2020 has been a horrible year for most people. Working people, that is. With oligarchs…that’s a different story. They gorge and gaggle on on their fat-cow munchies.

The markets have performed surprisingly well (markets don’t care how many people die of Covid, people) , and nothing bested Tesla. Tesla bulls are in haven. Since 2018, Tesla has surged some 1,276%. [Still] The most-shorted stock in history, Tesla is now the 6th biggest company in the U.S. It was added to the S&P 500 Index on Dec. 21.

Tesla (ticker: TSLA) is only the sixth company to reach that milestone[over $600 Bn] in U.S. markets recently, according to Dow Jones Market Data. The others are Amazon.com (AMZN), Facebook (FB), Apple (AAPL), Google parent Alphabet (GOOGL) and Microsoft (MFST).

Barron’s

Other than Tesla, of course we know food taxi companies like DoorDash as well as apartment taxicabs such as Airbnb did extremely well this year.

There were other developments in 2020 we have addressed here such as the SPAC Goldrush.

On this blog, however, we don’t write market updates or research.

My focus is bringing forth the knowledge and fortitude rulers hide from their minions. Restoring masculinity and the virtue of the Paterfamilias.

Except that is not. From WSJ Movie Industry’s Troubles are Far From A Wrap:

“No Time to Die is being moved from next month to April 2021. It was the last major release that could have propped up business for theater chains this year. U.K-based Cineworld said Monday it will be suspending operations at its U.S. theaters. Some 44% of US theaters haven’t reopened, according to Comscore. The ones that have aren’t drawing much of a crowd. According to Box Office Mojo, last weekend’s total domestic box-office was more than 93% below what October 2019’s weekends averaged.”

WSJ, @Dan Galagher, Oct. 5, 2020

“…major insurance providers aren’t willing to cover Covid-related shutdowns.

…Once coverage becomes available, the broker estimates Covid-related insurance and safety protocols will add an incremental $26 MM to a $100 MM film budget.”

WSJ

You can read the rest of the article yourself.

What it means for us is that my movie project, unfortunately, is being delayed indefinitely.

Newsworthy for you and me:

Portrait of a finance columnist (NY Times)

Shaq, MLK’s Son, Former Disney Executives Team Up to Create SPAC

Forest Road Acquisition plans to make deals in media and tech sectors

“The regime of testing for the several hundred producers, set designers, painters and carpenters will cost more than $1.5 MM a month once cameras are rolling and several 1000s are on the set said the studio chief executive, Frank Patterson.”

Wall Street Journal

This production company believes testing expenses “will eventually qualify for the state’s film production tax credits.”

“Workers at Pinewood Atlanta report for testing days before they are scheduled to be on the lot to allow time for results to come in. A nurse performs a nasal swab for the first test; if that first test comes back negative, subsequent tests are conducted via saliva samples.

All workers on Pinewood productions have to answer health questions via an app on their phones. A completed questionnaire and a negative Covid-19 result get an all-clear code on the app, which workers present at the checkpoint atthe studio. To open doors on the campus, workers must scan a badge; the badges only work of the weare has received a negative test result.”

Wall Street Journal

As we endeavor to move forward with my movie idea, things surely are complex.

On this blog I’m giving tips on how to rise above the crowd, how to conquer your limits, your limiting beliefs and those people standing between you and your goals. TK  is shown to be ambitious to a fault and an all around alpha -male. In his article previewing his book, Adam is trying hard to answer the question “Is TK really an ‘asshole’ ?” Adam Lashinsky did his research on TK, studying him for over a year.

Quoted from the article: “He likes to play it loose, to at least affect an air of spontaneity.” -Spontaneity or the illusion of it is very important in the likeness quotient of a leader. We are told TK does not disappoint.

TK has some austere office settings on the 11th floor that houses Uber’s hq. that he calls the “cave”. This minimalist office setting “is a metaphor, because when you  have hard times you’re in the dark literally in some dark place.” So TK arguably harmonizes his exterior to his interior environment.
On the 5th floor Uber has sci-fi themes inspired conference rooms and hallways that lead there “being confusing”. Adam says in TK’s view “disorientation is good”.

“Everybody’s got their red line.” (push-over limit). “You might find you’ve got more under the hood than you thought.” A leader that can push through the limits.

Bradley Tusk (a consultant who has worked for Uber in the past) is quoted about TK: “He understands to achieve really big things, you’re going to piss a lot of people off.” Let’s be clear. That is a truth speller but only stated as a truism. No hard facts there from Bradley Tusk’s NY Magazine interview.

“Someone willing to say exactly what he thinks, empathy be damned, will be judged harshly.” Welcome to my world, Travis.

After the walk with the Adam, TK summons a ride that understandably concludes in the requisite popularity nod. (TK back and forth with the driver on what were the driver biggest pain points).

Uber nowadays seems busy dealing with the concerns of a big company: presumably unhappy people, people allegedly misbehaving, unwanted media attention.

Reality check

For a company with 12,000 employees, 215 employment claims of harassment [or otherwise ] is a very low rate. Out of these 215 alleged claims some 100 have been investigated resulting in 20 [up to 37 in some reports] layoffs. Is there a snowballing effect coming ? I don’t think so.

The real problem with Silicon Valley employment practices

The problem in Silicon Valley isn’t sexism as you are led to believe from the headlines. The problem in Silicon Valley is elitism bias where hiring is done routinely and exclusively from the top seven BS (Business Schools in this context, although it could also mean bullshit): known as the M7 schools: Harvard, Stanford, Wharton, Kellogg, Booth, Columbia, and MIT Sloan. A friend of mine told me Google doesn’t hire you unless you went to one of those schools. If that is true, it is sad. If that is true, it is discriminatory against some of the best people. TK is an outlier, he went to UCLA, not Stanford. Could it be that’s one of the reason the Valley doesn’t like him ?

But nobody cares

The human resources problem in the technology world is a secret that nobody talks about. It is a secret kept under wraps, shared by many, if not most, in the tech industry.

Hear me out

What do you do if you didn’t go to the M7 schools ? 

What do I do, Mr. President and CEO ? Turn into a cow and eat grass ?  Eat s**t ?

I care because I look to equip the least favorite (“underdog”) fight the incumbent (boss). The incumbent know they have an unfair advantage (whatever it may be: genetics, education, wealth, situational) -which to them is fair. To you it is not. How do we sort this out ?

Adam Lashinsky is taking pains to portrait TK as aggressive, insensitive, whatever. I feel it would have made more sense a title like “The tech CEO who didn’t go to Stanford.” I mean, where have you seen a successful and non-aggressive CEO ?  In Alice in the Wonderland ?

To quote Lewis Carroll in Alice in the Wonderland: “If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?