Customer Retention is Also Everything

A while back I wrote a post about Sales is Everything.  This week, I am in California.  I was tasting wine at UNTI Vineyards and was talking to the owner.  He said, “There are three things in the wine business. …






Indexing Wins Again

A lot of folks are upset at all the money plowing into index funds on Wall Street. Most of the people that are upset earn fees from being an active trader, or managing money. But, the data shows that no …






Happy Labor Day

It’s Labor Day. In America, we started celebrating it in 1894. Unions were mostly good for American citizens in the first part of the century. Since then, they haven’t been when it comes to big companies. It was not only …






Wedding Songs

We are out in California at a family wedding. My nephew proposed, and got married to the love of his life. I love wedding celebrations. Being able to find someone you love and can spend the rest of your life …






Goin’ To California

We are headed out to California today. We will be in a few places in Northern California. Our nephew is getting married, so we decided to extend the trip. I am meeting with a few people when I am out …






VC Returns; What To Expect.

Yesterday, they published Andreessen-Horowitz venture fund returns. a16z shook up the VC world a bit when it started. They have done a lot of things differently, and other VC’s weren’t too happy. I don’t care too much about all that …






A Lot of Things Are Counter Intuitive

People try to make logical decisions and have logical opinions most of the time. Even if something they believe is illogical, they will rationalize it. I had never thought about the equal pay issue in this way before, but it …






How Deep In Debt Should You Go?

College students are graduating with a lot of debt these days.  Debt has to be paid back.  It never feels good to be in debt.  I was talking to an old friend, and he mentioned a rule of thumb for …






Do You Have Faith In The Banking System?

Over the last 8 years, the US has had basically no economic growth.  The government induced financial crisis of 2008, along with the way the government administered the aftermath has created a slow/no growth economy.  If you think the US …






What’s The Right Tax Rate For Carried Interest?

There’s a debate going on over carried interest.  Both Trump and Clinton have said they are going after hedge funds. Clinton has even advocated for a transaction tax, which is one of the stupidest taxes of all time.  Taxing the …






Limited Government: Necessary For Growth

There is a small debate going on today over the role of government.  If you are at all interested in it, I’d encourage you to read this piece written by Cliff Asness back in 2009.  At the time, he was …






Constraints: They Can Be Good For You

One of the things that humans inherently prize is optionality. Commitment is hard. But, the truth is if you have every option in the world it becomes difficult to make a decision. Inertness sets in. Procrastination happens. Jim Brandenberg is …






Free Speech

Free speech is guaranteed by our Bill of Rights.  It’s core to America. Free speech is under assault by progressives all across the US-especially in our nation’s universities and public school systems.  Hopefully, we started to turn a corner yesterday. …






Why Twitter Has Staying Power

Yesterday Fred Wilson put out a Tweetstorm about Twitter.  I thought a little bit about it.  I recall an article in Barron’s back in 2007 or so.  It was about Twitter and an executive said, “Twitter is like a river. …






But, What If We’re Wrong

There are so many absolutes these days. Global warming is a perfect example. Let’s assume that we proceed with getting rid of all fossil fuels and put fossil fuel out of business worldwide. Then, global warming doesn’t happen, and we …






Robots Won’t Kill Us

I saw this video and thought it was totally cool. I think the young track star had quite a revelation about Jesse Owens athletic ability too. I’d love to see more athletes try this. Imagine today’s golf stars playing with …






Virtual Learning

There has been a lot of promises made about virtual learning over the years.  It’s getting better as technology improves.  Yesterday, on my drive back from Minnesota I heard an ad on the radio for Minnesota Virtual Academy.   There …






Best Cell Service

Since I got a cell phone in the 1990s, I have always had ATT cell service.  I find that no one actually likes their cell provider.  I wonder what else everyone is using, and where they are using it. ATT …