Diego Segura
@diegosegura
designer, writer, founder. currently obsessed with monetary theory, high finance, corporate law, regretting dropping out of high school, and sudoku. author of a 2018 book, “the dropout manifesto.”
diegosegura.meDiego Segura
One of the rare inspirational subplots of our current financial panic has been the rise of Meredith Whitney. An obscure and little-noticed analyst of Wall Street banks, working for an obscure and little-noticed Wall Street bank (Oppenheimer & Co.), Whitney has become, in a matter of months, a woman who moves markets.
It all started back on Oct. 31,... See more
It all started back on Oct. 31,... See more
Top Financial News
In April, after the Fashion Trust U.S. awards, she estimated her debt to be about $90,000. Her creditors include factories that are starting to get mad, she said, but also people central to her team, like the designer Andrew Curwen, who is owed a few months’ worth of invoices.
Jessica Testa • Should Making It in Fashion Be This Hard?
“Getting a yield of less than 1% to lock up your money for up to 100 years might not sound like a great deal,” Bloomberg led its story about the com- ing of the Austria 0.85s, in June 2020, “yet the rush for safety means Austria’s century bonds [i.e., the 2.1s] have nearly doubled in value so far. That’s why the nation’s sale of new debt that... See more
Tapestry and Capri companies don’t have the infrastructure to pull off that vaunted upmarket leap. They are, after all, basically holding companies that deal in fashion products
Coach & Kors’ Marriage of Convenience
what does this infrastructure look like?
— institutionalized creativity
— budgets willing to be wielded for brand building purposes
— time to see through the transformation
Holed up in a room with a whiteboard, the founders sketched out what an ideal insurer would look like—from a Millennial’s point of view. It would be online only (no paper or insurance brokers), low-cost, easy to deal with and “trustworthy.” They weren’t naïve about needing insurance expertise and, in May 2015, recruited Ty Sagalow, a 36-year... See more
Jeff Kauflin • First, Fire All The Brokers: How Lemonade, A Millennial-Loved Fintech Unicorn, Is Disrupting The Insurance Business
"There is a tremendous squeeze these days," said Arnold Kaufman, editor of Standard & Poor's Outlook newsletter, which tracks dividend trends. "Profits are no longer high enough to pay for dividends at many companies."
Steve Lohr • Companies Cut Stock Dividends As Profits Drop (Published 1991)
1991!
images are still powerful if they are used to tell a story. It’s not that one image on Instagram blows me away, but rather the entire grid, or the persona. How much a person actually keeps up the world building with a 360 immersive narrative.
Claire Koron Elat • The New American Dream Is Sponsored by Meta: ANA VIKTORIA DZINIC
Let’s assume for a moment, though, that between the two sales, Paramount walks away with $4.5 billion in cash. Paramount has $13.5 billion of net debt, as of March 31. If Bakish decided to use the $4.5 billion in cash from the sales of S&S and BET to pay down that debt—always a good use of cash—Paramount would still have $9 billion in debt. On the... See more
Are You There, Aryeh? It’s Me, Shari…
High Finance and media
it seems as though these are all brands that could be fucking incredible but are being manage-managed rather than brand-managed
She was very fond of saying, “People ask, is Glossier a tech company? Is it a beauty company? And I say, yes.” It was a little bit trendy, a little bit sexy to be a tech company in that age. And if you are a tech company, that justifies the amount of funding you're getting and can potentially raise your valuation.