Bhorowitz

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This argument is silly and deceptive. If you want to view the company through the lens of expensed stock options, you can. Nobody is stopping you. In fact, this is included in the standard GAAP numbers that every public company publishes. The reason why most investors look through these expenses is that stock option accounting is a massively convoluted way to get at what you really want to know: cashflow per share. Since employee options add to the share count (yes, even ones that have yet to be exercised can be counted and are available for public investors to evaluate), they are fully accounted for in a proper cashflow/share analysis. Adding in expenses for stock options on top of that is redundant and confusing, so no serious investors do it. It has nothing to do with cool kids, bubbles or cheerleading. It is about getting a clear understanding of the real financial picture. In fact, everyone looked through these expenses in the bad old days of 2008 as well.

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This song came out of the following conversation on Twitter between me and the 4th Letter:

I had no idea that he was a rapper at the time, but the conversation motivated him to read The Hard Thing About Hard Things and write this rhyme, which I personally think is dope!

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Rap is competitive by nature, so it’s important for rappers and beat boxes to keep up appearances. As a result, this was a controversial line amongst the group.

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Most groups of 3 people have 6 eyes, but Seth’s were shot out.

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In Oakland, we really don’t like fans of the other team, but it’s always cool if you just come to boo the ref. We hate refs.

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“Through” is the slang term that we used in Berkeley and Oakland to mean you were done. No chance of coming back.

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The Phantom’s drum machine was a DX:

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I am still not sure how The Blind MC made it sound like MCH2O was drowning and saying “fresh” at the same time, but it’s pretty sick even now.

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"John 11:35: Jesus wept." (Holy Bible (KJV) – John 11) | accepted

I think you meant “note” rather than “not.”

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