Whenever we have a major project, there is always a television series or movie playing in the office. It sort of serves as a deadline (e.g., “We need to get the new pen company launched by the end of the first three seasons of Friday Night Lights“). For us, it works amazingly well.
Right now, we are watching a South Korean series that translates as “The First Shop of Coffee Prince”, which is a modern Victor/Victoria where a hardworking young girl is mistaken for a boy because she dresses in jeans and is the family’s breadwinner. Anyway, the boy that she seems to be in love with is the heir to a coffee fortune.
My favorite reason for this show is the grandma, the founder of the original empire, the CEO of the family foods business, and the one with the money. I swear, this woman answers almost exactly as I would in a lot of situations.
For example, she tests her grandson (the coffee heir) by making him take over a failing coffee house she owns. She demands he triple sales in a short period to return a satisfactory return on investments. If he can prove he is capable, he will receive his inheritance, while she is still alive. She uses incentives. Otherwise, he will lose the trust fund, house, car, etc.
Anyway, one of her grandson’s employees (her grandson is, effectively, the “coffee prince” for which the store is named) accidentally orders $30,000 worth of coffee and they don’t have the money in the budget that his grandma gave him. He calls her for help. Instead of buying the coffee from him, she offers to loan him capital! At 10%, which is 5x the rate on South Korean government bonds.
So coffee prince says, “Never mind! I don’t need your loan. I’ll do it myself.” Grandma hangs up the phone, and very, very pleased remarks …
It was part of her grand plan! You see, grandma is really dying of cancer and wants to make sure he is responsible enough to take part in what she has built. Coffee prince originally demanded $150,000 for capital expenditures but she only gave him $50,000 to teach him the value of money and how it can be scarce. Coffee Prince doesn’t know about grandma’s health condition. She says she has lived a good life and now that it’s time to check out of the mortal coil, she will put everything in order and play video games on the computer.
Seriously, Coffee Grandma, you are awesome.
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lol how did you come across to this show? i’m south korean and you caught me surprised, considering that you live in mid-U.S. this show didn’t have a huge enough hit to spread across U.S. or other asian countries, but anyway this is unexpected!!
This is too awesome. My mother is a big fan of these Korean series; I’ll have to ask her about this one.
I saw it on Hulu.com. South Korea interests me because a few years ago, it had some great stocks trading at only 3x to 5x earnings and the economic growth over the past 20 years has been amazing.
It has actually made me want to visit the country if I’m ever over in Asia.
i have a question. what kind of stock screener do you use if you use one at all? i just can’t find a solid one…