Phalanx Investment Partners

Today is National Coming Out Day. For many, this might seem like just another day. But for some, it represents an opportunity — an opportunity to step into their truth in a world that, even in places that seem accepting, can still feel daunting and unsafe. The reality is, no matter where you live, coming out is not easy. It’s a deeply personal decision, one that takes courage. It’s a decision that many make knowing it might come with rejection, misunderstanding, or even the loss of relationships. Some might think they live in a town or city, or work in a workplace, that embraces diversity and incusion. Remember for those struggling to come out, they might not know that you or your peers are allies. The fear of being unable to live authentically is a very real struggle for many. It’s a significant reason why we see such high rates of homelessness among LGBTQ+ teens. Imagine feeling that being who you are puts your safety, home, and relationships at risk. No one should have to face that choice. That’s why today matters. It’s not just a day for those who are thinking about coming out; it’s a day for all of us to reflect on how we can be better advocates and allies. Being an advocate doesn’t require grand gestures. It can start with being there for someone, listening without judgment, or supporting workplace initiatives that foster inclusion and allyship. Small steps can create a ripple effect of safety, acceptance, and support. To those contemplating coming out, know that you’re seen, you’re valued, and there’s a community ready to stand with you. Let’s continue creating spaces and supporting causes where no one has to question whether they can be their authentic self. Please consider reposting to help spread this message. #NationalComingOutDay #BeAnAlly #LGBTQSupport

The Icarus of Our Times: The Fall of Virgin Galactic The journey of Virgin Galactic (SPCE) from its early heights to now serves as a sobering reminder of the pitfalls that accompany 'cool' ideas with flawed business models. Virgin Galactic's story is not unique but represents a broader trend where commercial viability or environmental impact are often overlooked in the rush toward futuristic fantasies. From its very start, Virgin Galactic was promoted with unachievable claims. In 2019, when Virgin Galactic announced that it would go public with financial support from investor Chamath Palihapitiya, he and Richard Branson appeared on CNBC. Palihapitaya predicted Virgin Galactic would be profitable in mid-2021. Virgin Galactic was not profitable by 2021 and has not yet been profitable. It may never be profitable. In mid-2023 (3Q23), Virgin had an operating loss of more than $100 million. However, after its IPO, the shares soared. In July 2021, with the stock at about $50, I posted on Twitter that "Space tourism is like burning orangutans to cook Kobe steaks - it is environmentally disastrous just to feed the curiosity of the extremely wealthy. Worse, since orangutans don't explode and kill everyone at the dinner. Space tourism is a very bad idea both environmentally and commercially.” This stark metaphor, while provocative, was not just a fleeting thought but a deeply considered warning. Perhaps Branson and company listened. Recent media reports state that Richard Branson has sold more than $1 billion of stock between the IPO and now. Virgin Galactic's early backer and former Chairman Chamanth has sold his entire personal stake, worth more than $300 million. He also stepped down from his role as Chairman. When a founder decides to offload stock in a company that continues to bleed money before the business model has come to fruition, it should be a warning, as should be missed profitability timelines. While Virgin Galactic did not crash because of its environmental profile, I also like that it makes space tourism even less likely, which is good for the planet. And while the journey from $50 to $2 was alarming, what now looms is the possibility of $2 dwindling to $0. There are more investment and governance lessons embedded in the Virgin Galactic story, but let's leave that for another time. Most importantly, as board members and investors, our roles transcend profit calculation. It's about foresight, about discerning the fine line between innovation and irresponsibility. #VirginGalactic #SPCE #SustainableInvesting #EnvironmentalImpact #InvestmentWisdom #investing ?

In a $200 million+ deal, Medtronic and Cosmo Pharmaceuticals forge a broader AI partnership. This strategic alliance promises innovative solutions and improved patient outcomes. As a board member for Cosmo and an advocate for true advancements in healthcare, I'm inspired by this significant commitment and leap forward. Check out the full details of this transformative collaboration here. #AIHealthcare?#Innovation?#MedtronicCosmoPartnership Medtronic and Cosmo Pharmaceuticals forge ahead in AI-driven care?https://prn.to/3RkDPo0