Tren Griffin

Charlie Munger: "There's something about the flavor of ketchup on a goddamned fried potato. They want Heinz! And so, you can raise the price of Heinz pretty much. If you try and raise the price of Kraft cheese," everybody goes into rebellion..."

Less than 3 miles from my house you can harvest Dungeness crabs. Sunday/Monday only; limit five per person per day. The crabs I just cooked are on the left and just the body meat of the crabs in the bowl. The legs alone = dinner for two. No sauce or butter needed. 🦀 🦀 🦀 🦀 🦀

"The year 1974 taught me that leverage can decimate even the best company when its access to capital is cut off. It also taught me that most people have short memories." Michael Milken

"The past is always triple-A. We can all remember what the past was. But if we try to make the future triple-A, we have no future. The future is always single-B.” Michael Milken

As founders of a startup in the late 1990s, the demand for our equity was so high that we raised over a billion dollars with exactly zero liquidation preferences. That was nice. For employees with stock options or vested shares, understanding the preference stack is critical.

Mount Ranier is looking good right now from a Pilatus PC-12.

Just like you, SpaceX has more than $3 billion in cash on hand, which is nice.

A salmon moving through the Ballard Locks from saltwater to fresh traverses the ladder’s 21 steps. Many factors influence mortality. Sockeye salmon are there now. King, coho and other salmon follow later. seattletimes.com/seattle-news/c…

Now I'm ten times the E.B.I.T.D.A If you let the money talk, who speaking up I'm sleepwalking, y'all don't dream enough My third passport, I ain't seen enough If you can breathe up there, it ain't steep enough The scale don't lie, you ain't even us (Yeah)

At least you don't have a $136.1 million term loan with a 13.87% interest rate.

Fruit Loops and Nutella synergies!

"One cup of Lucky Charms contains 24% of a consumer’s daily recommended intake of sugar."

A Series Q financing round was a stop on the way to a Series Z. "Medium had been through so many rounds, that we’d had rounds named Series XX and Series Z. So our lawyer called this one Series A prime."

WARREN BUFFETT (in 2019): "Costco introduced the Kirkland brand in 1992, 27 years ago, and that brand did $39 billion last year whereas all the Kraft and Heinz brands did 27-- $26 or $27 billion. So here they are, a hundred years plus, tons of advertising, built into people’s…

"The store brand now accounts for ~ 1/3 of Costco’s revenue—and it’s growing faster than the company as a whole. Costco’s total sales have ~2X since 2017. Kirkland’s have ~3X. Kirkland alone brought in $86 billion last year—more than all of Procter & Gamble).