Mistwalker Studios Might Just Eclipse Square Enix

Lost Odyssey by Mistwalker Studios

Lost Odyssey by Mistwalker Studios

For a long time, I wanted to be a video game programmer.  When I was still in elementary school, I saved up the $200 or so dollars for an entry-level version of Microsoft Visual Basic, went to trade shows to buy software on 5″+ floppy disks, and worked on creating my own version of the original Legend of Zelda in Microsoft Basic.  At some point, however, my obsession with finance overcame everything and the idea of sitting in a skyscraper, reading stock reports, and compounding money for the sheer joy of building something eclipsed the video game dream.  The reason was simple: I realized that if I achieved the empire on the financial side, I could someday just buy or establish a video game company.  If I became a low-level code monkey, on the other hand, I couldn’t have the other.  It was a case of having my cake and eating it, too.  Perhaps I should have known my idea of fun was spending hours playing Duck Tales on the original NES, shuffling Uncle Scrooge around the world to acquire treasure.

Looking back, Squaresoft, and later Square Enix after the merger, released a series of games including Final Fantasy, Chrono Trigger, and Kingdom Hearts that eclipses nearly ever other development house in terms of pure quality and fan obsession.  The only notable exception would be Nintendo, which owns the original hall-of-fame franchise covering Mario, Luigi, Bowser, Samus Aran of Metroid fame, Link and Zelda from The Legend of Zelda, and Donkey Kong.  The problem with Square Enix is that it seems like the last unbelievable game that was released under its banner was Final Fantasy X.  That was nearly ten years ago.  I was in college.  That should put it in perspective. (more…)

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DeLong was the nation's largest privately owned manufacturer of award jackets and team uniforms.

DeLong was the nation's largest privately owned manufacturer of award jackets and team uniforms.

If you are involved in the sporting goods industry, you probably know that there are only a handful of companies that manufacture letterman jackets in the United States.  Among the biggest was a company called DeLong Sportswear, headquartered in Grinnell, Iowa.  A few months ago, rumors are that DeLong went into Chapter 7 bankruptcy and was scheduled for a liquidation of assets (although some sources say DeLong merely closed its doors and didn’t actually file).  The town in which the firm operated for more than 150 years was given virtually no warning and employees were given a day to clean out their work stations at the factory, according to some things I’ve read.

We always maintain multiple vendors at our companies, and this is an example of how that policy has protected us.  At Mount Olympus Awards, we sold thousands of DeLong jackets each year but we never allowed them to dominate our product offerings, instead spreading out our business among multiple vendors. 

The truth is, my father, who has decades of experience in the sporting goods industry, called Aaron and I and warned us to virtually pull out of all DeLong products nearly six months before the company shut its doors. How did he know something was up with the firm?  He and my mom founded and own a company called Chenille Appeal, which is one of the nation’s largest wholesale chenille manufacturers.  They focus on selling only to a network of wholesale sporting goods stores (as opposed to my company, which sells to retail customers and team dealers).  Anyway, during a call with customer service at the height of the busy winter selling season, the representative mentioned that they would be receiving a new shipment of a particular material in sometime during the week.

Knowing the letterman jacket and varsity jacket industry, my dad realized that a company the size of DeLong Sportswear should be drowning in cash during the winter and if they were unable to afford basic materials during the busy season, they couldn’t survive past another summer.  After he told me this, I immediately, and quietly, shifted our sales to some other companies without missing a beat.  The only exception were seven or eight orders that caused us a tremendous amount of grief (believe me – if I know about an specific order at the operating businesses, something went very, very wrong or very right.) (more…)

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Triple Burl Wood 9 Pillow Watch Case

Triple Burl Wood 9 Pillow Watch Case

When you own businesses, certain orders just make you happy. Of course, you appreciate every one, no matter how small. From time to time, however, there is something about a particular piece of business that just makes you smile.

We actually do respectable global business through many of our online businesses. Surprisingly, quite a bit comes from The United Arab Emirates, specifically areas such as Abu Dhabi. Apparently, we just sold a $700 watch to a professional soccer star and are shipping the merchandise to his home there.

It’s crazy to think that as I sit here, working on a MacBook Pro, drinking coffee, and reading stock reports, there are people all of the world browsing the pages of companies that I own, buying products that generate cash for me to redeploy into other investments. It was always the goal, but the fact that it’s happening halfway around the globe is just amazing to me, even now.

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Aurora Talentum Classic Fountain Pen

Lately, I’ve been writing with a black and gold fountain pen from Aurora. It came as part of the inventory expansion we did at Kennon Home Accessories to launch the pen business this winter, and I’ve got to say, I’ve never written with anything like it. Truth be told, despite it being only $325 retail, it feels far more durable and enjoyable than some of the $850 or $1,200 pens I own.

Aurora Talentum Classic Fountain Pen in Black with Gold Trim

Aurora Talentum Classic Fountain Pen in Black with Gold Trim

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Michel Perchin Pens Really Turn Me On

Michel Perchin Pens

When I was a teenager sitting in high school French class, I recall relentlessly mocking my teacher for the idiocy of buying a $200 or $300 pen.  Fast forward to today, and not only do I have a massive pen collection, but I’ve fallen completely and totally in love with Michel Perchin pens to the point that when I have the retail store launch it’s full in-store pen department in the fourth quarter of this year, we are going to bring them in and sell them.

Michel Perchin Pens Ribbed CollectionThe average retail price for most of these works of art ranges somewhere between $3,000 and $5,000, depending upon the specific model, with many going for far more than that.  They are actually cored out of a rod of solid, pure silver and built using the finest materials available on earth.  When I look at them, my heart rate literally picks up and I feel this incredible urge to acquire.  It’s the exact same feeling as when I see a stock that is being given away (like when we put a massive portion of our assets into General Electric at $6 per share and U.S. Bancorp at $8.50 per share back in March, watching them skyrocket between 100% and 300% in less than 90 days).

Some of my friends think I’m nuts for being so passionate about pens.  What I find remarkable is that they see nothing unusual about their families smoking a pack of cigarettes per day, at an average cost of $7 per pack, or $2,555 per year.  Ten years from now, the smoking left them with no money and lung cancer and my pen is worth $10,000, not the $2,500 I paid for it.  They also wouldn’t see a problem with a woman spending the same amount on a diamond necklace.  Yet, for men, there is a double standard. Continue reading …

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It's not about the economy ... it's all about the games.

It's not about the economy ... it's all about the games.

According to an AP Article, sales of video games have plunged 29% year-over-year and Wall Street is concerned that it is proof the video game market isn’t as recession-resistant as everyone believed.  Seriously.  That’s the crap that’s coming out of these news rooms.  News flash: Look at the game release schedules.  Last year saw a host of relaunches of various Final Fantasy titles, new version of the Civilization franchise, another installment of Harvest Moon, and the updated Soul Calibur.  Nothing really exciting has been released for six months.  The real action comes in the back half of the year.

My household spends a lot of money on video games.  We have virtually every system imaginable and we are big RPG and action players.  Right now, I’m working my way through Blue Dragon and Aaron is in the middle of Lost Odyssey, both released by the Mistwalker company setup by the genius behind the Final Fantasy series.  We aren’t spending any money on games now.  That will change when Aion – The Tower of Eternity is released.

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