HoontahMustHoont

Au Contraire mon ami, it is I who had the roast duck!

[HoontahMustHoont @McDaddyAddy]

@ryancohen Your post gave me goosebumps, especially the part about bringing in consultants. They are a cancer on American capitalism and we need to treat them out of the system.

[Ryan Cohen @ryancohen]

The Hollow Men

American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.

By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.

These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.

In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.

Today, we have severed that link.

We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.

If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.

This looting starts in the boardroom.

We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.

Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.

And for what?

Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.

They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.

And what happens when these boards hire executives who also have no personal capital at risk?

We get the Delegation Economy.

When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.

This is not management. It is intellectual money laundering.

They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.

While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.

If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.

The time for polite governance is over.

If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.

[HoontahMustHoont @McDaddyAddy]

@larryvc Haha now try why AA Milne writes the glorious leader in his stories

[HoontahMustHoont @McDaddyAddy]

@TheRoaringKitty Merry Christmas legend, stay happy and safe! Love to you and the family 🚀🚀🚀

[HoontahMustHoont @McDaddyAddy]

@skeleton_k3y @TheRoaringKitty @tsukionsolana @TheRoaringAI

[Ryan Cohen @ryancohen]

Looking for a highly talented and creative Motion Designer for a few months, maybe more. Email your portfolio to [email protected]

[Larry Cheng @larryvc]

Dilution is not neutral and shouldn't be viewed as such. It's either positive or negative, good or bad.

In the world of VC-backed companies, dilution is such a normalized part of the journey that it is often passively accepted. This often leads to the negative form of dilution such as capital raised for:

-inefficient sales and marketing spend
-R&D supporting technology searching for a market
-layers of unnecessary organizational overhead
-supporting broken business models
-vanity valuations
-etc...

However, dilution has a positive and accretive expression as well such as capital raised for:

-scaling efficient go-to-market efforts
-product and channel expansion with clear ROI
-deleveraging and strengthening the balance sheet
-accelerating market share gains for a sound business model
-transformative investments (e.g. M&A, R&D, capex)
-etc...

Therefore, dilution should neither be passively accepted nor should it be categorically prohibited. It shouldn't be viewed as always positive or always negative because it can be either. The purpose and quality of the use of capital is what ultimately defines the merit of any dilution.

[HoontahMustHoont @McDaddyAddy]

@PleasrDAO Can you blame us, after all the gaslighting and shit we’ve been eating for the past 3 years? This is fucking unbelievable, LFG 🚀🚀🚀🚀🚀

[HoontahMustHoont @McDaddyAddy]

@PleasrDAO

[HoontahMustHoont @McDaddyAddy]

@Cancelcloco @Malone_Wealth

[HoontahMustHoont @McDaddyAddy]

@larryvc

[Larry Cheng @larryvc]

GameStop Completes At-The-Market Equity Offering Program - May 24, 2024

https://t.co/VnLkrWS0wv $GME

[HoontahMustHoont @McDaddyAddy]

@TheRoaringKitty Hey @TheRoaringKitty, really appreciate you sharing a very personal moment with us. Grief lessens once shared, and you’ve got us from all over the world to share it with. Thank you, we’re here for you.

🚀🚀🚀

[HoontahMustHoont @McDaddyAddy]

@Dougielarge @pulte @ryancohen Keep going @Dougielarge, almost there

[HoontahMustHoont @McDaddyAddy]

@Cancelcloco Bro this is fucking amazing! OG Jan ‘21 ape here - Preach the good word!

[HoontahMustHoont @McDaddyAddy]

@ryancohen @WallStreetSilv

[HoontahMustHoont @McDaddyAddy]

@DumbMoneyMovie DRS YO SHARES

[HoontahMustHoont @McDaddyAddy]

@pulte

[HoontahMustHoont @McDaddyAddy]

@GaryGensler @SEC_Investor_Ed Thank you @GaryGensler for making it crystal clear that by either by holding the security as a physical certificate or by Direct Registering it (DRS), do you then truly own the security in your name (and not in street name). @citsecurities @Fidelity

#DRS #DirectRegistration