Business
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I just read a great blog entry at Moolanomy about commodities. Commodities have been creamed liked everything else in this latest stock market cliff jumping exercise and everyone should have a) some education about what they are b) a bit of them in their investment portfolio.
As... [Read more...]
Investing
I went to see Stomp! with my family in Sacramento a couple of nights ago. One of those ‘we are not having enough fun in our lives’ moments where we went online and got 5th row seat 6 hours before show time.
Fantastic show (if you dont know what Stomp! is, here is... [Read more...]
New Ideas
I went to see Stomp! with my family in Sacramento a couple of nights ago. One of those ‘we are not having enough fun in our lives’ moments where we went online and got 5th row seat 6 hours before show time.
Fantastic show (if you dont know what Stomp! is, here is... [Read more...]
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There is a real tug of war going on right now: the battle for the market bottom. Much prevailing wisdom saying there is a lot of support for the S&P 500 at around the 800 mark.
The market is cris-crossing back and forth over it right now. If we can stay above that at... [Read more...]
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There is a real tug of war going on right now: the battle for the market bottom. Much prevailing wisdom saying there is a lot of support for the S&P 500 at around the 800 mark.
The market is cris-crossing back and forth over it right now. If we can stay above that at the close, it may be a bear market rally of 10-15%. If it closes or dives below, we may retest the market lows of November before the turn.
When will all this uncertainty end? Answer: no time soon.
In the 1970s when we went off the gold standard and inflation ate away at purchasing power, the typical American household became a 2 wage earner reality to pay the bills. In the 80s and 90s, our savings rate went to zero as we spent more and more of our available income to keep up our standard of living. In this century, we have moved to deficit financing to keep the party going.
What is left? How is the American consumer, 70+% of our economy and 40+% of the world economy going to “get things going again”?
Answer: no time soon. Prepare for, in the words of our new President, a “lost decade” my friends.
To show you where my head is at, the most recent additions to the clutter on my desk are 2 boxes of shotgun shells and the 10 oz of Platinum that I bought back in Dec (finally delivered … now worth 35% more than I paid for them).
Like Hunter S Thompson once said, “When the going gets weird, the weird turn pro.”
Later…
February 17, 2009 | Leave a Comment
Markets and Money
There is a real tug of war going on right now: the battle for the market bottom. Much prevailing wisdom saying there is a lot of support for the S&P 500 at around the 800 mark.
The market is cris-crossing back and forth over it right now. If we can stay above that at the close, it may be a bear market rally of 10-15%. If it closes or dives below, we may retest the market lows of November before the turn.
When will all this uncertainty end? Answer: no time soon.
In the 1970s when we went off the gold standard and inflation ate away at purchasing power, the typical American household became a 2 wage earner reality to pay the bills. In the 80s and 90s, our savings rate went to zero as we spent more and more of our available income to keep up our standard of living. In this century, we have moved to deficit financing to keep the party going.
What is left? How is the American consumer, 70+% of our economy and 40+% of the world economy going to “get things going again”?
Answer: no time soon. Prepare for, in the words of our new President, a “lost decade” my friends.
To show you where my head is at, the most recent additions to the clutter on my desk are 2 boxes of shotgun shells and the 10 oz of Platinum that I bought back in Dec (finally delivered … now worth 35% more than I paid for them).
Like Hunter S Thompson once said, “When the going gets weird, the weird turn pro.”
Later…
Business Opportunities
I went to see Stomp! with my family in Sacramento a couple of nights ago. One of those ‘we are not having enough fun in our lives’ moments where we went online and got 5th row seat 6 hours before show time.
Fantastic show (if you dont know what Stomp! is, here is a link to the official Stomp! website)
What I found to be even more interesting is the business model of a show like this. It’s the same as others like it (e.g., Blue Man Group, Cirque du Soleil) but it was the first time I really thought about it.
Sort of like a franchise except without all the FTC BS. It’s pretty simple and I suspect amazingly profitable:
Come up with an idea for a performance, make it happen, perfect it, do it many many times until it is viral or popular enough to expand, replicate.
Once the guys who started Stomp did the above and had a core group that performed and constantly sold out shows, they trained another cast so 2 performances could be ongoing at the same time. And then another, and another. Dont want to do too many or the market gets saturated. Pretty soon, they have trained the trainers and they just do whatever part of this business they want to.
Like branch out into the creation of a DVD. Or an IMAX special film. Etc. They get royalties from everything since it was their intellectual capital that started it all. All passive income sources. Scalable, expandable, etc.
Very entrepreneurial. Very nice.
Investing
There is a real tug of war going on right now: the battle for the market bottom. Much prevailing wisdom saying there is a lot of support for the S&P 500 at around the 800 mark.
The market is cris-crossing back and forth over it right now. If we can stay above that at the close, it may be a bear market rally of 10-15%. If it closes or dives below, we may retest the market lows of November before the turn.
When will all this uncertainty end? Answer: no time soon.
In the 1970s when we went off the gold standard and inflation ate away at purchasing power, the typical American household became a 2 wage earner reality to pay the bills. In the 80s and 90s, our savings rate went to zero as we spent more and more of our available income to keep up our standard of living. In this century, we have moved to deficit financing to keep the party going.
What is left? How is the American consumer, 70+% of our economy and 40+% of the world economy going to “get things going again”?
Answer: no time soon. Prepare for, in the words of our new President, a “lost decade” my friends.
To show you where my head is at, the most recent additions to the clutter on my desk are 2 boxes of shotgun shells and the 10 oz of Platinum that I bought back in Dec (finally delivered … now worth 35% more than I paid for them).
Like Hunter S Thompson once said, “When the going gets weird, the weird turn pro.”
Later…
The Building Wealth Blog
