Wild:
Cisco's president found a 27-year-old ex-founder "buried away" five levels below him, gave him unlimited AI tokens and told him to "go nuts."
The job: rewrite 98% of Cisco's legacy code in 24 months. Two people. Four weeks to prove it works.
Meanwhile I'm out here rationing my Claude limits like it's wartime.
In response to hard market conditions, many carriers have (Rightfully so; ~108% combined ratio in 2022) filed for significant rate increases. Inflationary pressures and CAT losses are a couple of the main culprits. In response, some heavy-handed DOI's have decided to intervene.
The most common job among the top 0.1% of rich people? It’s not being a surgeon. Or a Wall Street tycoon.
It’s owning a business. And probably a boring one, too.
- Among the top 1% of earners ($550k+ per year), 34.9% of income comes from business ownership. It’s even more among the top 0.1% ($2.3M per year), at 43.1%.
- The businesses we’re talking about here—for the most part—aren’t glamorous hyper-growth startups funded by Silicon Valley VCs. They’re regular, boring businesses you find all over America: small manufacturing companies, car dealerships, beverage distributors, construction companies, dental practices, law firms, fast food franchises, etc.
- There are 1.6M businesses in America worth $10M or more. In other words, there is one $10M business for every 82 American households*.
- Yes, running one of these companies is a ton of work. And, yes, building or acquiring one of them requires a high tolerance for risk (if you know me here or you’ve worked with my firm, you know I’ll never sugarcoat that, and I’ll never gaslight you and pretend it’s easy).
- But, if you’re interested in this path—and if you have decent leadership skills, a willingness to risk the downside in order to pursue the upside, and the mentality that you’re going to work your ass off 24/7 to make it, no matter what—there’s no reason why this couldn’t be you. You could be the 1/82 here, not the other 81.
(*This includes businesses that are owned by PE firms or are publicly listed, so the math here isn’t perfect. But there are still vast numbers of these companies owned by their original founders, by their heirs, or by individual investors who acquired them without PE-backing.)
Thinking about this story that Walton Goggins told GQ about being in Thailand 20 years before filming White Lotus after his wife's suicide and how it all came flooding back https://t.co/9iKqVK2Ern
Prepare for news stories about "evil insurers" that don't tell the whole story.
Proposition 103 in California makes it illegal to accurately price fire insurance. Insurers can only use historical data, not projections.
So insurers did the rational thing: they dropped customers
“Is Seat Based Pricing Dead?” From @jaminball
- Seat pricing misaligned w/ AI
- Software must shift to hybrid pricing model: seats + consumption
- UI matters less. Data architecture matters more
- Must be system of record (aka database)
What's wrong with blue cities out West? Why do blue states in the West govern less ably--more homelessness, more homicides, worse graduation rates -- than blue states in the East? What explains the gulf between our values and our outcomes? My column: https://t.co/5Ivgiox3hH
All Americans need to be aware of this bi-partisan committee that is doggedly fighting to get to the bottom of the lying, subversion and *perhaps* even criminal behavior of Fauci and his team.
This isn't a conspiracy or a conspiracy theory any more folks... they've been caught red handed in their cover up.
the only question is what exactly they covered up -- and why.
A Bill Walton story. In 2018, I was headed to San Diego to work on a big Walton piece, but news broke about the FBI investigating college hoops programs. I had to pivot to a Syracuse-Duke game to get news reactions from Boeheim and K. I called Bill to apologize. His response?…
we want a sunday night hbo docuseries where once a week @JasonKelce goes to a team’s tailgate and shares their culture. like anthony bourdain but for pregames.
The Raising Canes founder is my new favorite billionaire:
- Owns a 66 million year old triceratops skull
- Owns 90% of Canes, worth $7.2B
- Named the biz after his dog
- Worked at an oil refinery - total bro
- The idea for Raising Canes started as a business plan in undergrad at LSU that earned a poor grade
- Maniacal about not expanding the menu. Keep the quality 10/10 and the process dead simple. They don't even serve ranch! Lettuce? Ew.
- 0 franchises, all 550 stores are corporate owned.
Why do you think Canes, Chick Fil A and Chipotle aren't understaffed like the other fast food chains? No franchises = high control & quality.
- He's a massive philanthropist and deeply ingrained in his community.
I wanna be Todd Graves when I grow up.
@WajahatAli The protesters on Wednesday interrupted Harvard classes, using bullhorns to blast antisemitic calls to “globalize the intifada” and call for the elimination of the Jewish state “from the river to the sea,” according to Harvard Hillel.
https://t.co/YgRYqI389Z