@ReformedTrader That is a long post, but well written. Real estate is a claim on the future prosperity or ruin of a geographical location. Real estate intrinsic values is its ability to generate cash or similar costs to rent in that area. Intrinsic value is above zero in most cases.

Ironically enough, the location that benefits most from property ownership are places where rising living costs expand faster than rising middle income wages. Deflationary areas are hostile to property ownership as price is falling make collateral and borrowing difficult.

Homes are bought using leverage with agencies loan subsidies by the governments. As long as you have fixed rates, the costs of living expenses for your housing is set for 30 or 15 years which allow family to budget. Wealth can be accumulate over time as asset and income risen.

Time passed, real estate become detach from intrinsic values. Monthly mortgage rocket pass incomes and growth in the area. Quick money into real estate turn into a landmine. The 2007 fiasco could have been better or worst, but the free market is effectively dead as an ideology.

At the time, investors attack the institutional that vulnerable to the MBS and structured derivatives linked to real estate bubble risks. Since many financial institution owned the agencies MBS, defaulting on these security means downward spiral for M1 and M2 in developed nations

Okay, let's learn this morning😊😊. Quote your replies.

1. What is the pronunciation of "SUITE?"

2. What's the difference between Homonyms, Homophones and Homographs?

3. Words Denoting Places, Profession/Trade.

A. What's a house of an Eskimo called?

B. A place for the collection of dried plants is called?

C. A place where spirituous liquors are produced is?

D. One who is skilled in the care of hands and feet is what?

E. One who cuts special stones is?

F. One who lends money at exorbitant interest is?

G. One who collects postage stamps is what?

H. The head of a town council or corporation is?

I. One who compiles the dictionary is ?

4. FLOUR is pronounced as _________?

10 sales tactics that work:

1/ Stage out the conversation

One conversation is just that: another conversation.

Land a second, and now you’re being “evaluated”.

Don’t try to jam through everything in the first convo.

Do just enough to pique their interest and land that second meeting.

2/ Do your homework

If you’re pitching a customer, use their product,

Read about the company and the person you’re talking to.

Ultimately, this proves that you will do the work to make their lives easier.

It’s so powerful yet so easily overlooked.

3/ Ask about the decision making process

Who is required to make a decision like this?

What would you need to see from me to be able to buy?

How long will it take to make a decision?

These questions give you the roadmap on how to close the deal.

4/ Don’t always demo

Sometimes it’s habit to jump straight into a demo.

If someone wants to talk first, do that.

This could consume a whole first conversation.

Which gives you a great excuse for that second meeting: going thru the demo.

@this_the_burner @typesfast Yes. Worked for a company who leased floor space to a supplier so they could put in a cage to hold inventory. When the goods passed through the door in the cage to the assembly line, the supplier was paid.

With #ResignKenney continuing to trend, I want to talk a bit about what realistic options Albertans have for holding this govt accountable.

Let's be clear about one thing - there is no way Kenney will choose to resign. There are, however, other ways to take down a leader [1/8]

that has lost the moral authority to govern.

The typical process is to simply vote their party out in the next election. Unfortunately, the next #abvote is not until spring 2023, so w/ their legislative majority, we are likely stuck with the UCP for another 2 full years [2/8]

BUT WAIT!

That doesn't mean it isn't possible to force an election sooner or remove Kenney as Premier! Let's talk about how this could work.

There are 2 feasible scenarios, both of which involve UCP MLA's breaking ranks with their party.

To force an early election, we [3/8]

would need 20 or more sitting UCP MLA's to leave the UCP Caucus, to either sit as independents or join another party, and then vote no on the next confidence motion in the legislature.

However, if the goal is just to remove Kenney as leader, this could be accomplished by [4/8]

a caucus revolt, with enough MLA's threatening to quit if he doesn't resign.

The last time AB MLA's quit a majority governing caucus was in 2014, when Len Webber and Donna Kennedy-Glans left Alison Redford's PC Caucus.

Although only 2 quit, upwards of 10 threatened to & [5/8]

@bburnworth Here’s some background

1. Global Vehicle Fleet

2. Natural Demand for new vehicles to support the evolution of the Global Vehicle Fleet

3. BEV Penetration S-Curve that you already alluded to

4. Evolution of BEV supply based on combining Natural Demand and the BEV Penetration S-Curve

5. Evolution of Tesla volume based on 20% Global Market Share of BEVs

Apologies for tweeting about European Land so much yesterday, but this article was a significant moment for us. For more than 3.5 years we have suffered enormously and this has mostly gone under the radar in the

2/ The Times article is the first recognition of the Reubens involvement in the cladding scandal. From the time we discovered we had ACM, European Land has refused to contribute a single penny towards the remediation. Even after their own intrusive survey showed that the missing

3/ fire breaks and flammable insulation they installed were AGAINST regulations, they still refused to contribute to fix their mistakes.

4/ To make things worse, their aggressive behaviour meant they issued S20 notices against leaseholders and started billing us for millions from as early as 2018 (two years before any remediation works had even started). They then instructed their lawyers to take actions against

5/ against leaseholders and started proceedings against us if payments of £40,000-60,000 were not made within months. The stress and misery this caused us we will never forget or forgive.

I own 7 stocks that are 15+ baggers (and counting)

Here are 10 traits they all have in common:

The data:

Stock / # of bags / purchase year:

$AMZN / 15+ / 2010
$FB / 15+ / 2012
$GOOG / 15+ / 2009
$MELI / 15+ / 2011
$CMG / 20+ / 2012
$NFLX / 60+ / 2010
$TSLA / 60+ / 2012

1: Founder-led

$AMZN - Bezos
$CMG - Ells
$FB- Zuck
$GOOG - Page
$MELI- Galperin
$NFLX - Hastings
$TSLA - Musk

Founders tend to be:
+Detail oriented
+Innovative
+Mission driven
+Think long-term
+Have skin/soul in the game

Look for founders!

2: Consumer-facing

All of these companies attract millions/billions of consumers

This eliminates customer concentration risk and enables long-term brand building

3: High sales growth

All of these companies were growing revenue 20%+ BEFORE I bought them

Sales growth is the engine that drives profit growth

Profit growth is the engine that drives stock appreciation

Find companies that can grow sales 20%+ for decades

11 controversial lessons I learned from my father on running a small business.

While these lessons are not the gold standard.
At times I've seen these to be true.

A Thread.⤵️

1. If you're going to run a business start from the bottom and work your way up.

Knowing how everything works from the bottom up is key to managing properly.

Or in his words, no one can bullshit you when you know what it takes..

2. If you want something done right you have to do it yourself.

Obviously you can't do everything yourself. You have to be in charge of following up constantly to make sure it gets done, and done right.

3. Don't buy anything you can't pay for.

Taking out loans is okay if the work is there to pay it back. The last thing you want is for work to slow down and you'll be stuck with a lease bill.

4. There are three stories. Your story, their story, and the truth somewhere in the middle.

When disputes and rumors start going around. Get all parties involved together to narrow down the truth.

16 key customer service skills.

Why you need these for your business.

// THREAD //

1. Patience

Be patient and listen.

Every customer has their own problem and needs.

Ensure you understand their perspective and be willing to help.

Take your time and provide them the best service you can.

2. Attentiveness

Pay attention to the customers issues.

Work with them and understand what they are seeking.

Take this feedback and improve your business moving forward.

This changes can move your business forward.

3. Communication

Be clear, concise, and to the point.

Communicate your point clearly to your customer.

Make sure they know you understand them and want to help.

4. Know your product

You should know your product better than the customer.

If you don't, you're not doing your job well enough.

Study it until you can sell it in your sleep, literally.

Went to make coffee. Opened fridge to get milk. Now...I was a refrigeration engineer, I had my own domestic appliance business, and I've seen things that would make your hair curl, but...the scene I was greeted by was frankly fucking horrific... 1/?

Everything in the fridge, butter, milk, eggs, some bacon, jars of stuff (except the mustard) had been torn to shreds...and was wet, from the milk presumably, and had turned black...2/?

I just stood and stared. The egg shells were there but broken, empty, and dry. The egg box in shreds. The butter had all gone and the lid had tell-tale holes. The unopened bacon all gone. The tray in tatters...3/?

I'd have taken a picture but it was disgusting...because...there were things in there that weren't in there on Friday. Turds. 6mm long, ovoid turds. I knew what they were obviously, but their presence INSIDE THE FUCKING FRIDGE was, is, troubling...How?4/?

A closer look, and this wasn't pleasant, what with all the black rancid milk and turds, revealed what looked like a hole at the corner of the interior, just under the evaporator..WTF! 5/?

Thread: MyPillow CEO and right-wing fixture Mike Lindell explained his White House visit with right-wing radio host Eric Metaxas (who tweeted hashtag martial law in support of Lindell).

The interview had deranged conspiracy theories, justifications of violence, and more.

The interview starts with Metaxas touting Lindell’s supposed “genuine evidence” of foreign election fraud. Lindell says it came out “ten days ago” on Twitter and starts explaining the conspiracy theory.

Lindell then clarifies that his source for this debunked lie is a conspiracy theory website. Lindell claims Trump won by 11 million votes (he did not).

Lindell lists some countries that he says were involved (China, Iran, Iraq) and then goes into the “algorithms broke” spiel that we’ve heard from Sidney Powell.

Lindell talks about some sort of apparently digital “wheel” that he says was used by foreign countries to change election results. It doesn’t make a lot of sense.

After 5126 failed prototypes over 5 years, any inventor would have given up

But Sir James Dyson stayed put and

- Invented a product which completely transformed the market
- Set up a company with 7 billion $ revenues
- Became the richest man in UK

A thread on Dyson 🧵

1/

1970s - James Dyson was a UK born industrial designer. He was fed up using the traditional vaccum cleaner with disposable bag which would stop working because of dust clogging

He tried using a cyclone based system which would extract the dust without clogging

2/

He even constructed a small prototype & connected it with the traditional vaccum cleaner with bag removed. It seemed to work decently

He presented the concept to many. But most of them rejected saying if the idea was so great, big companies would already have thought of it

3/

1979 - But Dyson didn't give up. He was able to raise an initial investment from another inventor friend and via some loan from the bank

He started developing the cyclonic vaccum system in the shed behind his house.

4/

Between 1979 and 1984, Dyson developed 5126 prototypes before getting the right one without a bag finalized

He tried licensing this invention to the companies in UK and US who can manufacture and sell the product. And give Dyson some royalties on sales

5/

Ray Kroc died in 1984. That year, McDonald's made $9.5 billion in revenue.

Personal net worth? $600 million, about $1.5 billion today.

Kroc grew McDonald's into a brand everyone in the world recognizes, and he started with just one question...

Time for a thread! 👇👇👇

In 1954, Ray was a milkshake salesman. Business wasn't exactly booming.

One day, he called his secretary from the road. To his surprise, someone had ordered six five-milkshake mixers.

Who needed to mix 30 milkshakes at a time?

Ray thought: "What if that's wrong?"

He called the restaurant. The owner was terse.

"What? Six mixers? Yes, that's us. Actually, make it eight! Gotta go!"

Now, Ray was even more confused.

Once again, he thought: "What if that's wrong?"

He decided to drive to the place himself. After a 26-hour drive, he got to San Bernardino.

What he saw was a long queue and people standing around in the parking lot, munching on their burgers.

When he got the front window, Ray ordered a burger, a Coke, and fries.

The cashier returned the food right with his change.

Ray said: "No no, that's wrong! I just ordered!"

And the cashier said: "Yeah, and now, you're food is here."

Big congrats to @nonfungibles on releasing their 2020 Annual Non-Fungible Tokens Report! @NathalieBcht, @latelier & I thoroughly enjoyed partnering with them on it: https://t.co/uNvX18GcQV.
Some key takeaways from the report & my personal observations a/t #NFTs. A long-ish 🧵👇:

MARKET SIZE: The NFT market had a historic 2020 - tripled in value, reaching $250m (in terms of value of all #Ethereum transactions on chain, so actual market size is even bigger). This is rapid growth for a space that’s just a few years old.

Market is still volatile & prone to speculation but more sophisticated use cases are emerging based on utility, community, competitive elements. All are prerequisites for a more mature market. For all the hype around crypto, it is #NFTs that offer some of the more promising uses.

USERS: # of users transacting NFTs is up. So is interest in NFTs more broadly - using Twitter activity as a proxy, the uptick in interest is clear & rose 5x in Nov 2017- Sept 2020 (similar trajectory for #DeFi btw). BUT it's important to remember this is still a niche ecosystem.

PROFIT: Some NFT #Traders are commanding profits in the 100s of thousands. Again, this is still a niche activity. There are high barriers to entry (incl. technological) for non-crypto enthusiasts + asset prices are going up very fast. It's still hard to price and value NFTs.

Thread:
An explosive new criminal complaint against Martin Inacker, the former CEO of @wpmeurocom in #Germany shows Inacker potentially double crossing his #Saudi clients by colluding with #Qatar to cover up Doha's #Hezbullah's sponsorship in exchange for hush money.

According to the complaint, Inacker had kept the terms of his initial agreement with the #Saudi Ministry of Information (following his work with the Saudi Embassy in Berlin) secret from @wmpeurocom 's Board of Directors.

He had used unethical methods to promote a hyperbolized, if not outright mendacious, brochure that was supposed to improve the image of #KSA and the royal family. He had promised a list of high level political and business context to the Saudis as part of his business.

A strategy paper developed by Inacker was leaked to the papers showing unethical, and possibly illegal pressure on ten journalists to switch their "tone" on #KSA as a result of Inacker's lobbying efforts.

However, despite throwing these journalists under the bus, by his own admission Inacker did not appear to have succeeded in pressuring them to "switch their tone". This shows Inacker's duplicity: 1) he lied to his Saudi clients about his alleged success.

Time for #PapersThatMakeYouGoHmmm! A weekly summary of new ML papers from arXiv that make me think one or more of:

1. That looks useful!
2. That's an interesting approach!
3. A business could be built around this!
4. How did they do that?!

How can I choose an explainer? An Application-grounded Evaluation of Post-hoc

Validating Label Consistency in NER Data

A two-stage data association approach for 3D Multi-object

Neural Networks, Artificial Intelligence and the Computational

So I bought two accounts on your service--one for personal use, and one for business use. Please react, large companies!

Microsoft: WHAT THE HELL IS HAPPENING OH MY GOD PLEASE KILL ME AND END MY TORMENT

Slack: You're my favorite two daily active users.

Google: Fuck your business account, why would you pay us? What is wrong with you?

LinkedIn: Has either account tried premium?