Joel Lewis

Working at getting a bit better every day.

[Joel Lewis @JoelLewis]

@xenocryptsite Sellling assets isn’t the first move. The core of an LBO is selling debt so you can put less down when you buy the company. use mix of operating profits to service the debt & asset sales to pay it down. Imagine if you buy META and sold / shut VR biz 📈

[Joel Lewis @JoelLewis]

@nosunkcosts I would guess the people have kids later in life are also further from family as a group, which requires more time up front, and that after a few years of dedicating all of that time, it’s hard to reset.

[Joel Lewis @JoelLewis]

@Metathea11 @visakanv Roam has a desktop app, mobile app, and local storage on both now

[Joel Lewis @JoelLewis]

@awilkinson Panera has a membership program, supposeddrives strong results: https://t.co/XsqjdRyta4

[Joel Lewis @JoelLewis]

@jeffvandermeer Thank you! just found a few options near me with the right keywords

[Joel Lewis @JoelLewis]

@jeffvandermeer Any resources you recommend to learn about local plants in different parts of the country? Not sure I’d know where to begin to help re-wild like this.

[Joel Lewis @JoelLewis]

@erikbryn @Noahpinion @MJRoetzel See also NYC, where renting is often at a signficant discount to total cost of ownership for short and medium horizons because of expected gains in value of property over time.

[Joel Lewis @JoelLewis]

@erikbryn @Noahpinion @MJRoetzel When you own, you have an asset that is changing in value, and that you can decide to sell or refinance - you are long housing. The long position is offset by both the opportunity cost of the gain / loss being invested in something else and the cost of other housing.

[Ethan Mollick @emollick]

Good middle managers matter a lot!

Who the plant manager is in car factory explains more of the productivity difference between plants than who the CEO of the company is. Replacing a bottom quartile manager with a top quartile one decreases hours needed to build a car by 30%.

[Joel Lewis @JoelLewis]

@bruces you need doctrine to have heretics

[📈 Len Kiefer 📊 @lenkiefer]

The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006.

It hasn't shown up in many data series yet, but mortgage applications are pointing to a large decline over summer.

Purchase apps down 40% from seasonally adjusted peak

[M. Kit Delgado, MD, MS @kit_delgadoMD]

...or that it's due to our "unique mental health problem" after Covid...

[Mallory McMorrow @MalloryMcMorrow]

For the second straight day, the Michigan Senate GOP ended session early in a cowardly attempt to silence Democrats from speaking on the Senate floor about the slaughter of children in Texas. But we won't be silenced. Here's the speech Republicans were too afraid to hear.

[Joel Lewis @JoelLewis]

@semil Marbury v Madison is 1, it created the ability for the court to strike down laws (“judicial review”). Doesn’t explicitly appear in the constitution.

[Joel Lewis @JoelLewis]

Making every miscarriage a potential crime to be investigated is wrong. Making IVF illegal is wrong.

A law like this is cruel, poorly thought out, and deeply unpopular. It speaks to who these legislators are and what they value that they are doing it anyway.

[Joel Lewis @JoelLewis]

@JamesSurowiecki Robert’s was probably not 5th vote. Either Kavanagh or Gorsuch are swing justice on this, hard to say on outside.

[Joel Lewis @JoelLewis]

@lymanstoneky I think a charitable reading of the critiques, is that the law is unclear so that it can be used to target LGBTQ families. They are skipping to the harm they see in the intent behind the bill. “It’s Vague” doesn’t sound scary and doesn’t rally the troops

[Joel Lewis @JoelLewis]

@ScottDa35605741 @paulg “The mortgage interest deduction is a misnomer, and probably a deliberate one. The tax burden doesn’t just disappear, it has to be raised. People who don’t have mortgage interest pay for those who do”. Put your least favorite deduction, credit, and cut inside the quotes.

[Joel Lewis @JoelLewis]

@ScottDa35605741 @paulg Congrats, me too. There’s lots of tax credits targeted at small groups of people I missed out on. My point is most every government policy is a transfer from all to some. This is no different. Evaluate them all on the merits