Kun

inglorious horse

[Kun @stfukunal]

Sustainable Capital allocation can solve every world problem.

[Matt Shumer @mattshumer_]

https://t.co/ivXRKXJvQg

[Paras Chopra @paraschopra]

It’s a great comfort to realise that, no matter who you are, the marginal impact of your work on the future is close to zero.

Most outcomes are inevitable in the long run - if you don’t do it, someone else will.

This was true for relativity theories, and is certainly true for most of the everyday work we all do.

This realisation should be a reminder that one must work earnestly and live the only life you have got, but not sacrifice finite time for a delusion that simply isn’t true.

[Kun @stfukunal]

Hi @makemytrip I was unable to avail your Gift Card as it did not reflect at the time of Checkout. Request you to please look into this at the earliest.

[Math Lady Hazel 🇦🇷 @mathladyhazel]

This is probably the best physics joke ever. 😎

[Massimo @Rainmaker1973]

Is this accurate?

[Chamath Palihapitiya @chamath]

Quick, if I put a gun to your head and said pick the most climate friendly, socially impactful company with only one class of stock and separated powers between CEO and Chairman: Tesla or Louis Vuitton? How would you answer?

Well most of us would pick Tesla and apparently we’d be wrong.

Do you think of Louis Vuitton as an ESG stock? Actually, it would seem that a great luxury goods company like LVMH maximizes enterprise value by being anti ESG:

- sell goods at prices that are between slightly and completely inaccessible
- use expensive, hi-touch, unscalable techniques from artisans all around the wold
- thrive when the rich get richer
- be tightly controlled so no outside forces can ever distract or question the strategic decisions of the founder

Seems literally the opposite of E, S and G! And, frankly, operating this way is what has made LVMH such a good company for so long.

But as you can see below, LVMH, through no fault of their own have found themselves wrapped in this odd movement.

I’ve maintained for a while (and still do) that, individually, each part of ESG makes a lot of sense. But taken together, it’s become a perverted marketing program for fund managers to accumulate AUM.

In turn, they then create these false checkboxes that make no sense - LVMH is in, Tesla less so.

Initially, these ESG funds are buyers that can help lift a stock price (like they did for LVMH recently). The problem comes, however, when these ESG owners accumulate enough stock and then become activists to amp up the ESG that they said was there in the first place. I suspect many boards and CEOs will find themselves fighting off these folks with their consultant-led presentations…see Berkshire as a prime example.

In summary, I have ZERO issues with LVMH. I think it’s fabulously run, has awesome margins and is led by a master entrepreneur. And to the extent I would own the stock, this is why I would do so. In fact, I find LVMH very non-ESG. Which is why it’s so perverted and comical at the same time that the ESG funds are one of its biggest and growing shareholders.

[Dr. Eli David @DrEliDavid]

Because if you're not fully vaxxed, you'll go to hell 🤡

[Kun @stfukunal]

@lightroastguy The Bombay Canteen

[Kun @stfukunal]

@hvpandya Works well for money laundering.

[Kun @stfukunal]

@xavierunclelite Layoff

[Kun @stfukunal]

@kaashvisaxena https://t.co/wHmVSInjpu

[Massimo @Rainmaker1973]

Unitree Go1 is a new genertion robot dog that can reach a speed of 17 km/h, with adaptive joints and intelligent side follow system. This is a mass testing event in a Unitree factory

[read more: https://t.co/SIcppn0k4c]

[Kenneth Dredd @KennethDredd]

senior debt letting the common equity know who’s in charge

[Kun @stfukunal]

@Trendulkar What’s the update?

[Kun @stfukunal]

@ParikPatelCFA Mine it off 🎵
Mine it off 🎵

[Kun @stfukunal]

@ParikPatelCFA I was fired from twitter yesterday because I demanded Caviar on toast. Should have stuck with Bun (Musk)a only:)

[Kun @stfukunal]

@iamshadmirza Dime is amazing!

https://t.co/jLrqmGkn5W

[Kun @stfukunal]

@ankitkr0 Apt attire for 100 ft road.

[Deepak Abbot @deepakabbot]

2 ways to raise VC money 💰