The Departure of Prosperity Today I spent the day driving Kim, Thomas and me up to Pasadena to see Kim’s family. Before going I went for bagels and cream cheese and to fill up the tank of the car with gas. It’s 107 miles to our nephew’s house in Pasadena, and with the small detour through West Hollywood to see Gary & Oswaldo for a late lunch, we would cover 260 miles. At an average…
The Hanseatic League My vague awareness of Medieval History reminds me that in the Twelfth Century or thereabouts, the craftsmen of the northern Germanic countries of Europe gathered themselves into a massive and extended guild of sorts to protect their interests as they grew their commercial enterprises. This collective or union was called The Hanseatic League and it existed as a powerful business force in the region for several centuries. This confederation was put together…
Selling Real Estate I sometimes wonder if other people connect their psyches and tendencies to real estate the way I do. In it’s simplest form, real estate is about buying, renovating, holding and then selling. These are all very distinct phases, but they are phases that everyone must go through. The possible exception is that some people avoid the renovating part of the equation like the plague while others embrace it, enjoy it and perhaps…
Scam Artists I Have Known Yesterday the Geek Squad came and with much wrangling (mostly “not my job” kinda stuff), I managed to get my TV’s switched over from Direct TV satellite service to streaming (I have the Cox Cable Gigablast 1 Gbps service). I have Apple TV ($149.95 and already obsolete from what I can tell) on the Office and Guest Room TV’s. I have FireTV from Amazon ($29.95… what a deal) for the…
Trust as a Four Letter Word We have a convention in this country that only partially or barely exists in many other countries. We buy life insurance. Initially, it is sold to us (note that I say sold TO us as opposed to bought BY us or sought out BY us) as a responsible way for us breadwinners to ease our guilt with the dependence we have created for our families on our income earning…
The Savior of the Western World A few days ago I wrote about my startling realization about ESG as both a corporate policy and investment philosophy driver. That realization was that the corporate world is very quickly coming around to the view that ESG is no longer a “nice to do” and has turned convincingly into a “need to do”. And that tectonic shift in investment approach is forcing boards to take ESG and all…
The ESG Canary On this Delta flight to Atlanta we are in the new first class configuration. There are things to commend it and things not to like. On the plus side, everyone has their own cubicle with a big-screen TV. I cannot see anyone in total, just a small slice here and there, except for Kim, who is across from me in the center section. If she was not with me, there would be…
Ethical Dilemma As I prepare for my ethics course starting in a month, I am spending time thinking about the root issues of business ethics and how best to present and then teach that material to best effect. I’m fairly clear that the best method will be to force debates that engage the students and make them think through the issues I define for them. Obviously, I want to provide a framework and guidance on…
Jumping Jimmy I am starting this story today because yesterday the news shot around the world that Jimmy Cayne, the controversial long-time CEO of Bear Stearns died at age 87, probably with a cigar in his mouth. I want to tell my story about Jimmy Cayne, but I probably need to take my time and not rush it to print since it brings up many mixed emotions, some of which are not particularly attractive. Therefore,…
Pershing Square I am writing this story for my pal Larry, who will be worried as hell for the next 1,300 or so words that I am going to say something in writing and that it will be put onto the internet, which is immutable as an NFT, and that it will be something that will stick to his foot like a random piece of dirty chewing gum. It gets me chuckling inside just to…