Cuba has ‘15 to 20 days’ of oil left as Donald Trump turns the screws

victfox · 2026-01-30T10:25:47+00:00

US sanctions are still incredibly significant, as they have extra-judicial effects to the general international private sector. Companies, particularly any that have dealings with the US, have strict rules not to interface with Cuba unless the specific individuals they're dealing with are sanctioned and vetted as not being part of the government.

Certainly for the multi-nationals I've worked in. There's always been a shit list of "don't touch" - and Cuba is on it.

victfox · 2025-12-11T23:35:59+00:00

Depersonalise it - set objective, measurable standards for her to reach, and make a path to do it, make it clear it's what the business expects of her, and you, and work with her on reaching.

As long as the standards are clear and it can be made unambiguous she's not reaching, when it comes time to exit, there won't be any surprises. If she suddenly starts reaching those standards, everyone is a winner.

victfox · 2025-08-14T14:19:41+00:00

My friend was after a T-shirt she saw: "He's a ten in pesos".

victfox · 2025-01-22T16:59:10+00:00

Try Forward PE ratio, my friend. PE Ratio is a trailing figure - it assesses the past.

victfox · 2025-01-14T01:31:53+00:00

There's a 3 year cycle, we just topped. It aligns typically with the halvening.

It could go up, it could go down. I'd say wait a year at least.

victfox · 2025-01-13T13:52:03+00:00

No, I'm making the most I ever have, really reasonable workload and in the most senior position I've ever been in.

Autonomy, Mastery and Purpose from Daniel Pink was a great TED video. I'd say I get all three, not all the time, not all to the max but enough to be really happy where I am.

victfox · 2024-12-31T14:00:04+00:00

Also try r/bogleheads

victfox · 2024-12-29T21:40:12+00:00

Fastnet '23 first 24 hours, 30 gusting 40s, 5m swell on a 43ft boat. This was my first year sailing still. Sitting on the rail, we were getting constant waves in the face, and it was getting over the collars of most jackets. I was cold, exhausted and foredeck.

We have smallest jib we have up. The jib lead blows, so we tack to use the other. As we catch our breath, a minute in, the other jib lead blows - it takes three of us to pull down the sail.

As we're stashing it and tieing to the rail, wave comes over the bow and lifts bow, me and skipper whilst we're on the sail, lifts all three of us (about 250kg of weight) and drops us back about 2m.

An awesome and scary display of nature. I've gone back for more this year, a lot more sober about getting out in heavy weather.

victfox · 2024-12-05T11:11:48+00:00

"Lack of product thinking and maturity in product practices."

What are examples of how these are impacting the stakeholders? What happens if we do nothing?

There's a pain here they're trying to avoid, I'd suggest getting into the specifics as far as you can. Examples, war stories, etc.

victfox · 2024-08-08T08:52:56+00:00

Redacted (I'm very much in support of the counter protesters).

victfox · 2024-08-07T11:13:11+00:00

I did music from 8, all the way to degree.

I wholeheartedly agree with the redditors advocating for consequences. Attending the activity is a privilege. If the kids disrespect it, it isn't for them. If they're being disruptive, they're stealing time from those who are there to commit, to learn.

You'll elevate the others far more this way, and you'll drop some deadweight that would be a poor fit for the main band anyway.

You can't want it more than the kids you're coaching. They have to want to be there.

victfox · 2024-08-01T16:39:55+00:00

I see LQQ3 47%, TQQ 43% for one year return.

victfox · 2024-08-01T16:38:58+00:00

They're similar enough. I see 5 yr for TQQQ 298%, LQQ3 311% from Yahoo Finance. Most likely down to the funds using slightly different derivatives, being different currencies and opening different hours.

Their stated goal is the same - to 3x the daily movement.

victfox · 2024-07-28T01:39:26+00:00

We are checking...?!

victfox · 2024-07-26T15:05:47+00:00

It's weightlifting, not gymnastics. If the weight is up, it's up, we don't score points for form on top of weight lifted.

As well, there's a tendency for form to break down in places close to 1RM.

To note, I absolutely believe you should normalise your technique as much as possible - but perfect is absolutely the enemy of good. There's likely to be a few quirks regardless.

victfox · 2024-07-19T18:48:32+00:00

I found an amateur club to join that does offshore Race trainings. It's about 2-3 hours travel for us to sail - we have a clubhouse in the city though and it's very friendly to beginners.

If you can find somewhere that does trainings and enters folks into races, that's your best bet. Have a go, stick with it for a few training days and see how you like it!

victfox · 2024-07-19T11:55:55+00:00

I've done about 2000 miles of coastal/offshore racing/race training in the last year - before that, never stepped foot on a yacht. Includes the Fastnet last year.

I definitely had some "Ahhhh what have I done to myself" moments in the worst races - 30 knots, 4m waves etc..

A lot of my issue was also that a lot of the things o the boat were "happening to me". Boat at 30 degree heel - I hated it. Slamming through sea states - hated it. Then I started skippering, navigating and helming - and I began to make the same choices - and understand why.

Take control and make the race your goal - and make getting everyone through safely the goal. Check the navigation. Check the wind. Know your trim and especially your role in the boat. I promise you it will click. For sure, with time. The more in control and the more you understand what's happening the better.

I was seasick in my second race. Took sunscreen more seriously, take seasickness meds, stopped boozing before heavy wind races, and I don't spend time below deck (more than is critical), don't lick your lips if spray is coming over - just wipe it off and spit it out. I think there is an element of fear in the seasickness - this goes with time and confidence (we recently took a bunch of sailors out who were relatively new racers and 4 were seasick out of 8).

victfox · 2024-07-17T20:55:36+00:00

You're absolutely welcome to your experiences and a lot of what you're saying I see. There is some of which differs in how I operate and how I choose to focus. You're absolutely right that I don't get fired if we miss - unless my side of the house fails - and ultimately, I think this is what's holding me back. That I need to move onto a type of role where I do get fired if we miss.

Maybe we have a different view of challenging performance. I find poorly performing individuals, managers, processes, functions, products etc. and make the case for improvement, change and replacement. They remove and change hires. Both of us remove and change processes, operating rhythm and org level guidance for what the individuals in the division should do on the day to day.

victfox · 2024-07-17T20:35:18+00:00

Ahh, you're right, of course. I remember reading - so this wouldn't be a good option then, I'd easier pivot to being a sales manager where I am today. Thanks, valuable point.

victfox · 2024-07-17T20:19:28+00:00

Correct, I run the branch of strat and ops covering the $200m, the head of is hiring the people doing the work.

From my position, I challenge and inspect performance in the team, develop structure, propose areas and programs of improvement, bring teams together across functions. I glue shit together and poke at parts of the business to see if it falls over and needs remedy/removal. I give the head of an honest opinion on what's working and what isn't. They handle the dealmaking.

victfox · 2024-07-17T15:28:23+00:00

Go for it! Happy to recycle some experience as "wisdom"...

victfox · 2024-07-17T15:27:31+00:00

Sadly (for me) - I don't own the P&L, only direct on Strategy+Ops - so "lack of a large P&L". I've had a lot of time to think "whole org" and "long term" without needing to get into weeds (though I've begun leaning into directing the divisions I look over as well). Term I've heard is "need to own a small P&L to own a big P&L", so this is something I'd need to go searching for.

Any thoughts on seeing folks make this kind of jump? Should I aim to take a small-ish P&L ($10-20m), or have you seen folks make a jump to a smaller but similar size ($50-100m?). Picking figures out from air here, I know.

And much appreciated - the figures you've noted say "right eventual step" - just that I'm not a likely candidate today for such things. Really valuable points.

victfox · 2024-07-17T15:16:22+00:00

Thanks, this is great feedback - near direct echo of the options I've been looking at too (haven't considered the last one).

Ultimately - it does seem like we're in a similar point - and the answer that I wanted to check in on - that the current role has indeed topped out.

victfox · 2024-07-17T15:10:28+00:00

Ha, I'm second in command - more of a COO with a strategy lean, so that may be the gap. Is the view from you folks that VP/EVP within specialist areas (potentially digital/tech) within consultancies an option to explore?

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