Brett Larson

Insane underflowed story! Polyakov (Ukranian) basically got his rocket company taken from him by CFIUS for $1 after plowing >$200m into it on allegations he was a Russian spy, then years later they come back with a "oops, looks like you aren't a spy... at least you got a dollar."

Excellent profile on @djrosent and @gilbert and their excellent podcast! @AcquiredFM wsj.com/business/media…

$HWM John Plant has cemented himself in the A&D hall of fame. Rebuked Apollo’s $10 B offer for ARNC in 2019 (told that figure had earn-outs too). Today HWM + the remaining ARNC later sold to Apollo is worth ~$40 B. And DESPITE an unexpected pandemic and Boeing’s meltdown. Legend.

SPR +16% on news. SPR +14% since separation in 2006. Boeing's relentless pressure to squeeze every dime of cash flow out of SPR as essentially their only customer (I mean, "partner for success") ultimately led to SPR's incredible fragility/quality issues. Shocker!

It's earnings season, the sun is out and it's 60 degrees. Time for the investors @NZSCapital to take a hike!

How to Have Meetings that Don't Suck...A new paper from @bjohns3 Learn why we ♥️ to have meetings at NZS! There are some simple suggestions everyone can implement along with some uncomfortable concepts that might require a culture shift at your org. nzscapital.com/news/meetings

To restore the Boeing culture to technical excellence, my advice would be first to move the corporate headquarters back to Seattle. It’s difficult to manage a technical organization from a distance. Executives need to be in the factory every day.

@domcooke @bizbreakdowns This is CALMAC’s (@EnergyStorage - what a handle!) ice thermal storage system, an innovative business acquired by @Trane_Tech in 2017 @ReustleMatt calmac.com/energy-storage…

In the summer, Goldman Sachs freezes 2 Jumbo Jets worth of ice every night to cool their NYC office during the day. Creating ice overnight when energy is cheaper and temperatures are lower saves them about $50,000* a month in electricity bills. Truly a business focused on liquidity! A very fun fact brought up by @reustlematt in this week’s Trane @bizbreakdowns . *From an old article. Would love to know if the numbers still hold. The Jumbo comparison is based on weight.

Trane Technologies? This company embodies the irresistible allure of industrial pureplays Thank you to Brett Larson and @NZSCapital for bringing this one to @bizbreakdowns ▫️ $50bn market cap (TT) yet rarely discussed ▫️ 100+ year history of between independence and "conglomeration"(Ingersol) ▫️ Epic father + son founder combo with James and Reuben Trane ▫️ Textbook equipment vs. aftermarket mix-shift story (~70%/30%) ▫️ Resi vs. Commercial segments highlights unique demand dynamics ▫️ Customer cost is split: 10% equipment, 10% maintenance, 80% energy costs (...think about how that drives pricing vs product considerations) ▫️ Secular opportunities (decarbonization) in what you'd assume is a cyclical industry ▫️ Operating system comes with Toyota DNA and 25% incrementals BONUS points: 👁‍🗨Rebranding HVAC as "climate control" is worth a 20% premium. No questions asked 👁‍🗨Reuben started career at Milwaukee Tools in 1910... fun to think about the "resume building corporations" of yesteryear

Did you know that… Nuclear energy is safer than wind energy?

@gilbert @djrosent Loved that. Covered A&D and Skunk Works is my favorite book, I didn't think I'd be blown away by a new story - boy was I! On @djrosent's SR-71 heresy, I'd argue it offered unpredictable recon that Corona didn't once USSR discovered it (they eventually did). And it was bad ass!...

This episode was picked by Acquired LPs. I'm glad it won the vote! It created a "first" for @djrosent and I in the research: finding a classified CIA program that was only recently released to the public 🛰️ Plus, you know, badass airplanes. acquired.fm/episodes/lockh…

Imagine if we taught every high school student in America the power of compund interest

WATCH: Mike Lee officially became a General in the Great Meme War on the floor of the Senate... He used Reagan on a raptor, Aquaman, and Sharknado to show how insane the Green New Deal is... and it clearly worked, because it set off @AOC. cc: @SenMikeLee