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 →

I had a very productive day recently that was the perfect mix of farming and investment focus that I wanted to share in more of a journal format to document this great day.  I took the day off work to focus some individual attention on some personal goals.  I thought this might be an appropriate … Continue reading Thursday On The Farm →

I work in construction and in 2014 our family built a new house.  When I tell people I "built our house" they look at me intently and wait for me to explain that I wasn't swinging a hammer.  I acted as the general contractor which means I organized the project, answered the questions, and paid … Continue reading Building The Foundation →

John Maynard Keynes is quoted from 1936's "The General Theory"  to describe herd mentality of professional money managers.  Keynes, the father of Keynesian Economics writes, It is the long-term investor, he who most promotes the public interest, who will in practice come in for most criticism, wherever investment funds are managed by committees or boards … Continue reading Herd Mentality: Where’s the Beef? →