Trung Phan
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Howard Schultz will return as Starbucks CEO for the 3rd time. He last took over the job in 2008, quickly launching a program that led to the cliche “Starbucks is a bank.” Today,...
Since the early-1990s, PepsiCo has sold $1B+ of Doritos a year. Why is the chip so addictive? From the ingredients to cooking method to texture, its engineered to pull all the ps...
The Godfather (1972) is widely considered the greatest movie ever. But it almost never got made. Hollywood was crashing. The studio hated Brando and Pacino. Twelve directors said...
Over the past 25 years, Trey Parker and Matt Stone have built South Park into a media powerhouse. Today, each is worth $600m+. While their comedic genius is behind the show's su...
In 1973, George Lucas pitched Fox a “space western” and the studio offered $500k. Lucas took a lower $150k fee in exchange for certain rights. The film was Star Wars and that nego...
When Iron Man came out in 2008, Robert Downey Jr. was *not* a marquee star. He was rebuilding his career and paid a below market rate of $500k. But the deal terms set him up for...
McDonald’s is often called a real estate company dressed up as a fast-food chain. It's def true: McDonald's real estate holding is worth $42B and 35% of its $20B in revenue is fro...
When Steve Jobs unveiled the iPhone in Jan 2007, the maker of BlackBerry — Research in Motion (RIM) — had a market cap near Apple's ($60B vs. $75B). Now, it’s $5B vs. ~$3T. Whil...
The most memorable interview I did this year was w/ Stanley Druckenmiller, who famously made $1B shorting the British Pound. The trading legend's track record includes a 30-year s...
Here's a wholesome Reddit thread for the holiday weekend: "What is random great advice?" 12 legit ones🧵
Why does Red Bull own an F1 team? Because the company — which sells $7B+ of energy drinks a year — is a pure marketing firm (outsources all production). Its invested $2B+ into F...
Our intuitions often leads us astray. A good reminder: study counterintuitive math and economic results. Here are 9 of them 🧵