The one element of private equity that feels under discussed is its almost always a race to see how much money can be stolen before the market corrects. You have a product people love and trust (Jersey Mike) and you exploit the love for it. People will eventually revolt but not before someone gets rich. The lie outpaces the discovery (hey the product is shit, used to love this) just fast enough. The brand gets wrecked, and the vampire squid moves on to its next host. Intentionally enshitifying things people love might as well be financial cancer.
I've watched this shot at least 20 times, incredible shot demanded of one of the world's best. Soft cut 2-iron into the wind.
We need more golf that asks these types of questions.
Sad news today: the Oakland Hills clubhouse was lost to a fire. Here's Gil Hanse on the grandeur of that clubhouse, and how Donald Ross's golf course matches it.
This turns out to have been my last story for the Wapo. We couldn't come to terms on a new contract. I have dramatic & spectacular thoughts about this but after 30 years with talented people & an institution I revere, that's what they'll remain: Thoughts. https://t.co/ungF6SqoG7