Cycling to nowhere

These days it is amazing what Wall Street hustle can produce. Today a stationary cycle company called Peloton (meaning a group of cyclists in a race) hit the stock market in debut trading and attained a valuation (or market cap) of $7.5B ...

Put that in perspective it is 20% the market cap of Ford Motor company. Imagine that.

For little over a million people who own this so called stationary bike the confusing world of valuations believes that they are worth a fifth the value of Ford Motor that has been moving people all over the world for the past 100+ years.

Dang. Henry what were you (not) thinking back then?

LOL.

The world today is made of whatever pipe dream you can sell to consumers of all kinds. Whether it is to those that are vain and will pay up for any trick that promises instant weight loss and a jealousy inducing gram on Insta to those salivating on the idea of making quick bucks trading anything that IPOs on the exchange.

I for one am clueless about what valuation really means and therefore remain an amused ombudsman taking in the banter on the street.

Comments

On the go(zay masta) in Japan again

Cool cat the Japanese are Tokyo at dusk My second visit to this land of the rising sun after almost a decade. Back then clearly I was wet behind the ears product manager and likely didn’t pay attention to all (efficient) things Japanese. But today I did and of course continue to be impressed. It is as much the obvious stuff like on time travel that is both clean and comfortable and all that which makes it possible. The impressive landmark and landscapes that these humans have put together despite their cramped (or because of it) surroundings and precarious geological conditions could amaze a novice architect among us. But it’s also the little things that someone had to think about which have a phenomenal impact on day to day lives that make the Japanese stand apart. Below are few random examples- 1. Providing a very fine machined wooden toothpick in every packet of wooden chopsticks. The said chapsticks are simply set on the To Go counter of any food vendor/ convenience store wher...

Presumptive Society

Today's world is hyper connected. I am not so sure what it means but you hear it a lot. It is probably hyper but not sure how connected it is. Sugar (fermented or not) is available in many ways than before and so getting hyper is easy. It is probably more a threat than cocaine since it is sold legally. And what is this connected stuff? Most people I encounter seem disconnected from reality. So going back to this assumption that we are connected there are subtle and no so subtle instances of how brands and companies and middle men try to portray someone - A linkedin profile for somebody working for X years at a place advertises to the connected network that so and so is CELEBRATING X years @ Such and Such Inc. Do we know if (s)he is celebrating or cringing? Perhaps a better way to portray will be - So and So LASTED X years @ such & such inc. Then it exhorts the readership to go ahead and congratulate them for this lasting effe...

A few good books

On an informal mission to read one book a week as long as the eyes allow for such ambition. Fiction or non is not important as long as it entertains and /or educates. To that end the past few weeks have brought a bounty in the form of some wonderful and then not so engaging literature. Among the notables are - Non fiction category: 1. Good arguments by Bo Seo (how to handle a dispute or debate the most efficient way possible) 2. Genesis by Eric Schmidt (and former US Secy of State Henry Kissinger, who recently passed) - how AI might affect our lives as we know it 3. One in a billion - Zarna Garg (an autobiographical look at an Indian born American woman with a bindi narrated in a standup format - yes it is at times cliched but still funny) Fiction: 1. Personal by Lee Child (a vigilante story with Jack Reacher the giant, nomad protagonist of Child's novels goes hunting for a sniper) 2. Ramayana unraveled by Ami Ganatra (she might disagree about it being a work of fiction but oh wel...

Brown Motion

Search This Blog