1/ Many areas of financial services have “stochastic margins” per widget, but hopefully (obviously!) positive margins for the whole batch of widgets sold - unlike most manufacturers, with fixed/declining COGS at scale. This means many things when you build a “financial” business
📣 We need your help. This is the post we hoped to never write, but today marks a huge turning point in The Strand's history. Our revenue has dropped nearly 70% compared to last year, and the loans and cash reserves that have kept us afloat these past months are depleted.
20 years ago, I arrived New Zealand to begin filming "The Lord of the Rings." I joined the cast on January 10, 2000. During that time, I kept a journal, which today would be called a blog Perhaps you'll enjoy reading about those heady times: https://t.co/bJ6Nsqgwi2
I can read a million words on how car boss Carlos Ghosn escaped 24 hour surveillance in Japan to flee by private jet to Lebanon. Beirut sources saying he hid in a box designed for a musical instrument. Double bass, presumably.