Founder | @dropthehands | @ebmitchellgolf | concertedus | -Execute all day everyday.
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Gerard Mitchell retweeted
We are deeply saddened by the passing of the legendary Roy Ayers. A true innovator, Roy shaped and revitalized the musical landscape across generations. His sound became the backdrop to every era he graced, with Everybody Loves the Sunshine serving as an anthem for so many of us.
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Gerard Mitchell retweeted
This $18 million Invisible House is the most expensive listing in Joshua Tree — and it's already a money-maker cnbc.com/2023/05/18/inside-j…
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Gerard Mitchell retweeted
I’m British.
I recently spent 10 days in the USA for business.
And discovered the ocean between us isn't water.
It's mindset.
7 uncomfortable truths about US v UK culture:
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Gerard Mitchell retweeted
Was the best time ever 🙌🏿! Dream come true to work with @Beyonce and @RhiannonGiddens & Raphael Sadiiq
Robert Randolph, who plays steel guitar on Beyoncé's "16 Carriages," talked to Rolling Stone about being recruited to play on the song.
More details from inside the studio session: rollingstone.com/music/music…
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Gerard Mitchell retweeted
Brightening up your Blue Monday with a @KevinDeBruyne Griddy! 😎
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Gerard Mitchell retweeted
KEVIN DE BRUYNE ASSISTED OSCAR BOBB FOR THE WINNER AND SCORED A GOALLL I AM SO ALIVEEEEEEE
سوووووووووووووووبر
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Gerard Mitchell retweeted
I just published a new business blog The Dark Side of Sales about how to prevent the unintended consequences that powerful incentives can create. While a strong incentive plan is necessary to motivate and retain the best salespeople, it can go awry if not carefully managed. 🧵
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Gerard Mitchell retweeted
There is a US corporation that has a $50B balance sheet, generates a 10% ROIC (~$5B of income per year) but has also convinced the US Government that:
a) it shouldn’t pay taxes and should be treated as a non profit
b) despite making billions more than necessary to cover costs, only spends the government mandated non-profit minimum of what it makes every year, creating an artificial $1.5B deficit
c) then asks the US government for help and gets $1.5B of taxpayer dollars every year to cover the gap that they could cover by themselves but chooses not to
d) while getting government funding, has been accused and found guilty by tue Supreme Court of systemic racial discrimination towards minority groups
This corporation is called the Harvard Corporation.
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Gerard Mitchell retweeted
This book is changing the face of Main Street U.S.A.
Elite MBAs, corporate leaders, and military veterans are forgoing conventional career paths, choosing instead to reshape Main Street through acquisition entrepreneurship in record numbers.
These are people who historically would have gone to Wall Street or Silicon Valley, and worked for global institutions or pie-in-the sky startups.
Now, inspired by the wisdom of the HBR Guide to Buying a Small Business, published for the first time in 2017, and the opportunity presented by The Great Wealth Transfer, these individuals are not just taking charge of existing businesses—they're transforming communities and creating enduring value.
What is an "Enduringly Profitable" business:
1. Profitability & Longevity: Steady, year-after-year profits with a proven track record.
2. Revenue Sweet Spot: Annual revenues between $5 million to $15 million and cash flows of $750,000 to $3 million.
3. Loyal Customers: A solid base of repeat customers, often accompanied by high switching costs.
4. Market Niche: Limited direct competition and a strong, defensible market position.
5. Resilience: Ability to withstand economic fluctuations and maintain steady growth.
Examples of Enduringly Profitable Businesses
1. Commercial cleaning
2. Tree-trimming
3. Commercial landscaping
4. HVAC
5. Plumbing
The landscape of small business ownership is changing.
We have worked with active buyers in random small towns all throughout the U.S.
At Harvard, Standford, Wharton and Chicago, the ETA clubs have become the largest student MBA clubs by headcount and their annual conferences are now drawing thousands.
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Gerard Mitchell retweeted
This is what Chinese cities look like.
We can deny that they are ahead.
Or we can build startup cities to get back in the game.
Non-Consensus View:
The visit of China’s premier js a symbolic bending of the knee.
China is capitulating.
@balajis is not reading this correctly
Why? China is hurting.
- China’s currency is under pressure as capital leaves at the fastest rate in 7 years
- FDI is down to 1998 levels
- Exports are down significantly due to friend-shoring
- Semiconductor export controls are not yet throttling China…but they have come up to the line
- China’s Ali Baba and tech leadership cannot get their hands on advanced GPU chips
- China’s birth rate continues a decline that spells industrial mediocrity
Why visit California?
And meet a ‘Provincial Governor’?
California is the state whose IP is most at risk of corporate espionage.
And China needs US semiconductor designs.
What about US Bonds?
Sec’y Yellen has ‘intensified’ talks with her finance counterpart.
The US needs to sell bonds at better rates. The US can then also import from China.
The capital account and current account worked together beautifully for decades.
And Semiconductors?
China imports more semis than Oil.
And the US is controlling exports, but not killing GPU exports. That would be the next escalation - it’s a clear threat.
China is pouring more money into semiconductor startups than the US.
But the US and Taiwan have the technical leadership and edge… too little too late.
China and US Relations?
Visits don’t often happen without some news announcements - trade deals, understandings, or a rapprochement.
Engagement is constructive.
They are bargaining on American soil.
The China Premier is making Nixon’s trip to China many decades ago a complete circle.
The symbolism is thick and my have substance.
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Gerard Mitchell retweeted
"I think a life properly lived is just learn, learn, learn all the time."
— Charlie Munger
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Gerard Mitchell retweeted
Nathan Ake’s first half by numbers vs. Liverpool:
97% pass accuracy
38 touches
29/30 passes completed
9/9 final third passes completed
3/4 ground duels won
2/3 tackles won
1 key pass
1 big chance created
1 assist
What an assist.🔥
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Gerard Mitchell retweeted
OF COURSE IT'S ERLING HAALAND
x.lingyaoai.com/d7em10_M/status/172839…
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Gerard Mitchell retweeted
HALF-TIME | Two superb goals give us a lead at the interval! 🙌
🔵 2-0 🌳 #ManCity
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