Your Survival Guy is just getting by down here in beautiful Key West. This sunset pic above is from high above Louie’s Backyard last night where Becky and I had a chance to reflect on life for a while. Because it’s times like these you need to take some time for YOU. You need to take a step back. Take a deep breath. Look out into the ocean and figure out how YOU are going to keep moving forward. It’s too easy to dwell on what’s wrong. It’s unhealthy to be stuck inside your brain. Instead, I want you to be thankful for what is RIGHT in your life. Today, I want you to make time for you. … [Read more...]
In Case You Needed Another Reason to Avoid Nasdaq Stocks
The Nasdaq stock exchange, the second-largest exchange in the world, wants to impose a quota system on corporate boards of companies that list on the NASDAQ. Nasdaq is serious…and specific. The new rule would require boards to have a minimum of one woman director and one minority or LGBTQ director. Small firms could apparently get by with two women. Do we really want to start affirmative action for American business? One can only hope the entrepreneurs that start businesses choose NYSE or other exchanges to list instead of submitting themselves to NASDAQ’s social mission. Here’s … [Read more...]
John Mackey’s Simple Message: Elevate Humanity Through Business
Whole Foods CEO John Mackey wants the world to know that capitalism is the “greatest thing humanity’s ever done.” Capitalism has raised more of the world out of poverty than all other systems of economic organization combined. Mackey is now selling his book, in which he makes the case for capitalism by changing the narrative of capitalism to "show that it’s about creating shared value, not for the few but for everyone.” The book is called Conscious Leadership: Elevating Humanity Through Business. The Editorial Board at the Wall Street Journal writes of Mr. Mackey: Mr. Mackey offered … [Read more...]
Driverless Car Rollout Will Take Years and Billions of Dollars
The Wall Street Journal's Stephen Wilmot explains the time and capital it will take to make driverless cars a reality. He writes: Driverless cars are moving out of science fiction and onto U.S. roads. But this is just the start of a long journey before they fulfill their transformative potential. Signs of very early-stage commercialization are emerging from the corporate science projects that want to remove human drivers from vehicles. Alphabet’s Waymo seems furthest ahead with its “robotaxi” project in the suburbs of Phoenix. Customers used to have to sign a nondisclosure agreement to … [Read more...]
Opportunities in Commercial Real Estate Are Too Good to Resist for Some Buyers
Esther Fung reports at The Wall Street Journal that some companies have begun taking a chance on buying historically inexpensive retail real estate. She writes: Struggling shopping malls are finding an unexpected boost from bargain-hunting retail operators. Such was the case in Stamford, Conn., where the Stamford Town Center mall lost popular tenants like H&M, Apple Inc. and Talbots to a competing shopping center that opened last year only 8 miles away. In October, home-furnishing company Safavieh purchased Town Center mall. Safavieh plans to open a home-design center and … [Read more...]
Forced Unionism Is the Sickness, the Right to Work Is the Cure
In states where employees are forced by government to join unions, the dignity of citizens takes a backseat to power. Union bosses crave the money and power they derive from subjugating their forced members, and politicians enjoy the benefits of catering to the bosses by reaping campaign donations. With backing from their bought-and-paid-for politicians, union bosses believe they can act with impunity. An example of that behavior comes out of the International Association of Fire Fighters, where union bosses siphoned off pension money to their own accounts. The National Right to Work Committee … [Read more...]
Does This Signal the Bottom in Oil & Gas Stocks?
In a move reminiscent of Wall Street shutting down their commodities businesses right as one of the greatest commodity booms on record was getting underway, BMO is winding down its U.S. oil and gas investment banking unit. Bloomberg has more on this potential contrary indicator. Bank of Montreal is winding down its U.S. oil and gas investment banking business and will focus on assets in Canada going forward, becoming the latest financial institution to cut ties with America’s beleaguered shale industry. BMO said it has made “the financial decision for an orderly wind-down of our … [Read more...]
The Man Behind Milton Friedman’s Classic Free to Choose TV Series
Milton Friedman's Free to Choose TV series is, perhaps, the best explanation of the value of free and open economies. Friedman explains the concept of open markets and freedom in a way that every man and woman can relate to. But behind Friedman's appearance was a brave TV station manager from Eire, PA named Bob Chitester. Chitester put Friedman on the air and caused a phenomenon. William McGurn tells the story in The Wall Street Journal: In the era of Bernie Sanders and Alexandria Ocasio-Cortez, champions of the free-market capitalism may feel beleaguered. Those of a certain age thought … [Read more...]
Increased Scrutiny and DOJ Lawsuits Temper Tech M&A
In the Financial Times, Tom Braithwaite reports on how lawsuits and a changing climate in Washington D.C. are affecting Big Tech's interest in acquisitions. He writes: Today’s tech giants were built on innovation — just not always their own. At key moments in their history, Google and Facebook made savvy acquisitions of smaller companies that supercharged their growth or snuffed out future competition. Now that strategy has big obstacles. The latest sign came this month when the US Department of Justice sued to halt Visa’s $5.3bn acquisition of fintech group Plaid. The deal “must be … [Read more...]
Is Your Cash Safe? Probably not This Safe
How well are you securing your cash and valuables? Do you have a safe at home? A safe is an obvious choice for convenience, but unless you have serious security, you wouldn't want to leave major wealth sitting unattended while you're at the office or on vacation. You need a better option. The most obvious choice for most is a safe deposit box. That is the route an increasing number of the world's wealthiest are taking. Disasters like the wildfires and hurricanes that have hit the United States in recent years have made securing wealth an urgent endeavor in the minds of many. Benjamin … [Read more...]
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