This is so sad.
Portland used to be such a cool place…
Downtown Portland keeps taking BRUTAL hits...
The 174 room Hotel Zags just sold for $10M - a MASSIVE ~79% haircut from the $47.5M Pebblebrook Hotel Trust paid in 2013
Here's the kicker:
The hotel is in the HEART of downtown Portland, steps from major attractions and public transit
The seller invested ~$7M renovating and repositioning the hotel just a few years ago, only to sell it for a fraction of its original purchase price...
I visited Portland recently, and honestly, the challenges downtown are hard to ignore
Where did it go so wrong for Portland?
Stay tuned and follow for more commercial real estate deals trading at massive 'discounts'
You can also just be cool.
I have dj friends who hit me up whenever they’re in Colorado to come hang out.
You’d recognize their names.
Harry Winston confirms.
I keep seeing “natural diamonds crashed 70%.”
I run companies that work with hundreds of jewelers. I’d love to know where that number comes from, because it doesn’t show up anywhere I look.
The 1 carat natural index fell about 10% last year. It has risen two months in a row since August.
Rough diamonds is where the real damage is. De Beers’ realized price is down 37% this year and they’ve lost money every year since 2023. That’s the miners’ problem and not what a customer pays.
The only diamonds down 70% or more are lab-grown. Those have fallen more than 80% in a decade, and a 1 carat D VVS now wholesales for $87. Somewhere along the way “lab-grown collapsed” became “diamonds collapsed.”
What the stores actually report: natural diamond sales at US independents up 9% in Q1. Average ticket up 25% to over $4,000. Natural still 85% of the diamond dollars.
And the “down from peak” charts all measure from 2022, when people had stimulus checks, no travel, and two years of postponed weddings. Against 2019 the drop mostly disappears.
Natural diamond demand is fine. The headline is about a different product.
At the top end it’s the opposite of a crash.
5 carat prices rose 8% in the first quarter. Christie’s June sale sold every lot. On the branded side, Cartier and Van Cleef grew even more, at 14% last year on jewelry alone.
The customer with real money moved out of handbags and into stones.
“You can always find a better husband”
…says the 44 year old twice divorced lesbian.
🙄
I know plenty of women who thought the Lauren Sanchez model would work out for them as well.
Turns out, the number of single, lonely, older, divorced women in fancy ski and beach towns will attest that answer isn’t always yes.
While I agree that Lululemon’s purchase of Mirror was one of the dumbest things to have ever occurred, the company does still operate as Lululemon Studio and you can take Peloton classes on it today.
Oddly, I don’t think anyone’s jailbroken them yet, but they should because you can find them for about 200 bucks on Craigslist these days.
Pepsi paid $2bn for Poppi and now says it won't pay the $300m earnout. Everyone's acting surprised.
What happens when a giant buys a challenger brand, with the receipts:
- Honest Tea, Odwalla, Zico: all bought by Coke, all discontinued. Zico's founder bought it back.
- Bai: Dr Pepper paid $1.7bn, wrote most of it down.
- Bodyarmor: Coke paid $5.6bn, took a $760m impairment three years later.
- Rockstar: Pepsi paid $3.85bn, has lost share every year since.
- Freshly: Nestlé paid $1.5bn, shut it within three years.
- Dollar Shave Club: Unilever paid $1bn, sold it for a fraction seven years later.
- Bonobos: Walmart paid $310m, sold for $75m.
- Mirror: Lululemon paid $500m, wrote it off and shut it.
- Ballast Point: Constellation paid $1bn, sold for pocket change four years on.
- Reebok: Adidas paid $3.8bn, sold for $2.5bn fifteen years later.
- Snapple: Quaker paid $1.7bn in 1994, sold for $300m in 1997. The original.
The pattern isn't bad luck. The brand was bought to protect the original and core portfolio, not to grow. Once it's off the market, the job is done.
If you ever sell to one of these: the cash on day one is the price. Everything else is a promise from someone who is incentivized is not to keep it.
Many of my wife’s friends graduated from medical residency in their 30’s.
Generally speaking, the ones that were single then are either single now or married some very mid dudes.
At 28 single women should cut off guys who aren’t serious within 6 months.
f boyer retweeted
That demo was insane. Mindblowing.
But there is not a real car guy on the planet that would pick that over the Mission S
f boyer retweeted
Replying to @SawyerMerritt
The famous quote, "Any sufficiently advanced technology is indistinguishable from magic" seems warranted here.
f boyer retweeted
Replying to @SawyerMerritt
Now build 6 Seater CyberSUV with real nice captain seats, 500 mi, 10-20 min 80% charge for average people. I don’t go 0-60 in .81 sec
I get a speeding ticket >90
I need to pee every 3 hrs
I need to eat every 5 hrs
You gotta be rich enough to understand but this is actually the opposite of what you’d think.
Those used Ferraris are Amalfi’s flips bought by guys who are desperately trying to get into a Daytona SP3.
The rich are doing WAY better than you think.
Ferrari could NOT do this.
But…the Chinese could have done this.
Prediction: they WILL do something similar in the next 6 months.
Truth: this the dumbest application of technology in every way EXCEPT as one of the coolest marketing stunts EVER!
Would be a sick Disney ride!
I'm not an Elon hater.
I'm just telling you the Honest Truth:
This is a marketing stunt.
The technology is quite old.
Just nobody ever thought of bolting it on a car.
Because it's pointless.
Porsche or Ferrari could also build something like this if they wanted, but they don't, because it's not worth it for them.
It's worth it for Elon though, because his entire brand is all about having the halo of futurism.
His marketing scales especially well with tech gimmicks like this, which is why he is financially incentivised to do them, while others aren't.
Again, I'm not hating, but actually educating yall.
This is not engineering genius.
It's marketing genius.





















