Damian De Allende raises his bat as the #Springboks name a settled side for the opening match of #RugbysGreatestRivalry - more here: https://t.co/A0Fta99n3b 🤩
Limited tickets available here: https://t.co/HHVCxDsgQx 🎟️
Stream every Bok Test LIVE on DStv: https://t.co/zo5pLOwi4z 🎥
#ForeverGreenForeverGold
no one can tell me otherwise that american boomers lived the peak of human life form. insane industrialisation, gold rush, booming economy, buzzing entertainment... they had it all.
I told him the blood, sweat and tears would be worth it.
I told him waking up at 4 am to hit the pool would be worth it.
I told him it would all work out
And now introducing:
Butcher Jr, Kenya Swim Team
There's no shortcut in industrial policy. You start with labour intensive sectors like textiles and agro processing. Then you you scale up to capital intensive heavy industry i.e steel, cement, refineries, aluminium & glass. If you hack both, you now go to tech intensive sectors
"We are going to introduce Customs functionality on the M-Service App early next year. ~ Jacob Aliet - Project Manager M-Service
#TaxpayersMonth2020#CSWeek2020
“Let me get this straight, you’re lending billions with cheese as collateral?”
“Not cheese. Parmesan. Parmigiano-Reggiano to be precise.“
“So, you finance this by packaging the Parmesan loans into Parmesan CDO A, which has part of Parmesan CDO B and both get put into Parmesan CDO C?”
“Yeah. The original loans are backed by wheels of Parmesan. Minimum age of 12 months. Some are 24 months. 36 months. 48 month. Hell, up to 120 months. Delicious. Millions of wheels. But Parmesan CDO C is a synthetic Parmesan CDO. A CDO of Parmesan CDOs. Parmesan Squared if you will.”
“What if it gets too hot in the summer and the wheels of Parmesan melt?”
“We’ll sell Parmesan credit default swaps.”
“C’mon! How much bigger is the market for Parmesan-backed sythentic loan and CDS products than actual edible real-life Parmesan that I can grate on top of my homemade spaghetti bolognese tonight?”
“At least 10,000x.”
“Ok, let’s say we have an underlying pool of $10 million in Parmesan wheels. How much money could be out there betting on your synthetic Parmesan financial products?”
“Probably $100 billion.”
“That is fucking crazy.”
“No, it’s awesome.”
And I think brilliance is the easy part. Structure, that's the mountain. To do something repeatedly, consistently, and adequately takes a lot more than inherent nature. Brilliance without structure will always be potential, which gradually mestasizes into regret.
Starting from 'cut 50%' sounds smart but skips reality. Cost drivers are sticky, incumbents fight back. And quality will bend before price does.
Scope reduction is the lever you can actually pull today. Fund that, measure it, then aim for the bigger number.