What if people stopped buying stuff they don’t need or want? What if people are starting to tune out once-effective marketing campaigns? The economy is fragile right now. What if consumers are buying less, not just because they have less income, or no job, but because they realize they don’t need or want most of [...]
I think the one thing people want most, when it comes to leisure, is good cultural experiences. This is a product of focusing on breadth and depth.
In the future, the most admired art won’t just be aesthetically pleasing or emotionally stimulating. Though it must also be that. In the future, the thing that will separate good art from bad art will depend on how the artist decides to incorporate social interactivity. You won’t just see, and then feel. You will also [...]
I think a good life is experiencing wonderful art. Whatever “art” is to you.
“I didn’t fail a thousand times, the light bulb was an invention with a thousand steps.” -Thomas Edison
How to value a business: project the future cash flows that the business (the asset) will produce over its lifetime (think carefully about things like declining prices due to new competition, realistic growth rates, etc.) discount these cash flows back to the present at an appropriate rate ask yourself: does it possess an economic castle [...]
There’s a lot going on in the world these days. USA coming oh-so-close to winning the 2011 Women’s World Cup. News of the World phone hacking scandal. The death of Osama bin Laden. The economy. The release of Harry Potter and the Deathly Hallows: Part 2. Combine that with what people are doing and thinking [...]
Today, I took a hike in the woods We crossed paths I ran, you walked You ran, I walked We exchanged glances You looked back at me I looked back at you It wasn’t just the grace with which she moved It was the way she spoke It was the way she listened I’m not [...]
1. John Mayer 2011 Clinic (berklee-blogs.com) Berklee was visited by celebrity and Grammy Award-winning alum, John Mayer. Similar to his 2008 clinic, John Mayer demonstrated his candor about the pitfalls of the music industry, his sarcastic humor, and, of course, his skill as a guitarist and songwriter. Most impressive, though, was the amount of time [...]
A Berkshire Hathaway B share can be worth at most 1/1500th of a Berkshire A share. Because of that, there will always be arbitrage between the two to keep it that way. For example, BRK-A closed on Friday, July 8th, 2011 at $115,050.00, while BRK-B closed at $76.90. Given BRK-B’s closing price, you’d expect BRK-A [...]