Sep 14, 2019

Jordan Peterson on the dangers of infringing on corporate speech

These corporations who should know far better, let these fifth columns into their organizations.  They think they're not going to pay for that.  They think they're going to stop with demands for the reconstruction of language - not like the demands for reconstruction of language by the way are trivial.  There may be the most important thing you can possibly demand.  "I want to reshape the way you speak.  I want to reshape the way you think."  It's like, "that's ok, as long as it doesn't interfere with the bottom line."  It'll interfere with the bottom line.  You let that fifth column in, it's a warning to corporate people.  You let that fifth column in, man, you're going to regret it. 

Jordan Peterson, "History Describes You!," (9:56-10:30), YouTube, April 9, 2018

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Jordan Peterson on how Hitler played to the German mob

Hitler came to embody the desire of the German people for order and revenge.  He embodied that fully.  What happened was a collaboration between him and the people.  It wasn't Hitler turned everyone into Nazis.  No, that's not how it worked.

~ Jordan Peterson, "Jordan Peterson Shares His Thoughts on Hitler," (4:42-5:00), YouTube,  November 26, 2017

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Sep 13, 2019

Almost Daily Grant's weighs in on the upcoming WeWork IPO and melting valuation

It’s full speed ahead for WeWork Cos., Inc. parent The We Company.  In an updated S-1 filing today, We Co. announced a handful of governance changes to placate investors, including trimming the super-voting rights in the Class-C shares and removing family members of CEO Adam Neumann from the board of directors.

Nevertheless, things are trending in the wrong direction, as Reuters reports today that We’s updated projected valuation has fallen to as low as $10 billion. That’s down from a $47 billion valuation in a private funding round in January and a the $20 billion to $30 billion range reported just last week by Bloomberg. With $14.2 billion in total capital raised, We Co.’s private investors are, on balance, now well underwater.

The largest outside investor is facing particularly acute pain.  At that reported $10 billion valuation, SoftBank’s Vision Fund, which has itself invested $10.7 billion for a 29% stake, would be sitting on mark-to-market losses of approximately $7.8 billion.  Yet, SoftBank CEO Masa Son is apparently undaunted, as The Journal reports this afternoon that SoftBank will buy “at least $750 worth” of We Co. shares in the IPO.

Perhaps Masa might be fit for a cameo in the upcoming Joker movie? 

~ Almost Daily Grant's, September 13, 2019

Sep 12, 2019

David Kostin on IPO performance over the past 25 years

Most IPOs underperform, but some new offerings outperform dramatically.  [A]n investor that purchased $100 of every US IPO completed during the past 25 years would have generated a 0.6 percentage point annualized excess return versus the Russell 3000 index. In contrast, the typical IPO completed during the same period has lagged the market during the first 12, 24, and 36 months as a public company.

~ David Kostin, Goldman Sachs analyst, "Investors beware: The typical IPO stock is a dud, says Goldman Sachs" MarketWatch.com, September 5, 2019

Sep 6, 2019

Milo Yiannopoulos defines hate speech

Hate speech seems to mean anything that a liberal doesn't like, or a fact that a liberal can't rebut, or an opinion or a joke that a liberal finds offensive, but can't fight on the merits.

~ Milo Yiannopoulos, "'Dangerous' Milo Yiannopoulos tells all," (8:20-8:31 mark), YouTube, July 12, 2017

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Milo Yiannopoulos on restrictive speech in America

As a Brit, I came to America thinking this was going to be the land of freedom - free expression.  It's the land of the 1st amendment after all.  And I discovered actually the social pressures on speech - what you can and cannot say in society, if you're in dating, in the workplace - are some of the most restrictive speech codes I've encountered anywhere in the world.  I don't have any particular love for the Republican party - I happen to be a conservative on most social issues - but it's very clear that the trajectory of speech codes and language policing and the oppression of different points of view is working very obviously in one direction.  And that is the progressive left, which has a stranglehold on the media, on the academy and on Hollywood, constantly characterizing conservative points of view as hateful and bigoted, sexist, racist and all the rest of it.  And constricting not just the language that conservatives can use, but the ideas they're allowed to express, and the subjects they're allowed to bring up...  It's a really weird set of affairs for America, of all places, to be a country where speech is so heavily restricted, and it's normally the speech of conservatives.

~ Milo Yiannopoulos, "'Dangerous' Milo Yiannopoulos tells all," (5:53-7:09 mark), YouTube, July 12, 2017

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H.L. Mencken on the urge to save humanity

The urge to save humanity is almost always only a false face to rule it.

~ H.L. Mencken

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