Conversation

Fingers crossed that today’s twitter layoffs are the trough and there might be some good things starting in a week or two.
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The persistent danger is all these signs of management by woke-derangement-syndrome. He’s blaming ad revenue drops on activism?? That’s not… a promising thought process to guide a turnaround. You don’t get to creative leaps starting with totalizing political purge missions.
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One thing that’s just sinking in for me is the degree to which Musk is more PE turnaround guy than startup guy. He goes after *old* industries and distressed assets. He bought old Toyota-GM factory for Tesla. Tried to buy Russian rockets before betting on Tom Mueller.
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Replying to
How rockefeller? Oil refining as an industry barely existed before he stepped in to create it. Carnegie developed the scaled integrated steel plant out of the small-scale artisan steel industry. I'd say they were early stage. Rockets and cars (including EVs) are ~100y old
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Rockefeller was famous for buying up other oil fields, refineries, and rail lines. He was a finance / 1 to n scale guy really. Carnegie was a investor: PRR --> Pullman --> angel in the Bessemer process, then got them to build his mill, and then got Frick to run it.
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