760 karma · joined September 25, 2019
The money is still working for you, presumably, through dividends on investments, etc.
Reading these memos in a vacuum only serves to perpetuate the myth of the cultish male CEO (and yes, every single one listed is male) as some prescient God-like figure who can do no wrong. Pass.
I’m not familiar with the exact building restrictions in West Village but I assume there’s strict height restrictions that have been grandfathered in long ago...I’m going to guess these restrictions is the exact reason why the ultra wealthy can just buy up a small building and make it into a SFH, which obviously just exacerbates the housing problems in the neighborhood.
The story touched on this a bit but also seems like every time I visit half the stores are either closed or new because rents are so high for businesses. The only stores that I see have staying power are the ones that look like obvious money laundering fronts like jewelry stores. It’s this strange ghost town for retail.
There are signs that demand for sugary drinks are on the decline naturally e.g. demand for sparking water has increased as people look for alternatives to drinking a coke. And there was a recent article on how juice consumption has dropped to new lows...