Prompt #2:

#puffpuffpaint

Prompt 1:

#puffpuffpaint

Today's ride went well testing out my new bluetooth helmet (Livall MT1 Neo)

At speeds above 25km the wind effect tends to drown out the audio from the built in speakers, but quality was decent for podcasts and I got through 2 episodes of Bitcoin Audible. Signal controls came in handy to double up on signalling for turns, lane taking and situations where i cant maintain an arm signal due to simultaneous braking on bumpy descents. So far my head is safe from 8200.

On the return I stopped by the skate park to take some photos. Its small but has a bowl and a street section. Some kids were there on bikes.

#outdoors #fitness #cycling

I try to tag you sometimes and it’s hard to get you I always gotta do your npub

Mornin Nosties

Giants wbu?

Happy #Football Sunday

Ever wonder why companies don’t try to make money anymore?

It’s all about corporate debt and “stakeholder equity”

A company cannot be viewed as having a likelihood of defaulting on

It’s debt. In order for that to happen, they have to be eligible for a bailout if things really do go badly.

So companies need to commit significant resources - just about all they have - toward being “worthy” of a bailout should the time come. This entails malinvestments of time and effort such as DEI, Climate, etc. and generally being on the good side of the state and those who determine who gets bailed out.

You know who’ determines who gets bailed out? Think Blackrock.

So all of these unproductive projects ate sucking resources, as a priority above making money.

Additionally, companies are at the gunpoint of the centralized voting proxies of asset managers like Vanguard, State Street, and Blackrock. No company’s board wants to be ousted by these people.

These people who have nothing to do with these companies - just custody the assets of their investors - end up driving the fulcrum of governance at all of these companies to the end that they are no longer allocating resources to profitable projects in fear of upsetting these terrorists.

Companies are violating their fiduciary duty to their shareholders en masse and nobody seems to be doing anything about it.