Legacy Satellite Makers Idolized Tradition, Ignored Cost Savings
Old school GEO satellites were assembled in a facility that housed the product in a "high bay" as if it was a giant religious icon. PhDs in bunny suits assembled the satellite piece by piece. The legacy manufacturers didn't believe cheaper satellites would result in more profit.
Thighs Win, but the Sandwich Bread Disappoints
Doesn't everyone make their fried chicken sandwich this way? "chicken thigh brined in buttermilk, MSG and five-spice powder before being fried twice and dunked in chili oil laced with duck fat." That bread is a poor choice. Of course, chicken thighs...
True Ambition Means Launching Thousands of Space Data Centers
If you don't plan to launch tens of thousands of data centers in space are you even trying? https://t.co/8d1zTwMr7A
Munger: Consultants Always Recommend Hiring More Consultants
Charlie Munger: "I've never seen a management consultant's report in my long life that didn't end with, 'What this situation really needs is more consulting'" https://t.co/YuqTi625ix https://t.co/rtAm7slFIF
Bridge Rebuild Costs Double, Fees Inflate Budget
The cost to replace the Interstate Bridge between Washington and Oregon increased ~ 140% from a 2022 estimate of $6 billion to a new "target" of $14.4 billion. How much of this cost is not related to actual construction and is...
Fertilizer Supply Chain Fragile, Hinged on Hormuz Gas
The fertilizer supply chain is what Nassim Taleb calls "fragile." Optimized for low cost natural gas, the fragility source is the Straight of Hormuz. https://t.co/Ly2rsT6s4P
Enterprise AI Yields Higher LTV, Beware Subsidy‑Driven CAC
Customer lifetime value for enterprise AI customers is higher than for consumer customers. COGS of providing subsidized service is part of customer acquisition cost (CAC). Distribution can be brute forced by heavily subsiding service (ie CAC). Stranded CAC...
Jensen Huang Predicts $1 Trillion GPU Orders by 2027
Jensen Huang forecasts $1 trillion in orders for Blackwell and Vera Rubin through ’27. The technical term for this is "a lot." https://t.co/0mqhlqtnzA
AI Dismantles Old Moats, Builds New Competitive Barriers
Charlie Munger: "It’s probably a natural part of the modern economic system that the old moats stop working." 2020 Daily Journal AGM AI eliminating or reducing the effectiveness of some moats is inevitable. New moats being created in an AI...
Cold-Smoked Salmon: Five-Day Process Delivers Heavenly Flavor
What does my cold smoked salmon look and taste like? Looks great and tastes like heaven. Five day process. https://t.co/9oiQzidEzx
Learning Co‑Investing Secrets by Watching Benchmark’s Five Partners
In 1999-2000 Craig McCaw asked me to spend a lot of time working in the Benchmark offices on Sand Hill Road to find areas where co-investment was possible. I never learned so much, as Yogi Berra famously said, "just by...
Berkshire's Capital Allocation: Focus, Integrity, and Discipline
Berkshire’s capital allocation principles and strategy: Invest in businesses that we thoroughly understand, with durable advantages and long-term economic prospects; Partner with high integrity leaders who understand their customers and act like owners; Avoid businesses that undermine the fabric of society or...
