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
Years ago, I was a modeling agent, and I thought, my gosh, brands would actually get a lot further if they used a celebrity versus a model because of the amount of impressions that a celebrity would garner . I left the agency, opened up my own company, and here I am 30 years later.
The Tao of Shemarya
this is a very brilliant, situation-specific “business transformation” / idea that lead to a very successful move for him
there are a million of these waiting to be discovered or already have been discovered by people with ideas but lacking the capital, time, or empowerment to go pursue them within organizations
i.e., the modeling agency he worked for itself
Last fall, as the panic heated up, hardly anyone had heard of Meredith Whitney. ``I guess my clients knew who I was,'' she says, ``but the rest of the world -- I don't think so.''
Top Financial News
wildly interesting boom economy in Russia right now despite all of the sanctions imposed by the west
“But as usual, in Moscow, things looked very different. ‘They are even richer,’ a friend in Moscow texted when I asked him how the residents of the chic Patriarch Ponds neighborhood are living through these uncertain times. ‘It is amazing. Never seen so many Lambos and Rolls as last year.’ What about the ruble crisis, I asked? “Don’t care,” he texted. ‘They live in Russia, taking salaries in rubles and spend their money in Russia.’
A friend of his is an interior designer who has been freed by the war of competition. Her problem, she now says, is being able to finish all the jobs that have fallen in her lap, not getting new customers. Another friend, who works for a Russian oligarch, told my friend, ‘You have no idea how much money there is in Russia right now.’ Said ‘Only a fool wouldn’t be able to earn money right now.’”
apparently if you're remotely good at making money, you're making a *fuck ton* of money in Russia right now, and so long as you're transacting solely in Rubles, it doesn't really matter that the currency is collapsing
long term, however, it's gotta mean terrible things for their economy and the Ruble being weak can't be good for long
apparently there is tons of money flowing to the poorest regions of Russia for signing bonuses for soldiers, and they're even helping soldiers out with their mortgages as a way to encourage them to join the fight
in essence, there's a massive wealth redistribution going on in Russia, and it's all just coming from the country's budget and (as would make Keynes proud), trickling down throughout the entire country
which, if you think about the goals of the sanctions, is not in the West's favor, at least in the short-term
the point of the sanctions ideally would have been to create a slowdown in Russia that caused the public to lose support for the war, but if the economy is booming.......don't count on it
What really works in American fashion is consistency. I’m usually pretty bored by Ulla Johnson ’s shows, but on Sunday morning I couldn’t help feeling dazzled by her three-dimensional florals and dizzying zig-zag knits. (Made me think she’d be a great designer for Missoni, but that brand needs help, and she’s too smart to take on some impossible... See more
September Issues
this needs to go in the article about the missing story behind the Saint Laurent name that Chanel — of the same time period, it can be argued, (YSL and Lagerfeld being direct contemporaries) — has done well with
Indeed, that is the genius of the LVMH model that Arnault has created. It’s quite possible that being the C.E.O. of LVMH would be a less fun and desirable job than being the C.E.O. of Tiffany’s, or Tag Heuer or Dior, or one of the incredible French wineries that LVMH owns.
Iger’s Buyers & the Arnault Dynasty
Under the impressive leadership of Jonathan Karp , S&S generated revenue of $1.2 billion in the 12 months ending March 31 and operating income of $255 million, a margin of 21 percent. No wonder KKR wants the business.
Are You There, Aryeh? It’s Me, Shari…
media and High Finance
publishing ain't so bad after all
And every step along this scripted way will you accumulate more bosses. More people with “guidance” for you, about how you can juice the numbers long enough to make it someone else’s problem to keep the air castle in the sky inflated and rising. But of course it isn’t just guidance, once you take the money. It’s a debt owed, with all the nagging... See more
Reconsider
Arnault has never acquired a business with back-office synergies on his mind
Coach & Kors’ Marriage of Convenience
this makes me want to cry tears of joy holy shit
That was seen in March when violence erupted across India during Ram Navami, which marks the birth of Ram. Over 20 people were injured in different parts after groups of Hindus marched through Muslim neighbourhoods waving saffron flags and swords as they danced and shouted along to anti-Muslim songs blasting from loudspeakers.
One of the songs with... See more
One of the songs with... See more