Nipate

Quote from: Nefertiti on March 22, 2024, 07:35:42 PM

Talent =RESULTS

I fully agree with ya here. But please remember tech is not the world and the world is not tech. It's just a small portion of it. The universal metric of RESULTS is cold hard moolah. Legitimately built through sweat!

I have nothing against exporting beans and salt if it brings in the moolah Dangote style (simiti). I just have a problem with Ivy Leaguers of abysmal showing coupled with staggering ego. Like the techies creating flop companies like the Ayisis, or designing simple rat-tracking software with NGO free money, or reduced to designing websites, while bragging braguuuuuuu in the social and mainstream media about their resumes and (non)-achievements, instead of creating useful companies that actually make a profit and benefit many Kwiinyans/Afrikwans . #bluster

You and I know full well that nothing of substance has ever come out of our Kwiinyan Ivies in general and techies to be specific. No offence to non-Ivy techies.

Their abysmal showing is writ large. I don't even see why that's  a point worth debating over.

"TECH" is quite misunderstood. It doesn't mean computers or robots - it is simply the application of knowledge. Research breeds new science, innovation breeds new technology. New smart, efficient ways of doing things or solving problems. It is just more readily visible in computers.

Haco industry or Firestone - or Gucci - are innovative to rise to the top and mint $$. Computers have little to do with it.

We agree on the subject of Ivy League being just that. Paper. But it is just a correlation not a causation. If most Kenyans are useless then that includes the Ivies. Yaani education has very little to do with real talent Ivy or otherwise. Employees need it not entrepreneurs.

Never ever ever underestimate your enemy. Three days to take over Ukraine has turned into years and counting.
Iraq was supposed to be cake walk - turned into years of war.
Russians seem to think that they can survive?

The tiny difference is Iraq was pure US-UK- vs Saddam. Ukraine is NATO vs Putin. No comparison at all.

State Department mouthpiece 👀

Israel Is a Strategic Liability for the United States
https://foreignpolicy.com/2024/03/22/israel-gaza-biden-netanyahu-security-united-states/

Quote from: Nefertiti on March 22, 2024, 07:35:42 PM

Ati Equity is worth 9B from where?

Ikwiti made a staggering 32 billion shillings in profit and had assets worth 877 Billion shillings (well over $8b before the shilling tanked) in fiscal year 2001 alone😁. #HonestyNotPropaganda

In Big Business what matters is MARKET CAP. I agree you could look at assets, etc - but the accepted fullsome view of a company is market cap which captures what the world thinks of its past, present and future. It gives rise to derivatives like P/E - and high growth companies have a high P/E due the future potential being perceived as more exciting than the present. E.g. Tesla and SpaceX. Uber and AirBnB too. Personally I belong to this market cap school of investors or observers - or cheerleaders. 

Old school folks of course believe in assets - so Safaricom despite minting huge profits and big assets - is worth a measly 3.5B usd - because it has a BLEAK future. I mean think of it -who cares about network masts, cell towers or boosters - assets - when they are old technology. If Safaricom had a mini satellite network - worth10% of the towers - the stock would up. Because these assets represent the future.

Telcos are going satellite - noone will use cellular a few years from today. So the "assets" are not so useful you see.

Equity equally has a long list of buildings, land, etc - which are 9B or whatever you say. But how "prime" is land when commercial real estate is performing so poorly? I bet Equity makes loss from its highrise HQ at Nairobi Upper Hill finance district. Equity should be riveting to neobank - which of course requires some innovation not just laying concrete or chasing chamas and saccos.

Equity market cap is a measly 1B usd - that's what the market thinks. The buildings and offices are worthless for the purpose.

Another dinosaur is KCB - worth 0.6B - despite skyscrapers all the way in Kigali or Luanda. Martin Oduor-Otieno and Joshua Oigara were stone-age thinkers. No real growth has occurred at KCB since mzungu CEO, because you can't ignore PayPal and Flutterwave- or Facebook Pay - as a bank and claim to have a future. Those idiots think their only competition is Mpesa.

So - KCB has some podcast on their website - where some young crew talk about Omnichannels - which is geek for WhatsApp and Telegram corporate accounts...

With Safaricom and Equity - that's what digital assets are - BUILD your own digital products. Safcom ought to have a ChatGPT equivalent of its own - wanunue hata Kainene vos Savant. Not ZURI.

Even Governor Sakaja and my aunt's pot & mat-selling chama have WhatsApp channels. You see why KCB is worth pocket change. In short a DINOSAUR - I don't use this term in jest. But it's better than your "lazy Mwabrika" and other matusi. I accept James Mwangi is an old-school talent who built a big sacco. 🙂

Can you login to Safcom app and attempt to chat with Zuri - and compare with Gemini or video-minting ChatGPT. Usiku na mchana.

What will happen next - X (Twitter) will launch XPay - and all millennials will have accounts there. Ikwete mtaachiwa wewe na RV Pundit - Dr Mwangi will retire soon . He already looks deadbeat.

That is why they are worthless companies - despite Safcom close to 1B profit or something - while Uber has never returned a nickel for its entire existence. 15 years. It worth 50X Safcom.