05/24/19

Tethered to Reality v Untethered

Of late, I am convinced that there are multiple parallel worlds in which we and others exist. These worlds being “parallel” never intersect. When they do, the laws of physics create sparks, sparks create fire, and the fire burns bright until it is extinguished by reality. In the end, reality trumps all.

Case in point is the relentless pursuit of President Donald J Trump by the Jabba the Hutt figure, Congressman Jerry Lewis Nadler, Chairman House Judiciary Committee.

Jerry, 71, has been a Congressman since 1992, that’s 27 years. Before that he was in the NY Assembly for 15 years. All told, he has been a politician for 42 years.

[Historical quirk — Jerry was elected Stuyvesant High School 1964-65 student government president wherein his campaign was managed by Dick Morris. Yes, that Dick Morris.]

Jerry sees himself as a tranformational figure in both life and politics. Here he is after his own substantial transformation. Bravo!

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05/23/19

Hot Tech Times in Austin By God Texas

Austin. When you hear that word, you want to be here. You want Barton Springs, the music scene, the Texas Longhorns, the food scene, the local beers, breakfast tacos, and you want the high tech scene.

Here it is. Barton Springs, at 68F, is natural air conditioning on the hottest day in Austin.

Main Barton Spring (“Parthhena, the “mother spring”) — the 4th largest spring in Texas — and its sisters generate more than 32MM cubic feet per day of Edwards Aquifer water. Highest flow rate ever recorded was 85MM CFS during the infamous 1991 floods. In times of drought, the flow rate may be lower. All water from the Edwards is rain water.

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While Barton Springs is cold and refreshing, while the Austin tech scene is hot and exciting. The following chart is the work of crunchbase news and its Austin author, Mary Ann Azevedo. She writes about Austin and lives in Austin.

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05/23/19

Tesla Dips

I am a huge fan of the Tesla story — brash entrepreneur starts electric car company.

The story is four fold:

 1. Car — great car

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 2. Elon Musk — irrepressible entrepreneur

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 3. Disruption of, perhaps, the most well-organized and entrenched industry

 4. The stock, TSLA

Today, we talk about the stock. You will recall some time ago Elon Musk got in trouble for whispering he had backing to take the company private at $420/share. Several million dollars later, a few US Securities and Exchange Commission scoldings, a bit of public humiliation, the story came to be — well maybe Elon Musk didn’t have the requisite backing.

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05/21/19

The Energy Source v The Energy Sink Theory of Life

Big Red Car here on a wet Austin By God Texas day. It is May, y’all, and it is time to contemplate the Memorial Day floods.

Here is a pic from the 1981 Memorial Day floods, my first personal intro to the phenomenon. This pic is taken at the bridge in front of Hut’s Hamburgers, home of some of the best burgers on the planet. There were car lots next to Shoal Creek and hundreds of cars ended up in the creek.

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When you come to Austin, you are going to want to get a Hut’s Hamburger. Trust me on this. Get the hickory burger.

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05/20/19

Beyond Meat — Don’t Burn That Fake Burger

If you have a hankering for a burger, then Beyond Meat may be for you, especially if you like plant protein burgers. Into the conversation, comes recently IPOed Beyond Meat.

BYND came public on 2 May 2019 at $25/share. Since then, the chart looks like the following. Hello, America!

From an Initial Public Offering price of $25/share, the first trade was at $46/share and the first day ended with the price $65.75/share. This was a 163% premium to the IPO price.

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05/19/19

Herman Wouk, 103, RIP

Herman Wouk, an American writer of substantial importance has died. The Pulitzer Prize author of such masterpieces as “The Caine Mutiny” was 103, only 10 days from his 104th birthday. He was described as a man who made American literature “kinder, gentler, better” by his peers upon the occasion of his 80th birthday. An extraordinary tribute considering his subject matter.

“The Caine Mutiny,” of course, was made into a movie starring Humphrey Bogart as the unstable commander, Lt Commander Philip Francis Queeg, of a Navy, ship with odd fixations on a pair of metal balls he constantly rolled in his hand and some missing strawberries, an incredible delicacy on a US Navy ship.

Humphrey Bogart, center, in a scene from the 1954 film 'The Caine Mutiny.' (Columbia Pictures/Getty Images, via JTA)

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