For several weeks, I’ve found myself ruminating on a passage from a book I recently read during my research on the good, bad, and benign of multi-tier marketing systems. This was part of my counter-evidence file; people who strongly opposed the model as currently practiced. It was written by Steve Butterfield several decades ago and is…
DetailsMy mom has been enjoying the adventures of Rooftop Prince, so for her 52nd birthday, she wanted to come over, watch a few episodes, try a new Korean recipe, and hang out with us. My dad was in a golf tournament in the morning but she and my youngest sister pulled into the driveway at 11:23…
DetailsI’m studying the so-called peasant dishes, again; those culinary traditions that pack a lot of flavor and yet cost next to nothing to make, such as leek and potato soup, freshly made pasta with butter and sage sauce, the always popular soubise (it may not look like much but it’s mouthwatering), and Saag Paneer. My quest for today,…
DetailsI mentioned yesterday in the post about Japanese Gyoza that we had seen Maleficent twice this week in theaters. With time to reflect on the film, I keep coming back to the economic power of certain types of enterprises. It reminds me of a story from a speech Warren Buffett gave two decades ago to…
DetailsNudiustertian, when done with our responsibilities, Aaron and I went to see Disney’s Maleficent in theaters. Yesterday, in the late afternoon, one of my sisters came by the house and mentioned wanting to see it, so we offered to go back and watch it a second time. Later that night, she hung out for awhile, watching…
DetailsWhether identifying changes in public policy that could do exponential good or revealing internal assumptions about the way the world works, mental models are the best construct I’ve ever come across to categorize, analyze, study, document, and reflect upon the universe. Yesterday, The Washington Post published an example of cognitive bias when it detailed how how subconscious beliefs can…
DetailsThe Executives at Edward Jones Should Feel Humiliated About Their Mutual Fund Practices Trust departments, trust companies, and money management firms provide a valuable service to the civilization. For centuries, men and women who had built up a nest egg could go down to their local branch, meet with the bank, and sign a contract…
DetailsThe older I get, the more amazed at I am at the power of compounding in all areas of life. Compounding is one of the most powerful forces at work in the universe. It exerts itself in all sorts of arenas, ranging from finance to farming. To illustrate: As I sit in my home study, publishing a few…
DetailsGood morning, fellow Nestlé stockholders! It’s that magical day of the year when the annual dividend gets paid out to American owners (or, technically, those who have opted to buy the ADR). While those of you who hold your shares of Nestlé through Switzerland directly got your 2.15 CHF per share dividend on April 17th, those of you who opt for the Nestlé ADR traded here in the United States (which is likely most of you) get your dividends today!
DetailsGoodbye, California. In the words of your famous Governor, “I’ll be back”, but for now, it’s time to go home to Kansas City. We returned the rental car after driving 1,000 miles exploring your beaches, mountains, groves, vineyards, and deserts to consider whether it would be a good fit for our business and life. Now,…
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