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  • The Jan. 6th insurrectionists who thought Trump was going to pardon them all because they were heroes.

    • Or that they were doing the middle class any favors by fucking up the nation's credit score (as it were) with their smooth-brain fuckery. 🤦🏼‍♂️

  • Elon acquiring Twitter for $44B in the first place, not taking into account the subsequent blunders. He not only overpaid too much for a social media company without even understanding it, he also wrecked Tesla's stock price as investors saw he was clearly spending too much time on Twitter and he had to panic sell Tesla shares to fund his Twitter adventure. He easily wiped out hundreds of billions from Tesla's market cap during that time.

  • In terms of money and business, my fav is how Xerox didn't know how to market/capitalize on what was effectively the first personal computer before personal computers were even a concept, which is estimated to be a $1.4 trillion mistake.

    • This Xerox Alto restoration series is a really interesting reflection on that. Here's the point in the series where they finally get it running. https://www.youtube.com/watch?v=9OQMhvArI9g

      Yeah, Xerox made revolutionary progress. But it appears that their proximity to a viable consumer product is a bit exaggerated. It really did still take another set of eyes and minds to wrangle it in. I think if they did release it sooner, and without the leaks, the next competitor still would have seen that and soon come along and done a better enough job to nullify their first-mover advantage.

      Those days were chock full of companies that ended up just contributing to the zeitgeist of computing without themselves reaping in the glory.

      I think Steve Jobs' comments about what Xerox could have been... Is largely him stroking his ego that he and Apple pulled off what they couldn't.

      I don't think Xerox would be the Mac of today in most timelines.

    • Thanks for sharing, I remember this from a documentary on Steve Jobs.

  • Long-Term Capital Management was a hedge fund founded in 1994 that had notable academics and Nobel Prize winners on its board. It was very successful in the early years (while critics warned of the risks) and eventually collapsed in 1998, losing $4.6 billion in a matter of months due to its leverage and impacts of currency crises. The US government stepped in to shore up the financial system. It's taught as a case study in how a strategy can post impressive returns but quickly turn into a wipeout.

213 comments