Justin Liberman retweeted
Right now there is a serious anti semitic incident in Australia on a daily basis.
Life for Jews in Australia is subtly and not so subtly different to life for other Australians.
Our schools are protected by armed guards and barbed wire, when any Jewish community org holds an event it withholds the address until a few hours before the event and the event is manned by volunteer security guards, Jews have been doxxed and subject to vile harassment for being Jewish, community members are in a state of siege and fear.
We are a community of 120,000 that was largely established from the ashes of the Holocaust 80 years ago. That includes my family; my mum survived the Holocaust and arrived in Australia with the tiny remnants of a large extended family in the late 1940’s.
We have given a lot to Australia as a community and received much in return. Our contribution includes two heads of State, a High Court Chief Justice, Australia’s greatest soldier and a Federal Treasurer as well as many others who have transformed the country in the arts, law, business and the community sector.
Social cohesion in Australia is at an all time low and a tiny community making up 0.5% of the Australian population is in the firing line.
It is completely legitimate to hold varying views on the war that has taken place between Israel and Hamas and the other Iranian proxies.
It is not legitimate to glorify savage attacks on civilians and it’s certainly not legitimate to take the hatreds from the Middle East and create a climate of fear for the Jewish community in Australia.
There have been some remarkable displays of support for the Jewish community from a wide cross section of Australians.
To those who have sat on the sidelines to date we need your solidarity and explicit support.
These actions by anti semites are not acceptable in Australia.
And to those who are going to reply with “what about the people of Gaza”, my heart breaks for innocent civilians that have suffered in Gaza and other parts of the Middle East.
Justin Liberman retweeted
Please see my letter today to @Harvard governing boards of directors:
December 10, 2023
Dear Members of the Harvard Governing Boards:
In her short tenure as President, Claudine Gay has done more damage to the reputation of Harvard University than any individual in our nearly 500-year history.
Because of her failure to condemn the most vile and barbaric terrorism the world has ever seen, for supporting rather than condemning 34 Harvard-branded student organizations who hold Israel “entirely responsible” for Hamas’ barbaric acts, for failing to enforce Harvard’s own rules on student conduct, and for her other failures of leadership, President Gay catalyzed an explosion of antisemitism and hate on campus that is unprecedented in Harvard’s history.
In light of Harvard’s leadership position, President Gay’s mishandling of October 7th and its aftermath on campus have led to the metastasis of antisemitism to other universities and institutions around the world.
President Gay’s actions and inactions have gravely interfered with the ability of students to continue to learn at Harvard and for its faculty to teach and do research. Classes are continually disrupted by protesters who use bullhorns and other disruptive methods, and the offending students suffer no disciplinary action.
Literally, as I write this post, highly disruptive protests are underway inside Widener Library while students are trying to study for final exams and finish their term papers during the last two weeks of the semester.
As a result of President Gay’s failure to enforce Harvard’s own rules, Jewish students, faculty and others are fearful for their own safety as even the physical abuse of students remains unpunished.
President Gay’s absurd explanation for the lack of disciplinary action for the October 18th HBS incident was that the University cannot discipline students until the HUPD and FBI investigations are complete. To date, I am unaware of any disciplinary actions taken for the October 18th incident nearly two months later.
President Gay’s principal response to address antisemitism on campus was to set up a task force. Within a few weeks of its formation, @RabbiWolpe, the only rabbi on the task force, publicly announced his resignation from the committee. In an @X post, he explained:
“The short explanation is that both events on campus and the painfully inadequate testimony reinforced the idea that I cannot make the sort of difference that I had hoped.”
He later explained on news television that:
“I came to the conclusion that I was not going to be able to make the kinds of changes I thought Harvard needed,” saying the committee had “accountability without authority.”
President Gay’s failures since October 7th led to a Congressional investigation of her conduct. This outcome on its own is an incredible embarrassment to Harvard. I have been unable to identify any former Harvard president being the subject of a Congressional investigation since the establishment of the Congress in 1789.
President Gay’s entire testimony was abysmal. She was disrespectful and condescending to the Congress. She was a hostile witness, unwilling to answer direct questions from members.
In words that will forever live in infamy, President Gay’s response to the question:
“Does calling for the genocide of Jews violate Harvard’s rules regarding bullying or harassment?”
President Gay: “It depends on the context.”
My X post which shared the excerpt of the three university presidents’ testimony has been viewed more than 106 million times, and condemned in comments and reposted by more than 80,000 people from around the world.
President Gay’s testimony was also slammed by Harvard Hillel:
“President Gay’s failure to properly condemn this speech calls into question her ability to protect Jewish students on Harvard’s campus... President Gay’s testimony fails to reassure us that the University is seriously concerned about the antisemitic rhetoric pervasive on campus.”
And by her most liberal supporters:
Professor Emeritus Larry Tribe @tribelaw: “[Her] hesitant, formulaic, and bizarrely evasive answers were deeply troubling to me and many of my colleagues, students, and friends.”
President Gay’s failures have led to billions of dollars of cancelled, paused, and withdrawn donations to the university. I am personally aware of more than a billion dollars of terminated donations from a small group of Harvard’s most generous Jewish and non-Jewish alumni. I have been copied and blind copied on numerous letters and emails to the University from alums who have written scathing letters to Gay and/or the Board withdrawing donations.
President Gay’s actions and inactions have exposed Harvard to substantial legal liability due to alleged violations of Title VI of the Civil Rights Act of 1964 putting at risk Harvard’s Federal funding, tax-exempt status, and creating the risk of substantial financial liability to the University from private plaintiffs.
President Gay’s Failed Leadership Did Not Begin with Her Presidency
During her tenure as Dean and now as president, Gay has squelched speech she disfavors while defending and thereby amplifying vile and threatening hate speech, exhibiting a remarkable double standard. In the words of Professor Steven Pinker:
“Claudine was technically correct that students can’t be punished for political chants, but when Harvard et al. have no prior credible commitment to academic freedom, institutional neutrality & viewpoint diversity, the born-again appeal to principle seems incriminating.”
Free speech deteriorated materially under Gay’s deanship and presidency as evaluated by the Foundation for Individual Rights and Expression (FIRE). Harvard’s free speech ranking has deteriorated each year over the last four academic years to a ranking of 0.00 or last out of 254 universities this past year. According to FIRE, Harvard is the only university with an “abysmal” speech climate. In my letter to the board of December 3rd, I quoted Harvard faculty I interviewed on the lack of free speech at Harvard. I encourage you to read what they had to say.
Gay has presided over discriminatory hiring practices at Harvard. The faculty have been told in no uncertain terms that candidates that do not meet DEI criteria will not be considered for certain faculty positions.
As Dean, Gay showed no respect for basic American legal principles when she fired Harvard Law School Professor Ronald Sullivan as residential dean for taking on the legal defense of Harvey Weinstein. President Gay should hope that someday when she needs counsel, she will be able to obtain quality representation for herself.
DEI and the Office of Equity, Diversity, Inclusion and Belonging (OEDIB)
In recent weeks, I have learned a lot about DEI practices at Harvard and have come to the conclusion that the Office of Equity, Diversity, Inclusion and Belonging, which was formed in 2019 under Dean Gay’s oversight and vision the year after she became Dean of FAS, is none of those things. In fact, the actions of the OEDIB have led to preferences and favoritism for certain racial, gender, and LGBTQ+ groups at the expense of other groups, and made some members of the Harvard community feel included at the expense of others that are excluded.
When I mentioned in my December 3rd letter to President Gay that among others, Jewish, Asian, Indian and straight white male students were excluded from the benefits of the ODEIB office, her solution to this problem, which she outlined in an email to the Harvard community, was to propose that the OEDIB include Jewish students in some manner. This is not right answer.
The OEDIB is a major contributing source of discriminatory practices on campus and highly damaging to the culture and sense of community at Harvard. It is beyond repair and should be shut down.
I do not mean to suggest whatsoever that the goal of a diverse university that is welcoming for all should be abandoned. Rather, the OEDIB is not the solution as it is fundamentally an organization with political objectives that are inconsistent with achieving true diversity and inclusion at Harvard.
The OEDIB’s definition of equity is also inconsistent with Harvard excellence. Over its nearly 500-year history, Harvard has been a beacon for excellence based on the equality of opportunity it offers, not by promoting a system or ideology which forces or requires the equality of outcomes.
On the Decision to Terminate President Gay
Last Thursday, December 8th, a bipartisan coalition of 72 members of Congress issued a public letter to the Harvard governing boards demanding President Gay’s termination. It is rare that our Congress has been able to accomplish anything in recent years in a bipartisan fashion, let alone in a matter of days. Congress’ decisive action here speaks volumes.
In the last 24 hours, a petition has been circulating among the Harvard community which asks the board to fire President Gay. I expect it may already have thousands of signatures.
As Charlie Munger of blessed memory advised: “Invert, always invert,” i.e., turn a situation or a problem upside down to better understand and solve it. Using Mr. Munger’s rubric, let’s assume that the office of president at Harvard were vacant.
Knowing what we know now, would Harvard consider Claudine Gay for the position? The answer is definitively “No.” With this simple thought experiment, the board’s decision on President Gay could not be more straightforward.
The Search Process for a New President
I was recently accused by several bloggers and other commentators of being a racist when I shared that the board, in the search process that led to the hiring of President Gay, would not consider a candidate for president that did not meet DEI criteria. I have confirmed now from multiple sources that the search committee that led to President Gay’s appointment excluded non-DEI eligible candidates from the process.
To set the record straight, my criticism of President Gay would be unchanged if her gender, race, and/or LGBTQ+ status were different.
As I am sure the board is well aware, a search process which excludes potential candidates based on their racial, gender, sexual preference or other similar criteria is inherently a discriminatory and/or racist process, which is illegal under the law.
In the likely event that Harvard launches a new search process for president, to state the obvious, all candidates regardless of ethnicity, gender, sexual identity, and/or political views should be considered for the position.
The board also needs to also launch a detailed investigation into discriminatory hiring practices at the University, and put in place measures to ensure that these practices never again occur.
The events of the last two months have taken a devastating toll on the Harvard brand and its community at large. With the right leadership and governance, Harvard can be restored to its historic stature as one of the world's leading research and educational institutions comprised of a diverse and welcoming community which fosters free speech, encourages diverse viewpoints, and provides an environment that preserves academic freedom.
I am highly confident that Harvard, the governing boards, and the Harvard community at large will greatly benefit and learn from this experience. As I often say, experience is making mistakes and learning from them. The mistakes that were made that led to recent events began many years, if not decades, ago.
Let’s make sure that we use this opportunity to fundamentally repair our beloved institution for it is incumbent upon us as the current stewards of Harvard. We are all collectively responsible for the currently impaired status of our historically esteemed institution.
I am grateful for the role all of you serve on behalf of the entire Harvard community. Thank you for your service.
I would be delighted to help the governing boards and Harvard in any way that I can. Please call upon me at any time.
Sincerely,
William A. Ackman, A.B. 1988, MBA 1992
Justin Liberman retweeted
I was shocked at the refusal to condemn calls for genocide during yesterday's Congressional testimony from the presidents of MIT, Harvard, and Penn. I ended up watching a few hours of the hearing, and the answers were shamefully evasive and equivocal throughout. As an alum (albeit fleeting) of the first of those institutions, it appears that something is very broken.
teapaw.org/i/status/1732179…
(More from the White House, @AlbertBourla, and @tylercowen:
• nbcnews.com/politics/white-h…
• teapaw.org/AlbertBourla/sta…
• marginalrevolution.com/margi….)
I was ashamed to hear the recent testimony of 3 top university presidents. In my personal opinion, it was one of the most despicable moments in the history of U.S. academia. The 3 Presidents were offered numerous opportunities to condemn racist, antisemitic, hate rhetoric and refused doing so hiding behind calls for “context.” The memories of my father’s parents, Abraham and Rachel Bourla, his brother David and his little sister Graciela, who all died in Auschwitz, came to mind. I was wondering if their deaths would have provided enough “context” to these presidents to condemn the Nazis' antisemitic propaganda.
And because dehumanization of the victims makes it easier to “set your own context” and justify anything, here is a picture of Graciela Bourla, who was exterminated in the concentration camp at the age of 17. Unfortunately, no pictures of my grandparents and uncle survived. I still wonder what they looked like.
Roll call of nation’s leaders take on Jewish hate surge theaustralian.com.au/nation/…
Justin Liberman retweeted
Tushar Roy, partner at @SquarePegCap tells us about the opportunities in Southeast Asia, as they look to raise $550 mn for startup investment. @martinsoong @cnbcsri
Square Peg to raise $550 mn
Square Peg to raise $550 mn
Justin Liberman retweeted
I am lucky enough to be a beta customer on the @AmberElectricAU smartshift program that dynamically controls my battery. So cool to watch it hold fire all day yesterday so that it could catch the price spike last night. If you have a battery worth registering.
Justin Liberman retweeted
Incredible year for @ZellerAustralia
Raised $81m in 3 rounds, hired 75 people & acquired 1500 customers in 4 weeks post launch. Awesome work @benpfisterer Dom & your amazing team. Memo to small biz: switching to Zeller is a no brainer
@SquarePegCap
techcrunch.com/2021/06/22/au…
Justin Liberman retweeted
We first met @mikebaukes and @asharppaul in 2012, when they were less than 12 months into their journey. It was one of the 1st investments we made at @SquarePegCap and we have been working with them for 9 years now. I absolutely love working with the guys.
A special milestone for the brilliant @UpGuard team as they continue to make the digital world safer.
afr.com/technology/iag-squar…
Justin Liberman retweeted
The world-class teams from @vendhq and @LightspeedHQ have announced they're joining forces to help more retailers enrich the communities they serve. 🎉
lightspeedhq.com/news/lights…
Justin Liberman retweeted
We've published @PaulBassat and Orly Amir's investment notes. ✍️
“The future of work consists of learning a living” - Marshall McLuhan, 1967
squarepegcap.com/blog/invest…
Justin Liberman retweeted
Since launching @HealthMatchio in 2017, @manuri_g and the team have proven their ability to place patients, at scale, into the most complex and important clinical trials.
We are thrilled to again be leading their funding round.
afr.com/technology/healthmat…
Justin Liberman retweeted
Former WWE wrestler James Harris has died at age 70, according to a news release from the wrestling company cnn.it/2XIcxwA
Justin Liberman retweeted
Like everyone else, we are worried about the current situation with COVID-19 and shared some observations with our portfolio. squarepegcap.com/resources/l…
Justin Liberman retweeted
We are thrilled to partner with @HealthMatch_App, a healthcare startup matching patients to clinical trials through; co-leading their $6m Series A round. 🇦🇺
afr.com/technology/aussie-he…
Justin Liberman retweeted
Growth Spurt! We are looking to add 3 people to the @SquarePegCap team in Aus. If you are a rockstar, love tech, love backing outstanding ambitious inspirational people, and love having fun whilst you work, check out these roles (1/2)
Justin Liberman retweeted
Join the team!
We are hiring a Senior Associate/ Principal in Sydney to supercharge our investment team and back more outstanding founders. 🚀
squarepegcap.com/resources/j…
Justin Liberman retweeted
Join the team!
We are hiring a Portfolio Analyst in Melbourne to help us make critical decisions related to the investment process for our portfolio. 🚀
squarepegcap.com/resources/j…
Rokt:the scientific marketing company-
itwire.com/business-it-news/…












