Turkey

“The information revolution, I think, enables countries to use their own cultures, languages, and so on as platforms, and Turkey is more Turkish. It's less like Europe now than it was 25 years ago. India is becoming more, I think Japan is becoming more Japanese…”

“Saudi Arabia, Egypt, Pakistan, Turkey, and Qatar look like they're hedging. They know they're reliant on America, but they're not going to be so dependent that they're vulnerable because of the lack of the leadership in two wars, Iran and Iraq.”

“The fact that Turkey still occupies 37% of the territory of the Republic of Cyprus.”

“And then one that's happened more recently was a company in Turkey where that was just so mispriced. We couldn't, you know, shooting fish in a barrel. Where the market cap when we invested in 2019 was fifteen million dollars, and now it's a billion and a half.…”

“There's a company that recently exited out of Turkey and mobile gaming that I believe was like 10, 15 people and sold for a billion dollars. They sold under one year from launch for a billion dollars. Almost all of their business Growth on the marketing and mo…”

“India was an IDA country once upon a time, and now is a donor to IDA. Turkey, China, South Korea, were all IDA countries, now donors.”

“So that was in a single year of slightly over 12,000 Brits arrested for speech acts, and that is more than were arrested that year in Russia, more than in China, more than in Turkey.”

“So he was Aga. So Aga means he's the leader of the tribe. And my father kind of didn't want to follow that tradition, but he was kind of natural leader. Now, because you're Aga, you don't have other things. Like, you know, we didn't have bicycles, for example.…”

“But compared to what it was here, the yogurt was 10 times worse. It was literally horrible. Like, it was awful stuff.”

“In Turkey, I think we lost around five hundred million. What we didn't see was rule of law was a bit of a flexible concept there.”

“I think the mistake the company made there was it left Turkey and didn't focus maybe on other markets that were similar to Turkey from a employment cost perspective.”

“Where people, like in Turkey, they're getting like, 70% inflation a year or something. It's just like, it's devastating to their entire economy. People have very high demand for the dollar and then Bitcoin. Same thing in Nigeria, et cetera.”

“And we had to make a full massive migration that took nine months. Because you had to move everything at once. That took a big hit on the business and it took two years to fully recover from that.”

“There was this horrible earthquake in Turkey, just really devastating that took out some tiny component that was one of the ingredients in this polymer, and if DuPont had still been overseeing the polymer, maybe it would have been okay, but DuPont had gotten b…”

“The first randomized control trial we have, I have some of my colleagues at Wharton was giving GPT-IV people for math tutoring in Turkey. Now, they didn't do a huge amount of, like, you know, it was an assigned class, and they used the system, but it turns out…”

“So, we don't we don't do any manufacturing. All our manufacturing is outsourced to our manufacturing partners. And this is our India, China, Thailand, Turkey, Italy, and five countries, my manufacturing partners.”

“I think there's a risk that Turkey gets challenged to leave NATO. That a lot of what's going on right now where Turkey is siding with Hamas, this has obviously been talked about and rumored about for a long time. There's no real mechanism, by the way, for kick…”

“Well, what happens is, Yemek Zapata gets bought by Delivery Hero for five hundred and eighty nine million dollars. It's the largest internet exit in Turkey's history.”

“The nomads were really isolated from the everyday life. We kind of, we were kind of people like from Mars, really. We would come to town and buy our flowers and sugars and whatever it is, and then the second we are done, we are on our horses and mules and we a…”

“But compared to what it was here, the yogurt was 10 times worse. It was literally horrible. Like, it was awful stuff.”

“We think maybe the best short in the world is Turkey right now. Turkey CDS has gone from about 400 over now to 800 over. We think it's going well over a thousand. The country is going to experience a traditional currency and credit crisis as we've seen in EM w…”

“Right now it's me, my co-founder a free person who work full-time, but they're not an official in the state because we are not, I'm not trying to relocate them here because of the situation in Russia right now, some people in Georgia, some people in Turkey, bu…”

“I would not be throwing countries like Turkey and Egypt and Saudi Arabia out of our coalition in Cold War II because we don't like the nature of their governments.”

“It turns out that there was a secret deal that was made between Kennedy and Khrushchev. It was a reciprocal concessions deal. Kennedy said, if you will remove your missiles from Cuba, we'll remove ours from Turkey that are pointed at you.”

“In Getir, Turkey, in six years, we have scored very well in all these aspects. We saw them buying more from us, buying more frequently, and all the time these numbers are increasing.”

“What matters is this, your per hour cost of the delivery versus the basket, the ratio there. So let's say if my labor costs in the UK is twice as much, and my basket size is 2.2 times as much, my labor, although I pay twice, is less in the UK than Turkey. It's…”

“Wouldn't I have learned more about Turkey by reading three books about Turkey, maybe watching the top five most popular movies in Turkey, and maybe scheduling phone conversations with 20 people from Turkey? You know, that's the same number of hours invested, b…”

“In India, people still open it like they did in the U.S. 10 years ago, and they forward even higher rates. They don't care. They'll forward everything to everybody. And so, India, Turkey, all these little countries where we would see this crazy growth that you…”

“For example, in Russia it's, or in Brazil, it's really popular nowadays. But for example, in Turkey, in Europe, or for that matter, in the United States, it's, it turns out that it's harder to convert signups to active users.”

“So recently Turkey decided to block Wikipedia and it was very easy for them because all they had to do was intercept, you know, the connection between all Turkish users and the Wikipedia servers outside of Turkey. And so that was like very trivial blocking, bl…”

“The food service service there, the seamless of Turkey is a company called Yema Sepeki, which just got acquired for over six hundred and fifty million dollars, and there have been several multi-hundred million dollar exits there.”

“One and a half million Greeks left their villages and towns in, in Turkey, and they were settled in Greece, and about half a million Turks and Muslims left northern Greece, and they went to Turkey.”

“We're trying to deplete, displace competitors and key markets, and we've done that in France, Brazil, Russia, Turkey, Thailand, Italy, and trying to do that the rest of the world.”