issue that impacts every one of us. If you take a few minutes to listen, I think you might be surprised to find out how much we actually agree.
So if you go on CNBC to pump your book or tweet literal bullshit as a fund manager that's cool
but if you post on Reddit and command a big following then E trade will ban you