Noted short-seller and equity valuation skeptic Jim Chanos once described the TAM of space companies as infinite, because space itself is infinite. This pessimistic take anchors our low-end fair value estimate of PEP to $infinity / share. Since PEP currently trades at around $170 / share, we believe there is considerable upside to the long term buy and hold investor.
I'm inspired by Jello Biafra's H2K2 keynote where he brought along a vinyl record of corporate training songs: https://www.youtube.com/watch?v=foFCd5xOrh0
Check it out @ 2:11:28 ; the crowd goes wild for Pepsi:
"Out there It's a Pepsi universe Thriving since time began
On a steady course At a steady pace Bringing pleasure everywhere All through time and space
And up here In the Pepsi enterprise We have one perfect plan: To bring Pepsi refreshment to all constellations
And if anyone can succeed We know we can It's all there on history's pages One refreshment through the ages
[Spoken] Pepsi is the universal refreshment, but has it always been that way, Professor? [Spoken] As far as I can remember.
We're proud that the Pepsi enterprise Never, ever stands still 'Cause the company's working Side by side with our bottlers And if anyone can succeed We know we WILL! "
Edit: Upon further reading about the guy who's behind this, Peter Arnell, it turns out he's possibly the harvey weinstein of the marketing business[^1]. It's a huge shame that neither this pseudointellectual bullshit, nor his string of workplace abuses, ruined his career. A consolation is that in 2011 his company got bought out and he got sacked.
[^1]: The Newsweek article is a good read here: https://www.newsweek.com/crazy-genius-brand-guru-peter-arnel.... There's also a Gawker piece that gives a pretty clear idea of how big of a piece of shit this guy is if you can stand the fact that it's Gawker: https://www.gawker.com/244608/new-yorks-worst-bosses-peter-a...
https://www.cbsnews.com/news/why-the-firing-of-weird-design-...
https://www.thebrandingjournal.com/2015/05/what-to-learn-fro...
if you were running a multi-billion dollar sugar water company whose main moat is the brand, and spent hundreds of millions on ads each year as one of the key line items in the budget, you too would want this level of sophistication and thought put into a brand refresh. Probably even more.
And you can imagine that this document was debated for weeks or months by the highest level executives as well as whole departments of marketers. They probably had multiple documents like this from multiple agencies. With that level of internal debate, all the granular side-by-side process diagrams are a necessary part of the UX here, to guide along the audience that only sees the pdf and can't talk to the agency designers.
Typical Light Path > Typical Shopping Aisle
Light Path with Gravitational Pull > Gravitational Pull of Pepsi
Relativity of Space and Time > Pepsi Proposition / Pepsi Aisle"a form of paid employment that is so completely pointless, unnecessary, or pernicious that even the employee cannot justify its existence even though, as part of the conditions of employment, the employee feels obliged to pretend that this is not the case."
So I guess this is the "progress" we can offer to humanity, pretty pictures and shapes with psychological tricks for corporate speculation and self-validation.
Also known as “the circle”.
Credit where credit is due, it takes confidence to make this kind of pitch with a straight face.
Story time...
This one time, I was reviewing a design with a client. We were going through this new page design in Figma. In the Zoom meeting, there were people from Marketing (SEO, Social, etc.), Legal, Product managers, developers, and a bunch more of which I don't even know why they joined the meeting.
What happens during those types of meetings is that someone, usually the person highest in rank, puts the following words on the table: "so what do you guys think, thoughts?".
That's where things start to get messy...
In a large corp, when the boss puts that question on the table, people start to feel itchy. They want to say something clever and impress the rest of the team. Automatically their starting point is: this design isn't good and needs my clever input, so I can impress the boss and put my stamp on the project.
The design that was basically approved by the same stakeholders over email, suddenly was getting 'feedback' from left and right.
'Make the font bigger'
'Make the font smaller'
'I don't like the shadows here'
'I really like how Competitor X, does it, can we do something exactly like that'.
I tried pushing back, but it was too late. I was getting swamped in seemingly clever input from people that were just trying to impress the next person.
We went back and designed 2 pages, one we thought was right, and the other one based on all the feedback that people were sharing.
Their CEO went with option 1 luckily, but it wasted a ton of time for no good reason.
Just looking at the PDF, I can imagine the conversations that lead to that 'design strategy'. Large design agencies know how to play this game, don't really care about great design and usually employ great story tellers to sell the idea to clients for big bucks.
Can anyone tell me if there is even an iota of meaning in the design process?
When an engineer does it for the design of rollercoasters or boats, it gets praised.
https://blogs.lt.vt.edu/2ndyearidlab/author/hohsuan/page/2/
I see little difference of concepts used for the 'fair curve' and those of designing a bottle.
I left wondering if I was the only one that noticed they'd said and shown nothing at all.
I had seen it before (maybe here in HN), but I was convinced that it was a prank.
Can anyone confirm the authenticity of this ?
The document is almost unbelievably over-the-top. I think that it must be an intentional parody of marketing-speak. If you think that it's not, can you offer any evidence in support of your view?
I wonder what was created first - the agency creating the new logo (and then backing into the justification for it), or did the justification for it actually come first & that lead the agency down the path to how the logo was ultimately created.
Symbolism is all around, in logos, advertising, architecture, etc. Personally I see too many modern designs, even art, merely being 'visually appealing' or 'fashionable', without any reasoning, coherence, references, or anything behind them.
Just use common sense and first principles and you can make a logo. Make sure it doesn’t look like a you-know-what and you’re golden.
Thought experiment: can a logo that heavily uses the Golden Ratio actually look bad? It could be the ultimate 'design for dummies' hack.