Did you ever notice that the monkey in the "New Phone, Who Dis" GIF uses a flip phone? Anyone remember when it was a big deal to get the wireless provider to hook your old phone and your new phone up to a computer and transfer the contact information? Were you crossing your fingers that … Continue reading New Phone, Who Dis?
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Your (Live)Stock Market Is Turning Your Brain Mushy
Each day across cattle country tens of thousands of cows change hands at livestock markets. The size and the quality of the venues differ, but most facilities contain a holding area to view the animals, a sale ring that the animals enter and exit, and an amplified auctioneer rhythmically chanting the upward march of the … Continue reading Your (Live)Stock Market Is Turning Your Brain Mushy
Compounding: Perfect In Every Way
Mary Poppins is one of those Disney movies that I vaguely remember watching as a child. It wasn't one of my favorites, but I probably watched it a dozen times. The movie was revisited in a sequel of sorts as "Mary Poppins Returns" this month and I had the opportunity to watch it on a … Continue reading Compounding: Perfect In Every Way
The Barbershop Service Model
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
The Winter Safe Withdrawal Rate
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