thoughts of food

China’s Lukin Coffee brews up fake financials

The company, founded in October 2017, already operates over 3,500 locations. They were compared favorably to Starbucks last year. Now, their recently-listed stock fell 80% after an investigation found the COO fabricated sales figures (like, a lot). | learn more

better doing

Preserving optionality

From Farnam Street: “We’re often advised to excel at one thing. But as the future gets harder to predict, preserving optionality allows us to pivot when the road ahead crumbles.” | learn more

better doing

Improbable things

From Paul Kedrosky: “It’s a big planet and so a lot of weird things that shouldn’t happen, happen all the time. As I like to remind people, on a planet with 7.5 billion people, a billion-to-one longshot potentially happens seven-ish […]