Every town has a handful of barbershops, each with their own brand, rituals, and cultural mores.  Due to the heavy integration of the customer into the service model, there are readily observable operational and economic principles at play and perhaps more so than in other businesses. There are 2-3 chairs with female barbers and the … Continue reading The Barbershop Service Model →

One of the things on many soon to be retiree's minds is how much money can I spend in retirement and is it enough?  I'd like to take a diversion to a cattle operation to show how we can think about a similar scenario. From about November to March most farmers in my area feed … Continue reading The Winter Safe Withdrawal Rate →

Reading If you're offended or angered by this article from financial blogger OG Josh Brown then now you know it what it feels like to get the stiff arm.  Josh asks the financial advisory community whether you're built for YAC (Yards After Contact) or just another rising tide lifts all boats. Nick Maggiulli gives us … Continue reading What I Was Doing On The Farm This Week →

Reading Josh Brown posted Playing With Fire about a book that weaves together the history of American exceptionalism and how our unique values coupled with today's media and social media have forged a society that is highly oppositional, irrational, and just hard to govern. Corey Hoffstein authored The Yield Is Gravity and for anyone that enjoyed … Continue reading What I Was Doing On The Farm This Week →

Reading Barry Ritholtz discusses what he's learned about America recently in Trump The Revealer.  An excellent; yet disturbing blend of politics and finance that Barry does so well. Jesse Livermore & the OSAM crew give us Alpha Within Factors.  When a trade gets crowded the strategy's alpha declines.  They're now looking at the new frontier for tomorrow's … Continue reading What I Was Doing On The Farm This Week →