On Yoyodyne.....

[ish mailian]

 The late capitalist billionaire club that dreams of colonies in space
or anyplace but our beautiful and fragile home do remind us of
contrast Walter Dornberger describes of the war period and the postwar
period, how WD & Co. were bound by treaty and secrecy and limited by
funding and yet managed a 10 year leap ahead of the rest, though, as
the discussion of GR here now, of funding and secrecy, of the
corruption of dreams, of pure invention and pure science or math or
Pavlov... the naïve and innocent rocket boys who have little contact
with Hitler, who, as Dornberger reminds us, and this a significant
idea to consider here and now in our current discussion too,  that
Hitler's act of naming the V-2 was conditioned by his knowledge of it,
a knowledge he gained not by visiting the rocket proving grounds but
by watching them on a movie screen

On Wed, May 4, 2016 at 10:32 AM, Charles Albert <cfalbert at gmail.com> wrote:
> The most interesting story in the history of capital allocation was the
> rapid growth and then steady shrinking of Teledyne, a conglomerate formed by
> Henry Singleton in 1960. Teledyne spent the 60’s growing through
> acquisitions—130 companies in total, bought for twelve times earnings or
> less—funded in large part by the issuance of new shares of Teledyne stock
> and debt. One of its last acquisitions in this period was Ryan Aeronautical
> in 1969—to which we will return. During this acquisitive phase, between 1961
> and 1971, sales and earnings grew 244x and 556x alongside large growth in
> shares outstanding and debt[i]. Earnings were sometimes volatile, but
> Singleton didn’t care: he focused on cash flow.
>
> http://awealthofcommonsense.com/2016/05/death-by-a-thousand-cuts/
>
> love,
> cfa
>
>
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Pynchon-l / http://www.waste.org/mail/?list=pynchon-l