Stereotypical Casino Food

casino-food-casino-buffet-chicken-fried-steakThis afternoon, Ruby stopped by and asked me to go to the casino with her.  I always enjoy spending time with family and was happy to do so, despite my general distaste for casinos (as an investor, I know the probability tables and payout ratios for most of the games; I love owning casino stocks but find myself unable to play the games without feeling like I’m doing something foolish).

As she went into play, I grabbed dinner because I hadn’t eaten.  I sat down with a book I picked up at Barnes & Noble the other day, Search Engine Marketing, Inc. and read for about an hour.  It’s one of the best books on the topic I’ve ever seen, to be honest.

I couldn’t help but taking a photo of the buffet dinner because it made me laugh.  It’s so unbelievably stereotypical of a Midwestern casino, complete with the 500 pound, chain smoking senior citizens sitting in the booths next to me.  I know it’s wrong, but it’s funny.

After some time, I ended up going in and losing $25.  It’s amazing because a $50,000 fluctuation in the market price of an investment doesn’t phase me but I just can’t take the tiny loss because I knew the probabilities were against me from the outset.

One really bright note: The casino served Douwe Egberts coffee so I was happy.

How to Read an Income Statement Updated

I spent last week rewriting and expanding the How to Read an Income Statement feature at the About.com / New York Times Investing for Beginners site.  It ended up being roughly 43 pages and nearly 20,000 words so it was a bit more than I anticipated but it should be worth it!

 

Abercrombie & Fitch Financial Statements

These financial statements are for reference purposes when reading my investing lesson on how to analyze an income statement at the Investing for Beginners About.com site.  I’m working with the network on trying to figure out how to integrate them directly into the page but the length of data seems to be a problem.  Sorry for the inconvenience!

abercrombie-and-fitch-income-statement-analysis

abercrombie-and-fitch-balance-sheet-statement

 

Vanilla Cake with Blueberries, Peaches, Strawberries, and Whipped CreamAaron decided to make a vanilla cake with strawberry drizzle, fresh blueberries, roasted peaches, and whipped cream for our guests from Ohio and it was enjoyable.  I got a serving of it tonight and took a picture of it with my iPhone.

The recipe came from a cookbook I picked up at Borders that specialized in reproducing some of the best and most renowned dishes at America’s finest four and five star restaurants.  The cake itself was a tad bit on the dry side.  I think it would be perfect if it had been soaked in an almond liquor to provide that same amazing flavoring that German Christmas cakes have (I forgot the precise name off the top of my head but they are absolutely unbelievable).  It would have been just the thing to turn something very good into something people talked about for years.  If I can find an appropriate quality amaretto, this may be something that we try again in the autumn.

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Fable 2 Limited Edition Box Set for XBOX 360It’s remarkable that the same concepts that allowed me to be effectively retired by my mid-twenties allows me to frequently become rich in video games. That’s the nature of compounding.  It is a law, exactly like gravity.

This weekend, Ashly and Ian drove in from Columbus to visit – they are thinking about relocating to this area next March so that she can work with us on the businesses and he can work as a nuclear engineer at a nearby facility.  Right now, she’s a risk mitigation analyst at a well-known bank, so her skills would be a useful addition to the staff.

Anyway, as we were out having Chipotle and Coldstone, we stopped by a nearby video game store and went in just to see if anything was new.  I came across a game called Fable 2 and, having seen the preview of the original fable on the XBOX 360 Live service, it interested me.  Long story short, I picked up about $100 worth of games and merchandise, figuring I’d get to play them when I had time.  Given the fact we’ve quintupled the number of e-commerce sites under our control in the past six months, that seemed like a long, long time away, frankly.

Um.  No.  As Aaron et. al., made the Julia Child beef bourguignon recipe, Ashly suggested I start playing the game (I’d grown hesitant when I realized it was rated M, which I incorrectly assumed was used only for grotesque violence).  None of us had any idea what we were getting into when we turned on the console.


The Premise of Fable 2
The premise of Fable 2 is simple.  As in life, every choice you make influences the quality of your soul and the outcome of your journey.  Your choices are pretty much like those that every man and woman has when they are born – be good by giving money to orphans, helping those in distress, donating clothes, charging below-market rent to those in poverty, and working to rid the world of evil, or you can be evil by murdering innocent people, having unprotected sex and catching STD’s, terrorizing cities, gambling, stealing, sacrificing people … you name it.

When I say there are practically no limits, I mean it, even in details that are absent in other games such as growing fat if you eat too much food or your character’s sex life (e.g., you can raise a family, go the church (in the game, “The Temple of Light”), and become known as a prude, or you can have homosexual orgies, get drunk, and vomit in the town square after a night of pub games during which you amassed large gambling debts).  Before I continue: For those who think games like this are offense, that’s irrational and unjustified.  We, as humans, have these same choices in life.  It’s called free will.  Why is it okay for us to have the God-given right to self-determination in the physical world, but demand punishment for software studios that do the same in virtual ones?  It’s a mental malfunction to think like that.

Sometimes You Just Have to Accept Who You Are – And I’m a Capitalist
The first three days I played Fable 2, I did nothing but work in the game, earn money to buy real estate and businesses, and then for the rest of the time, didn’t need to exert any effort because I was able to live off the dividends generated from these assets.  It mirrored the precise course of action I followed in my own life beginning with my decision to become an investor when I was ten years old.

Here was my plan for becoming a millionaire without cheating … (more…)

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The Douwe Egberts Coffee Machine at Headquarters

One of the first things I did when my original company became successful was to order a Douwe Egberts coffee machine for the breakroom.  For the uninitiated, Douwe Egberts coffee is the best in the world.  There are no exceptions.  In fact, I was visiting someone in a town called Branson, Missouri several years ago and there was a restaurant that had the perfect cup of coffee.  The waitress took time to go in the back, write down the name of the machine, open it and find the precise blend of coffee inside, and a lot of other data that went above and beyond what I asked (she was tipped very well).


Basically, this has no meaning to anyone except those of you who knew me growing up and realized how much I wanted this machine.  It’s … well, it’s everything that it promised to be and it doesn’t get old.  It’s so amazingly cool to me that all I wanted when I was ten years old, reading Value Line reports in that little wooden library cubical was to have my own office, invest money, and drink gourmet coffee out of gold rimmed china.  I’m there.  Now, It’s just a matter of compounding and seeing how big I can get this empire.

How the Douwe Egberts Coffee Machine System Works
The principle behind the system is that each cup of coffee should be absolutely perfect, brewed in seconds, and taste precisely the same as the 1,000 cups before it and the 1,000 cups after it.  To do this, the coffee itself is brewed in factories by white-gloved scientists roaming around with clipboards, examining every stage of the production process.  The finished coffee is concentrated to an incredible degree and shipped in frozen boxes to distributors, which then take them to restaurants and offices.  The Douwe Egberts system machines reconstitute the coffee based on your desired brew strength inputs, infusing extremely hot water and dispensing the finished cup in a matter of moments.  Thus, there is never any brew time or waiting.  You simply walk up to the machine, press a button, and your perfect cup of coffee is in your hands before you realize what’s happened.

The Douwe Egberts Cafitesse C60 coffee system machine allows us to brew coffee, cappuccino, espresso, and other beverages in a matter of seconds.  It was something I had wanted for years and when the original company became successful, it was brought in immediately.

The Douwe Egberts Cafitesse C60 coffee system machine allows us to brew coffee, cappuccino, espresso, and other beverages in a matter of seconds. It was something I had wanted for years and when the original company became successful, it was brought in immediately.

The Machine We Bought and Had Delivered
The specific machine we bought was the Douwe Egberts Cafitesse C60, which allows us to make cappuccinos, espressos, black coffee, and one other drink of our choice.

Cost of the Douwe Egberts Coffee System
Ordinarily, the machines are provided as a result of the volume of coffee ordered by the office or restaurant.  Since our business model is based upon an incredibly low amount of human effort, instead relying on technology to pair up vendors and our customers, we knew there was no way we would consume thousands of cups of coffee so we bought the machine outright and pay for periodic deliveries from a local distributor.  Off the top of my head, I don’t recall how much it cost but it was a couple thousand dollars for the machine alone, then we had to have it hard wired into a water line so it could work effortlessly.  I want to say the coffee itself and supplies are somewhere around $200 or $300 per month.  Again, I don’t remember but I’m fairly certain that’s close.

Burger King Now Uses the Douwe Egberts Coffee System
As a matter of fact, a few years ago, Burger King switched its entire coffee system to Douwe Egberts and its sales in the category have markedly improved according to the releases sent out by corporate.  The guy that setup our machine actually told us that he could match the exact percentage settings if we wanted to replicate the taste by modifying the reconstitution numbers but I actually went a little bit stronger because I like a severe kick to my coffee (not Starbucks black coffee strong, though – that stuff is horrible despite the beans being great). (more…)

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