Well, it was a very good investment, right up until it wasn’t! But I doubt that they were savvy enough to get out before the bubble burst, so you made the right call in the long run.
I keep hearing that “amateurs study tactics, but professionals study logistics.” I am by no means downplaying the bravery and sacrifice of the people in combat, but behind them is another army of people, working their hardest to give the combat soldiers every advantage they can. Wars can be won or lost on logistics.
I had to look it up and I think the reference is to the International Phonetic Alphabet. I was not aware of that IPA, and like most of you my thoughts immediately went to India Pale Ale, which BTW, I don’t like at all. I am a very happy beer/lager/ale/stout/porter drinker, but I don’t like IPAs, especially when microbrewers decide “if you can’t make good ale, make it so hoppy that they never taste the ale.” Look, if I want the taste of grapefruit juice, I will order grapefruit juice! Apologies for my rant.
Former Enron employee here. My lasting memory of the place will be of a “town hall” meeting where someone wrote in a question about whether they should keep investing in Enron stock (the stock had just started to decline), and Jeff Skilling said “I’ll let my secretary answer that!” and handed her the mic and of course she said “hell, yeah!” I found out a few years later that Skilling had been dumping his stock before that meeting. So, he didn’t lie, but he sidestepped the question, and I suppose in his mind that justified it. And all those loyal people took the hit.
A couple years later, all I had from that job was some Enron stock and an Enron hat. And the hat was worth more than the stock.
My wife and I had a laugh the other day. We remember when you turned on the TV or radio and you had to wait until the tubes warmed up. The other day we turned on our TV, and we had to wait for a software download! Progress!
What cracks me up about Born in the USA is how often it is played at Republican rallies. Did the people running the rally listen to the song before they picked it? It’s not about how wonderful the USA is…
I was in Vietnam on business just before COVID hit. Absolutely wonderful people, and they were all very interested in learning about Capitalism and how we do business. It’s a country with almost 100 million people and if they all start to move in the same direction we’re going to see some serious stuff.
Lucy was describing my insurance company.