Catching up on The Stand and woooow they truncated Nick's story a whole bunch. Damn.

The stuff this adaptation considers extraneous is baffling.

#Suven – Journey of my first 50 bagger…

I bought #Suven first in Apr 2013 around Rs 20…today after almost 7.5 years, its Rs 1000 (Suven pharma 920 adjusted for bonus + Suven Life 80)..CAGR of almost 68% for 7.5 years. I am fortunate to hold it throughout the journey and

1/n

add on multiple occasions on way up. Like to share my experience in this thread for everyone’s benefit..

First time I bought because I like the management focus on R&D. It had chosen the most difficult therapeutic area in pharma which is CNS and it was investing the cash

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flow it used to earn from CRAMS. It also used to write off all the R&D expenses in the P&L instead of capitalizing it in BS. That gave me lot of comfort about management quality.

I kept on adding as funds keep coming. I remember giving a public presentation on Suven in

3/n

Mumbai at one analyst meet in Nov 2017 when it was trading at Rs 160. There was a huge call option embedded at that time in the form of SUVN-502. That would have been the blockbuster molecule if succeeded with market potential of $10 Bn plus..result was due in Dec 2019,

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I loaded around 250-300 knowing the value of CRAMS business itself is more than 300.

SUVN-502 failed in phase-II trials, stock was down 15% from 300 to 250 in a single day, I added heavily. it was largest allocation in my portfolio because I knew the value of CRAMS business

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The public supports less policing and prisons but Harper invested in social discord.

Policing, Prison and construction were linked under the Harper Government.

Richard Bird was VP of Enbridge and he also served as a member of the Canada's Federal Minister of Finance's Advisory Committee on Financing and currently serves as chairman of the board of directors of the Alberta Investment Management

Richard Bird, a former VP of Enbridge is linked to Ecopatrol, missing money and a massive sex scandal in Colombia and Prison Schemes with bid rigging, corruption and collusion.

There was bid rigging corruption and collusion during Prime Minister Harper's term as they invested in private prisons across Canada. Read here. This mentions Bird Construction Inc. Richard Bird was VP of Enbridge Pipeline Inc.

X : Do you think cloud will decentralise?
Me : Already has - started with regions and AZs and is now rapidly expanding into outpost, greengrass, EKS anwhere.
X : No, I mean many providers.
Me : There are two forms of decentralisation - provision and control (i.e. authorities) ...

... what is happening is decentralisation of provision (i.e. cloud everywhere, at the edge) but under centralised authorities (Amazon, Alibaba, MSFT, Google etc).
X : What about decentralisation of control?
Me : Many companies working to a common standard ...

... that was the dream of OpenStack but they blew that on day one creating a collective prisoner dilemma. They are trying to recorrect this with K8s but the cloud has moved on, higher up the stack ...

... so, the idea of a marketplace of many different companies each having authority is ... wishful thinking by past vendors and clients they've hoodwinked. Maybe in 15-20 years we will get another go ... open source is a long game ...

... more likely is many points of provision i.e. companies offering EKS anywhere on a utility basis but under centralised authority e.g. AWS.

So, yes, the cloud is going to edge, has been for sometime but it'll be AWS / Alibaba / MSFT cloud that is everywhere.

LEEDS LEADS CLIMATE BREAKDOWN

8 hours and 1000 flawed arguments and biased procedures later, Leeds City Plans Panel voted 9-5 for airport expansion and the false promises of economic growth.
For “what Leeds needs is a premier-league football club and a premier-league airport”
🧵

1/ There was a lot of "I do care about climate change, BUT" – followed by a lot of blah blah. Blah blah economic growth. Blah blah connectivity. Blah blah competitiveness. Blah blah Manchester. Blah blah Westminster. Blah blah offsetting. Blah blah electric planes. Blah blah blah

2/ Also a lot of "I do have sympathy for residents suffering from planes flying over their roofs at night, BUT” - followed by more blah blah.
One councillor kindly offered his advice: “the way to less noise is more planes”. Right, Sherlock. Want to try that in your backyard?🤦‍♂️

3/ The true sympathies were revealed at the end. The Panel's priority was not the well-being of those living under the flight path, nor the lives and livelihoods of threatened by climate breakdown. Their priority was a bigger, noisier airport, with a terminal in bronze-champagne.

4/ First declaring your sympathy for people’s suffering and then supporting a development that directly aggravates their suffering, is a proper kick in the face for those suffering the consequences. Like first declaring a climate emergency and then aggravating climate breakdown.