Marc

🌎🌍

[Naval @naval]

Time spent thinking about the future is time spent away from your self.

[Marc @sb_Marc]

@MrtnzAlvrz Se nota que has estado poco en NYC

[Mario Nawfal @MarioNawfal]

LVMH CEO BERNARD ARNAULT: FRANCE ALSO NEEDS TO APPOINT SOMEONE TO SLASH BUREAUCRACY

“I've just returned from the USA, as you so kindly noted, and I was able to see the wind of optimism prevailing in that country.

And when you come back to France after spending a few days in the USA, it's a bit of a cold shower, I must say.

You get the impression that in the USA, you're welcomed with open arms, taxes are going to drop to 15%, the workshops you can build in the USA are subsidized in a whole series of states, and the American president encourages this.

The market is growing fast.

Just look at the new boutique Pietro has opened in New York, which is an incredible success.

Frankly, there are 100-meter-long waiting lines.

It's really quite exceptional.

And yet, it's very, very elitist.

So when you come to France and see that we're about to raise taxes by 40% on companies that manufacture in France, it's almost unbelievable.

So we're going to tax Made in France.

If you want to cool down optimism, it's hard to beat that.

It's the ideal way to encourage relocation [of companies to other countries].

We offered other solutions.

Obviously, bureaucracy [prevents that].

To do that, we'd have to do what they do in the U.S., appoint someone to slash the bureaucracy a bit. 

But as soon as you try to do that, you're sued, it's impossible.”

Source: LVMH/Nouvel Obs, January 28, 2025

[Marc @sb_Marc]

@MrtnzAlvrz Buen punto. Esto en Europa… estoy convencido que en US sale a cuenta desde el minuto 0 includo para inmigración ilegal

[joan tubau @joantubau]

La larga y dulce travesía
18.09.21

[5th Beatle @5thbeatle__]

Un hombre debe lucir presentable, incluso si está a punto de enfrentarse a una tormenta.

Robert L. Stevenson.

[Marc @sb_Marc]

@zebulgar Just curious, how much time have you spent in each set of countries?

[Michael A. Arouet @MichaelAArouet]

While Canada, UK and even the US attract many immigrants with high education, German generous social system is a magnet for immigrants with medium and low education.

It doesn’t help German demographic problem, it makes it worse.

[Michael A. Arouet @MichaelAArouet]

Remember good old times when Europe was known for innovation? What happened?

[Michael A. Arouet @MichaelAArouet]

Marginal personal income tax rate over 50% is not taxation, it is theft. Would you be willing to work harder, if majority of your incremental income was taken away as a result?

[Joe Lonsdale @JTLonsdale]

Imagine a team of the best physicists in the world. Now imagine a team of the best basketball players. Do these two groups look the same? Is it racist that they don’t?

What about the top 50 empathetic nurses vs top 50 IT support personnel? Is it sexist how interests and skills vary, on average?

Merit means focusing on individuals, not group identity. It also means accepting reality as it is, not as we wish it to be.

Hiring and promotions should never involve identity quotas. Some HR leaders imagine they’re activists fixing society when they pursue DEI - but in reality, they’re the ones spreading racism and sexism, instead of focusing on individual ability.

Find the best individuals for the job — that’s how the top organizations and companies win. Let’s get the USA back to competence and winning.

Proud to support https://t.co/ORYujwxQr4!

[delian @zebulgar]

If you're committing to a 20 year journey that involves compounding returns

You have to keep in mind throughout the journey that the majority of returns will happen in yeara 17-20

2004 vs 2024:

[Marc @sb_Marc]

@Edu_Riera_ 1/ Tamaño de mercado. GDP US =~ GDP EU, 2/ Mucha más simplicidad (EU mismo tamaño de mercado que US pero tu estructura de costes es mayor porque tienes +30 “países/mercados”, con lo que hay mucha menos economías de escala, 3/ Sistema de incentivos (en US no hay seguridad social)

[Marc @sb_Marc]

@jgaytandeayala Equity comp. en Europa es mucho menos común (y generoso) que en US desafortunadamente. El marco regulatorio tampoco ayuda. Ni siquiera en Spotify hubo muchos casos. Klarna no llegó a materializar. De todos modos, creo que hay alguna excepción (Revolut?)

[Naval @naval]

We admire wisdom because it cannot be borrowed and it cannot be taught.

It must be earned, as the product of experience and honest self-reflection.

[Naval @naval]

Work is the set of things that you have to do, that you don't want to do. Don't work.

[Naval @naval]

The harder the workout, the easier the day.

[Marc @sb_Marc]

@Edu_Riera_ Pedir un valor absoluto como nota de corte es totalmente absurdo; la única variable que debería importar es el ranking del estudiante respecto los demás en su promoción.

[Naval @naval]

If you can’t be happy by yourself, you have nothing.