Thank you for your post. I shared many of your assumptions on Microsoft future and background until I started studying it in earnest. I was surprised by the outcome. GAAP net income over the last nine years (including the write-downs on bad ventures) and has used more than that amount on dividends and repurchases? Absent repurchases at exorbitant prices, this is not obvious bad capital allocation.
78B, and nearly doubled net income. Further, both Google and Microsoft have appeared to overpay for acquisitions, though Google’s have worked-out superior to Microsoft’s. 23B, which is humble relative to net income. 150B in net gain. One can add the deficits from Xbox, Bing, etc. to the R&D amount, however they are modest relative to how big is the business. Summing it all up, Microsoft’s management appeared to have the shame of riches, perhaps 1/5 of which they squandered, depending on what one estimations was required R&D sustain the core business versus bad business investment.
The current perception is Microsoft is much less well positioned as it was before, which is true, and that they have made many bad assets, which is true also. But the further belief that the business is a “value trap” or all its growth is “value destroying” is erroneous rather than supported by the historical numbers, for me. But I welcome others’ corrections to my thinking.
What is rigor mortise and is it possible to get rid of it? The rigor mortise is a stiffening of the limbs fundamentally. The joints become difficult to bend, this will not happen with all physical bodies, in truth it does not happen generally in most. Just how it is got gone is through a process called “breaking the rigor mortise”. Basically you flex the limbs back and forwards several times and the joints will open up.
This ‘breaks’ the tightness and your body are back again to normal. Can it smell in the mortuary and do you smell after employed in there? Sometimes, it depends. As with cooking food, it sometimes smells, other times it does not, it depends on what you are doing. Some bodies smell, either they have “leaked” out an end or they have decomposed or they just smell.
- Converting organized data to YAML front matter
- I want insight from my employees
- Purpose of the expenditure
- What is the expected NPV of the task with the choice to increase
Other times it is due to the chemicals utilized by the embalmer. Additionally it is the chemical smell that can cling to clothing, not the smell of your body. How will you keep bodies? All mortuary fridges are kept between 3 and 5 levels Celsius. Any colder and they start to freeze, which damages the body and makes it hard to work with.
Any warmer and there will be obvious side results (like rotting). I, and others, have noticed that certain fungi shall develop on physiques kept in the fridge for long periods. It really is orange, or white rather than finding somewhere else either. Not even on similar bodies if they are out of the fridge for a long time, nor on the fridge itself.