{"type":"rich","version":"1.0","author_name":"Stu (npub1w4…zprhz)","author_url":"https://nostr.ae/npub1w4swqedal6gcw23ndd93tkkdy3zj2l6zjdjvzrhu8rnw0k8lc8lswzprhz","provider_name":"njump","provider_url":"https://nostr.ae","html":"We bought some stuff and we sold some stuff.\nWe are just ruthlessly systemic and efficient.\n\nOne of my favourite lessons though is that speed of turnover is what matters, not margin.\n\nReturn on capital = margin ^ turnover cycles \n\nSo we are starting with stuff that is high value density, fast turnover and we are saturating out those opportunities before moving into more scalable things.\n\nThink we underestimated the addressable market for our first stage though, so we are overachieving at the moment.\n\nGood business just boils down to math. \nPeople complicate it with moronic stuff and feelings.\n\nBut I’m an MEng^2 + MBA so you probably shouldn’t listen to me. Very not cool."}