“What he hates is the governance heâ€™s observed as a public company investor that he views as commonplace among tech companies. His specific gripe? Tech companies never pay out their earnings as dividends. His view is that there is no way to be a truly long-term investor in tech companies because management never allows companies to transition from growth companies to mature, income-oriented ones. The only way to win is to get in and trade out when you think the cycle is peaking.”
Money response, re: what Hitchens and Totten see as the coming conflict with Iran:
The existence of theocratic regimes that have illegally acquired weapons of mass destruction, that are war with their own people, that are exporting their violence to neighboring countries, sending death squads as far away as Argentina to kill other people as well as dissident members of their own nationality—the existence of such regimes is incompatible with us. If there is going to be a confrontation, we should pick the time, not them.
People who don’t think twice about brutalizing their fellow countrymen aren’t about to stop what they’re doing because we ask them nicely.
See anything familiar in this video?
The new way to assemble a career.
More wisdom from the irascible Christopher Hitchens, interviewed by Michael Totten:
“The essence of totalitarianism is that it’s systematic, thorough, and absolute, but it’s also unpredictable and capricious.”
Hannah Arend couldn’t have said it better. Read the whole thing.