Comments by "Samson Soturian" (@samsonsoturian6013) on "The Inevitable Decline of WeWork" video.

  1. You know, if they actually bought the offices they rented they'd actually be making money with the same business model. Nothing spectacular, but there would be no struggle to justify the company's existence.
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  2. It's a legal con
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  3.  @slouch186  No, it's a subtle but vital detail. They paid up front for a lease lasting a decade on average, then rented out on a month-to-month basis
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  4. You only notice the rich people that think that. Statistically, two thirds of people think they are smarter than average.
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  5. Why do these tech bros always try to turn their offices into self-contained communities? It's not like their hired help actually live there. A self-contained community that lives and works together is an idea, though.
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  6.  @ronald3836  It's called being a landlord. If you can't scale, then you can't scale
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  7.  @weeaboobarko  Yeah. The whole company exhibited risk-seeking behavior. Why not take the whole thing to its logical extreme and rent at one price then find some chump that will rent at a higher price? All risk, no function
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  8.  @StefanMedici  they literally make all their money from selling cars.
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  9.  @TheThreatenedSwan  Why would there be a sense of community among people who happen to live in the same town? Same thing, different boss. And such a situation already exists. It's called McMurdo Station down in Antarctica. The biggest problem they have is worker-citizens getting drunk and taking "ice wives." The company is no longer supplying beer because of one too many sexual assault allegations.
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  10. Psycho? Try ponzi schemer
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  11.  @StefanMedici  i misread you initially
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  12.  @BUSeixas11  bullshit. The researchers think they're smarter and have brighter futures than they really do
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  13. I think a lot of these unicorns are just ponzi schemes so elaborately disguised not even the founders can be sure it's a Ponzi scheme
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  14. Conversion, the civil version of theft. He got money from investors, then found creative ways to pay himself and friends all the money.
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  15. Not always. Many are ponzi schemes, others are shadow banks.
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  16. dude, this is ponzi scheming. As Patrick said, the competition was turning a profit
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  17. @loveflow1  "I get the stuff, you get the risk." A greedo's philosophy
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  18.  @TAS_CNX  and yet, people get angry when you call equity funding a loan.
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  19.  @TAS_CNX  there's no cheat code to getting rich
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  20.  @TAS_CNX  it doesn't matter if it's a mortgage or equity. Debt is debt.
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  21.  @ClxTablet-pv5hi  namely you
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  22.  @ahmataevo  None of those terms go together and none of them entail abuse.
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  23. Do you have a death wish?
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  24. The unlevered short Jim fund has already collapsed for losing money. Cramer recommends long positions of large cap stocks, and shorting the market never works.
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  25. Most of the time, yeah. But fools envy his post, so they only talk about his errors. Cramer is like most active managers. His trading fails to beat any benchmark
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  26. No one cares. America practices corporate Darwinism, and if you fail you fail, if you succeed you get stupidly rich.
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  27. He's trying to use money he paid himself from the company to buy back the company at dirt law valuations. He's also getting sued.
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