Andy マーク レナード

for?

i know this guy but i cant put my finger on what specific phrase youre alluding to

cant manana become no mas?

no battle seems to be getting fought here anymore (SI/DTC), very clear competition in China, demand destruction in Europe (who also seem more inclined to import Chinese EVs, some already made in Spain/Hungary)

here today gone tomorrow?

alive but exhausted by channeling the mind(s) of lesser men to even grasp at understanding wtf could happen

YouTube video by Stewart Brand 1. How Buildings Learn - Stewart Brand - 1 of 6 - “Flow”

Stewart Brand How Buildings Learn in BBC tv format

excellent on many levels - many timeless insights, art of observation, many ppl make entire careers out of a single of six episodes

www.youtube.com/watch?v=AvEq...

still think montreal is the top place to live (iirc)?

artificial intelligence, heavy emphasis on artificial

if you rly want to zig when others zag - try moving to China...

has also crossed my mind fleetingly...

second order - Japan is where Chinese people are looking for second options, so maybe some wisdom of crowd there...

entrepots need flows to do well - if the world has less trade, that is less flow to clip a fee off of

(i spent 5 minutes wondering if I should move to Singapore yesterday)

bc its a hard asset? USD angle?

long or short?

just tossing it out - toying with the idea that the event driven elliott activism angle isnt fully priced into options (wishful). have never bought LEAPS for the record...

$PSX LEAPS? Jan 2027 $120 is $19 vs $200+ elliott target

Long PSX Short $VLO?

cheap assets, clear catalyst now

streamline66.com/wp-content/u...

its the law

of the conservation of mass

the older IT firms /could/ nail the DX transition - ITFOR 4743 is one of them, seemingly - but i think cultural shifts in any individual company is hard to understand let alone accomplish. will look, but hesitation/bias that they could lose biz to newer SaaS pure play companies

no - ill take a closer look when i have a sec, but while i have bought very cheap japanese companies in the past, i think the better results will come from surfing the wave of DX combined with governance reforms.

the underlying assumption on my part is that SES is a heuristic for long term orientation to build a durable and competitively advantaged business

im less trying to distinguish it myself than to show where someone who did make that distinction failed to appreciate certain aspects that may have been more apparent with a better model of what a long term orientation that will cement a competitive position looks like.

airlines are a good example

streaming is interesting b/c in the early stages, netflix did something SES-esque, but once their competition position became unassailable looking they took pricing and dont seem so friendly in that regard anymore

good example - TKWY thought they had a "protected base" of profits in netherlands but it didnt rly give them any LT advantage at the biz level and it certainly led to some miscalculations by mgmt.

the parallel being poker is great for decision making with incomplete information+using people's actions to create information at the investment level. in this instance, Go may prove useful for thinking about multistage territory games where relative advantage compounds

i am elaborating on Go/weichi as a useful model/measuring stick for long term orientation. the idea being that as an abstraction it may prove less prone to false positives that the scale economies shared pattern match has, albeit nothing is perfect

do any duds come to mind when people overly focused on the sleep zakaria nomad partnership concept of scale economics shared?

the other comment is that if there is inflation in japan, chains have economies or scale, single location owner operators probably also skew quite old.

Expeditors? who else?

knowing fuckall, i will say that ramen can appear quite customizable without having complex operations. maybe no quite pizza economics, but is similarly not protein dominant so better than burgers

Ramen consolidation in Japan?

Gift already growing topline and EPS 20%+ for the last 10 years...

20x EBIT, have never been cheap

$9279

interesting IR concept - website listing the answers to every earnings call question w/date, category. a few other companies use besides serverworks, so not alone in doing it. dont need to rly read into it but low signal that they care about shareholders?

www.qastation.jp/serverworks