A dozen donuts for a dozen zeros

Friends,
Alphabet began celebrating. Defying every faultfinder, Google-hoarding investors just knew leading markets never overestimate pricing. Questioning reason, surpassing trillion U$. Valiantly weathering xpectations yielding zero.

OK, the preceding was bad (it got pretty dicey at the end). I was trying to start each word in alphabetical order to reinforce the fact Alphabet, Google's parent, became only the fourth company to ever surpass a trillion dollars in market capitalization (although, with Amazon stock dipping a bit, there are only currently three in that club). Despite the fact that a number one followed by twelve zeroes is a far cry from the 100 zeros of a Googol, you have to admit it's still pretty cool --and more money than I can imagine.

Along the same vein, this week Tesla became the U.S. automaker with the highest market capitalization. Despite the huge achievement, I can't help but to throw a few flies in the ointment. First, it limits the comparison to the U.S., so companies like Toyota, with more than twice Tesla's market cap were overlooked. Second, market capitalization is not the same as enterprise value. Both Ford and GM have higher enterprise values, but much of that value is in their debt. Third, the stock price driving this market capitalization is entirely based on future expectations (Tesla is not profitable at this point in time), so it comes down to how good the collective crystal ball may be.

In any event, it seems to me the best way to celebrate a trillion dollar company is with a dozen donuts. After all, donuts resemble zeros. A donut for each of the zeros in a trillion.

Happy Friday!

Comments

Donut Hole Alignment

Friends, My predawn attempts to watch the planetary alignment have thus far been met with cloudy skies. The weather forecast through the end of the cosmic event suggests I shall not witness it. And yet, my futile attempts have been rewarded in other ways. The chorus of birds, frogs and insects singing in anticipation of the sun’s glorious rising complement the river’s steady churning. The crisp, fresh air in a desolate town whose citizens are still bidding Morpheus “adieu” caresses my skin while the sweet aroma of petrichor fills my lounges. Deep shadows of centenarian eucalyptus trees slowly recede and give way to the imperceptible progress of the brightening skies. Sure, witnessing those tiny bright spots lined-up in the sky would be pretty cool —like sprinkles on a donut. Speaking of donuts, if you’re ever in Cuenca around the feast of Corpus Christi (which ended yesterday) you need to try the Huevos Chilenos (Chilean Eggs) —think of them as less sweet donut holes. And, if like me t

Donuts Without Borders

Friends, I believe going anywhere in the world (so long as you abide by the local laws) should be a human right. People should be allowed to wander freely (or vote with their feet whenever a government alienates them). In this, I fully support Doctors Without Borders’ decision to no longer accept funding from the EU due to their immigration policies. Good for them! That said borders can be useful. Take, for instance national sports teams. If there were no borders, events like the summer and winter Olympiads would not exist. Closer to home, those of you who follow soccer are probably tuning-in to the hundredth edition of Copa America , currently under way. Last night the quarter final opener featured both of the teams for which I've been rooting. Who do you cheer for when you know only one of your teams will advance? You can't root for both or you risk becoming a dispassionate observer, so, you either pick one or choose to narrate the game in English (i.e. no 100 MPH narra

Aah-woooooo-some Donuts

Friends, The weekend is upon us; time to relax your inhibitions and howl at the moon (or bark , if your name is Ozzy). Skies should clear-up by 7 PM, revealing the wolf moon —January’s full moon. For extra effect, you could go to Moffat county in northwest Colorado, where a pack of wolves has set-up shop for the first time in seven decades. Or, there’s Canada, where gray wolves never left (I suspect that’s why Meghan left Harry alone with his bombshell). Of course, if you’re feeling really brave, you can go to Chicago, where they had two coyote attacks on Wednesday. In addition to howls, you might get some other sounds in the wide coyote repertoire , including huffs, yips and barks —which should satisfy even Mr. Osborne. I think I’ll put on my wolf hat and go stock-up for tonight. Some bear claws feel appropriate. Happy Friday!

Friday Donuts

Search This Blog