You just gotta baleen in.

“How much” good lord new keyboard help me out

What houcj does it cost to fire a cannon when a ship arrives in a port? Tell me more.

Mo’ by Dick, mo’ problems.

It must suck to be on a shoot with cameras that can register more colors than the human eye can perceive and then the boss says, yeah, turn all that off, we’re just doing gray. Maybe a little red.

It rocks. Also how else do you meet Thenardier and see just how odious he is. And isn’t that where he finds the signet ring?

It's a terrible idea to hire Captain Ahab! He's clearly nuts!

Captains didn't pitch. Whaling was run by merchants, who’d buy ships and hire captains and crews. Yes, they’d sell equity to a handful of rich investors, because ships and ropes and sails and barrels of hardtack or whatever are pretty expensive. Iconoclastic disruptive leaders were highly avoided!

According to Eric Hilt (doi.org/10.1017/S002...) that's all wrong. Captains and crew often got about 20% of the profits, with officers getting bigger shares. They didn’t sink one out of three times; it’s just that most of the time they failed.

Critically, these merchants tried to avoid risk.

"And then the project pickers, the financiers, had to decide whether to back the captain,” Andreessen says. “If they did, they’d give the captain the money to go buy the ship and hire the crew.” The carried interest was “the 20% of the whale that the captain and crew got to keep."

What he said was, whaling ship captains would go to the bars and coffee houses where investors hung out and pitch ideas for a crew and a ship — high-risk, because a third of ships never came back, but lucrative.

OK, fine. MA went on a podcast (youtu.be/qpBDB2NjaWY?...) and said that “The origin of the concept of carry — carried interest, in the venture capital and private equity world ... actually goes all the way back, 400, 500 years ago, to the whaling industry.”

Les Miserables is full of that, too, and I can’t get enough. Like why doesn’t the musical break for panel presentations on industrial change and the carceral state like the book? I paid good money for these tickets.

Exactly right. Lots of chapters where the author turns to the camera and gives a talk about something cool. “I do so much research for this you are going to sit the fuck down and hear about it.”

It begins.

bsky.app/profile/laur...

Go ahead and scroll down. All good.

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