Entries by Nate

The future is already here — it’s just not very evenly distributed. —William Gibson

Margins vs. Cashflow

Working through a business model problem—incredibly small margins but has opportunity for significant cash-flow. One of the best indicators you can look at in value investing is EBIT / Enterprise Value. EBIT is Earnings Before Interest and Taxes (amount of cash the business generates before financing/tax) and Enterprise Value is the amount you’d have to […]

The Earth as an Egg

This cushion-for-error of humanity’s survival and growth up to now was apparently provided just as a bird inside of the egg is provided with liquid nutriment to develop it to a certain point. But then by design the nutriment is exhausted at just the time when the chick is large enough to be able to locomote on its […]

Hiroshi Sugimoto — Le Monde est Mort @palaistokyo

Hiroshi Sugimoto is best known for his photography, which consists of beautiful yet often haunting images of water horizons, wax figures, buildings, abandoned theaters, and dioramas. Le Monde est Mort, his latest exhibit now showing at the Palais de Tokyo in Paris, is something different. Not merely a photography exhibit (though photos from Sugimoto’s own collection […]