A good first-cut empirical study of the @WokeCapital hypothesis would be to look at mean time to disappearance for corps/brands from the last few decades. Do all-white commercials predict corporate failure? (What about declining advertising budget?)https://twitter.com/QuasLacrimas/status/1400271718774681606 …
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Replying to @QuasLacrimas @WokeCapital
IIRC it was Peter Thiel who pointed out that in the 2008 financial crisis whether a firm was bailed out was correlated with the proportion of their campaign contributions given to (D)s. Pretty direct connection there - other industries have much murkier levers.
12:22 AM - 3 Jun 2021
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