The battleships went away for a couple of reasons. The 1-2 bricks they could lob 20 miles had about a 1% chance of a hit. Plus the explosive content was tiny. So guns sucked and were replaced by torp… (View Post)

In the age of the $100 precision guided weapon, train lines for logistics are a monument to persistent stupidity. (View Post)

Why not both? (View Post)

I know this is crazy populist reactionary fascism, but what about doing something? As opposed to talking about doing something. (View Post)

Private Equity isn’t Venture Capital. In fact it is something close to the reverse. Huge piles of cash looking for a certain return. Buying a going concern and finacialising it is a certain return in… (View Post)