I'm teaching a class on race and after reading bell hooks we've moved on to @JohnHMcWhorter. Fact: liberals/progressives generally will never critique the poor moral choices of disadvantaged blacks and tend to blame black morality on "white racism." https://t.co/GEvSKupDox via

Meanwhile conservatives, generally, struggle to confess that Jim Crow was a (Christian) conservative movement. This is why we can't make any progress in 2020. The idea that black people *and* white people *both* have zero moral culpability on our past or present is fiction.

It's not "racist" for a white male to say black men in urban areas commit more crimes in their own neighborhoods and, therefore, are more likely to have contact with police. And it's false that men who commit violent crime & property crime are only doing so because of poverty.

Yes, evangelical Christians, in Jesus name, supported and defended Jim Crow, resisted integration, and struggle with white nationalism as an idol in 2020. Absolutely! Many of their pastors are cowards for never addressing or aiding and abetting it.

Yes, there are cultural patterns in disadvantaged black communities that are not derivative of white racism but emerge from the fact that black men & women, just like white men & women, chose, on purpose, actions that lack virtue & wisdom. Why? B/c all humans are morally flawed.

1. The hot take that "D's need to learn to talk to the other side of the electorate" is absolutely the WRONG take.

I mean my god. Biden, Lincoln, the outside groups: they threw the best persuasion messaging in the history of persuasion campaigns at them.

What Ds need to do is

Thread – The Buffoon in the White House (Irony)

1. A pal passed this to me the other day, and I saved it for today. The author is unknown (at least to me), but this has been posted on a number of blogs. An excellent read!

Election day in US; to skip the politics and get straight to the money, here's our quarterly update. How do gold, silver, and government fiat money compare with bitcoin's 21 million? #Bitcoin is the 10th largest money in the world, ex-gold & silver. This is update #10.

2/ Bitcoin's monetary system marches on its continuously-lowering coin emission; meanwhile, other world monetary systems' units inflate, either naturally (like gold & silver ounces), or via monopolistic privilege (like government fiat money "printing").

3/ What follows isn't a lesson in stimulus or bailouts, whatever the world faces. It's an attempt at painting the monetary landscape around the globe. The dollars, euros, and yen we're all familiar with, collectively, are worth $25 trillion. This is an exercise in perspective.

4/ As many know, the response from governments worldwide to Covid-19 has been drastic, so expect big moves. Also interestingly, central banks have been much slower to update their data these days.

5/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash… and a digital cash component. Bitcoin may be base money of the future. Before we get to the charts, it's important to clarify a few common misconceptions in money.

I worked late into the night on Election Day 2016. I remember the shocking news of Trump's victory reaching Clinton campaign headquarters, her supporters howling in anguish and sobbing. Many of those images have been sarcastically memed over the years since that night.

Thread – Excerpt from a Ross Rant (Election-related)

1. These following are excerpts from a recent “Ross Rant.” Joel Ross publishes these periodic reports that provide commentary on the changing scene with an eye toward wise future investments.

2.

There never was going to be a new stimulus deal. Pelosi did not want to do anything that might help Trump, and she was hoping to trap McConnell, and make him look like he killed it so they could argue the Dems need to control the Senate.

3. My sense is that backfired. It is clear to most that she is the problem, and why, and that she does not give a damn about the people who are suffering. It is all about getting power. Unfortunately, Wall St kept being fooled thinking there would be a deal.

4. So the market was up and down depending on which false rumor they believed. Classic Wall St. Buy on rumor and hope. Sell when it does not happen, then buy again. Trader’s dream.

5. The EU is now in the midst of a major virus surge and that will kill any hope of a near term economic rebound as lockdowns get put back on. While in the US there are a few stories of hospitals in rural areas getting to capacity, reality is, most of the US has lots of capacity.

I am going to be using #bitcoin & borrowing from myself to buy my first rental property.

Want to know how?

Time for a thread...👇🏻👇🏻👇🏻

At the beginning of 2020 I set a goal for myself to accumulate as much #bitcoin as possible.

Now this thread isn’t really about whether or not you believe in bitcoin, but more about how to use leverage and other peoples money (OPM) to buy yourself more assets.

Let me explain...

Step 1 - I took all of 2020 to accumulate #btc and put it on an exchange (Blockfi) that pays me interest on my bitcoin.

Not only have I acquired multiple coins this year, but I’ve created a $100+ gain per month in interest as well (another source of cashflow).

I can now utilize this platform to take loans out against my position (which is in the mid 5 figures.)

Double winning:

I can take a $ amount loan out against my bitcoin and use that to pay the 15% down required on a rental property and allow the bank to pay other 85%.

How I am winning #1:

I am borrowing from myself and a bank to acquire another asset.

That real estate 🏡 will be paid for by someone else and produces more cash flow for me.

I will use that cashflow to immediately pay off the loan I took against my bitcoin.

Unless we pass laws which support people to enable them to self-isolate properly, any improvements to test & trace will have marginal impact and cases will simply spiral out of control once again as we ease lockdown in December.

A short thread on what we can do and why 👇
1/

Improving the currently poor rates of self-isolation is actually the key point, which many scientists, politicians, & commentators do still seem to be missing.

This requires good public health communication, proper support for those who need to self-isolate, & trust.
2/

Massive testing and tracing will only significantly reduce
transmission if positive cases isolate effectively. Yet
currently fewer than 20% of those who should isolate are fully adherent.

I don't think I need to explain why it's so critical to improve these rates.

3/

Survey data shows intention to adhere to test/trace/isolate behaviours is higher than self-reported adherence: whilst 76% of people intend to share contacts, only 50% of people correctly recognise symptoms &
just 12% get a test, 18% isolate, & 11% of contacts isolate properly.
4

Self-reported ability to self-isolate
is three times lower in those who earn less than £20,000 per year or have less than £100 saved.

5/

Today in #GRAHAMNC I went to a permitted March to the Polls lead by Rev Drumwright and others. Starting at a Black AME church, Rev Drumwright started the march by asking folks what our intentions were. TO VOTE the crowd chanted. Its the last day of Early Voting in #NC.

We then marched, escorted by police, about half a mile towards the center of Graham, chanting and singing. We moved slowly, because of the many elderly folks and families with small children. Graham is a small town in #AlamanceCounty.

Alamance County is known as "No Chance Alamance" because of rampant inequality and a judicial system generally known to be hostile to Black and Brown folks, and poor white folks. We believe that we can change that at the polls this year.

As the march approached the center of Graham where a large Confederate statue is, we kneeled in rememberance of George Floyd. His neice and nephew were in the crowd.

Moments after we were done kneeling a police officer started to yell that we had to be off the street. Folks were confused because we had been escorted there and had a permit. I moved my child up onto the sidewalk. They started pepper spraying us. My child couldn't run because

In light of Sean Connery's passing, I thought it would be appropriate to pay tribute to his star-making turn in Dr. No. It truly is a brilliant multifaceted performance that commands the screen and sucks in the viewer. /1

There is of course his debut scene where Connery is incredibly magnetic. Look at the little smiles he gives, the walk, the magic ability of talking while dangling a cigarette and still not looking silly. Everything about the scene draws in the viewer. /2

But then Connery shows dimension in his next scene with M. A lesser actor would have kept up the confidence level, but here Connery plays it more humbly. It's not that he is a different person, but it is clear this is a different situation and thus Bond acts differently. /3

The death of Mr. Jones is also masterclass for Connery. When he finds out Mr. Jones is a henchman, he just gives a little smirk as if he almost prefers this. Then he casually gives a one liner about Mr. Jones' corpse. Thus, the viewer knows Bond has done all this before /4

There is of course the famous "you had your six" scene. What is striking about it is Connery's face and whole demeanor. It's utterly cold and unflinching. Again, we see that killing in cold blood is nothing new to Bond but he also doesn't revel in it./5

Saturday thoughts on funding: Where it helps. Where it doesn't. And how it affects team, success, and PM fit.

This is just my $0.02 after looking reviewing 30k+ early stage startups personally and having led 350+ investments across 2 VC firms & as an angel.

Let's begin! >>

1) Money is great to have in building a startup (for the least dilution and pain possible) That's true and always will be true. 😆

But just like how money can't buy you happiness, it also can't buy you PM fit.

2) PM fit is the holy grail for software startups. (we're not talking biotech - if you have a cure to cancer, I guarantee you everyone wants it).

But for software startups, it's unclear if ppl want your product at your price pt.

3) If you don't find PM fit, in this day and age, you will be able to get some sales. Maybe even say $1m in sales (or more!) per year, and you can still make a living.

But having sales does not mean that you have a repeatable customer acquisition process that can be sustainable

4) As an aside, that is why we invest at pre-seed & don't care about startup traction, because I don't believe traction at the earliest stages suggest PM fit. Traction only shows that a founder can execute (& that's impt too) but there are other ways to assess execution earlier.

In 1937, a trucker got frustrated waiting for his cargo to be unloaded. He later sold his company for $1.1 billion.

Here’s the story of how Malcom McLean made a billion dollars and which startup could be following in his footsteps. (Inspired by our episode with @laurabehrenswu)

In the early 1950s, the shipping industry was a dying business.

New York’s docks were handling half as much domestic cargo in the early 1950s as they had been in the depressed 1930s.

In thirty years, no one had invested significant money in coastal shipping.

Why?

As McLean found out, loading ships was difficult and slow.

A truck or train would deliver items to the port. Each item was unloaded separately, recorded, and carried to storage.

When a ship was ready, each item was taken from storage, counted again, and hauled on-board.

The cost of this labor was significant. As one expert at the time explained:

“A four-thousand-mile voyage for a shipment might consume 50 percent of its costs in covering just the two ten-mile movements through two ports.”

Yet, despite the industry’s issues, it felt little pressure to change.

Foreigners were barred from operating domestically. Cartels ran international routes. And gov. subsidies eased the pain of labor costs.

Reshaping the industry needed an outsider.

Enter Malcolm McLean.

THREAD (WOW!)

1) If you want to watch a Coordinated Media Disinformation Campaign play out (just like the Trump-Russia Collision Hoax), there's one playing out right now in real

2) @TWPundit Exclusively Reported 10/13

"expect to see multiple...stories related to Turkey which will...be tied together by a massive “bombshell” piece in the @nytimes ...near election day in a well-coordinated smear campaign"
Yep, the piece just

3) The Turkey Disinformation Campaign is following the exact same playbook as the 2016 Trump-Russia Collision Hoax, and with all the same

4) In 2016, there were 3 separate stories related to Russia’s connection to @realDonaldTrump that dropped on Oct 31st.

Article #1 from Soros-funded @MotherJones by @DavidCornDC about @carterwpage alleging he was a secret Russian operative. Fake

5) Article #2 from @FinancialTimes about @SergeiMillian and his connection to Trump Tower projects

In Academia, people aren’t always supported when they need it. I want to share what @WesternU did when my husband died right after the pandemic shutdown. It should be shared with other uni’s as a model for empathy and proactive care when someone is in crisis.
1/
#AcademicChatter

Some quick reactions to the new lockdowns in Europe.

1. The degree of uncertainty is much higher than in the first wave. In the first wave, the (incorrect) belief was that the infection rate would quickly decrease and remain low thereafter.

"Who likes to fire crackers during Diwali?" asked the teacher.

About half of the nine-ten year olds in the classroom raised their hands.

"You should be ashamed," chided the teacher. "Crackers are harmful to our environment!"

The ones who did not raise their hands felt proud.