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Economy Concern

Too much talk here. Just get rich. We all want rich McMurty stories on the prowl in the Clayton Ritz bar.
There’s a ramp next to the ritz that leads to a bridge that’s literally right behind the ritz. The other side of the bridge is where most of my hood divorced dads’ club lives. Maybe 300 yards from the ritz. Once in a while we’ll all walk over there together. I was in back looking at em and it looked exactly like a scene from swingers aged 25 plus years 🤣🤣. Ridiculous. Grumpy old swingers
 
Maybe we’ll be a global brand and you’ll know! I will say we very recently failed as drug dealers, which at first blush sounds impossible, so who knows
Chuckled last week, as we were walking around NYC over a few days, smelled weed EVERYWHERE, reminded me of your disdain. My boy asked me why those cigarettes smell so different from grandma’s? I got tired of smelling it, they should ban the smoking & make them eat edibles….
 
Chuckled last week, as we were walking around NYC over a few days, smelled weed EVERYWHERE, reminded me of your disdain. My boy asked me why those cigarettes smell so different from grandma’s? I got tired of smelling it, they should ban the smoking & make them eat edibles….
I haven’t been to Vegas in a few years but apparently the strip is unreal with stink

And to smell in nyc. Damn! That’s strong
 
There’s a ramp next to the ritz that leads to a bridge that’s literally right behind the ritz. The other side of the bridge is where most of my hood divorced dads’ club lives. Maybe 300 yards from the ritz. Once in a while we’ll all walk over there together. I was in back looking at em and it looked exactly like a scene from swingers aged 25 plus years 🤣🤣. Ridiculous. Grumpy old swingers
jon favreau swingers GIF
 
Chuckled last week, as we were walking around NYC over a few days, smelled weed EVERYWHERE, reminded me of your disdain. My boy asked me why those cigarettes smell so different from grandma’s? I got tired of smelling it, they should ban the smoking & make them eat edibles….

I haven’t been to Vegas in a few years but apparently the strip is unreal with stink

And to smell in nyc. Damn! That’s strong
NPR did a long segment today about the stink problem and how breeders are developing strains that smell good. That's your tax money at work.
 
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Maybe we’ll be a global brand and you’ll know! I will say we very recently failed as drug dealers, which at first blush sounds impossible, so who knows
Don't get down on yourself. I'm sure there are plenty of entrepreneurs who can say they landed in their current profitable sector after they realized there was no money in drugs.
 
I’ll make a political prediction: If Trump implements everything he says he’s going to do and it sends us into a deep recession, the Dems will win both the House and Senate in 2026, impeach Trump for farting in the White House, convict him, and watch the Republican leadership escort him out of town.

If Trump’s election last year proved anything, it’s that the economy is all that matters to the voting populace.
 
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We’re a bargain brand with a product that is equal to the premium brand. And in some ways better. But name recognition is everything. And we ain’t it
Sounds to me like you’re saying, at the current prices most customers aren’t shopping around, making it difficult for you to attract their attention. Their prices go up 20 to 25% and some of their customers might start looking around.
 
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What’s more if we go too low we risk losing the upper end of our customers who will perceive us as being too cheap
As counterintuitive as that may seem

You need a marketing king. Hire the biggest balls sales guy from your competition. Probably need to give him equity. What seems like a painful chunk
 
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Don't get down on yourself. I'm sure there are plenty of entrepreneurs who can say they landed in their current profitable sector after they realized there was no money in drugs.

There's a prominent citizen here in Evansville who (allegedly) got his start selling drugs back in the early 70s. The story I've heard is that he and his partner bought one of those old ice cream trucks and used it as a front for the dealing. Don't know if that's true.

He went on to get very wealthy in coal and as a military contractor. The guy was very well-connected. He was on a hunting trip on 9/11 with Bush 41, Gen. Schwarzkopf, and RMK -- in Spain, hunting with King Juan Carlos.

I also spotted him on TV for Trump's first inauguration. His seats were right behind the former presidents.

But he made a bet I'll never understand. When Trump got in office, he dove back into the coal business (he had sold his company to Peabody long ago for a truck full of mints). And, unsurprisingly, it didn't last very long. Last I saw, he received a $10M PPP loan (the max) and listed 499 employees (also the max). And the company filed for bankruptcy not long after that.

He's had to sell pretty much everything he had: his Gulfstream, a car collection that would make an Arab prince envious, his 35,000 sqft house, etc.
 
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You need a marketing king. Hire the biggest balls sales guy from your competition. Probably need to give him equity. What seems like a painful chunk

I second this advice.

This person is the secret sauce in any successful business. And the equity is usually worth it. Keeps him motivated...and, more importantly, keeps him there.

Another piece of advice to help find this guy: ask him how much he got laid when he was single. It's more revealing than any personality test. You not only want a guy who got a lot of tail, you want a guy who can't wait to tell you about it.
 
There's a prominent citizen here in Evansville who (allegedly) got his start selling drugs back in the early 70s. The story I've heard is that he and his partner bought one of those old ice cream trucks and used it as a front for the dealing. Don't know if that's true.

He went on to get very wealthy in coal and as a military contractor. The guy was very well-connected. He was on a hunting trip on 9/11 with Bush 41, Gen. Schwarzkopf, and RMK -- in Spain, hunting with King Juan Carlos.

I also spotted him on TV for Trump's first inauguration. His seats were right behind the former presidents.

But he made a bet I'll never understand. When Trump got in office, he dove back into the coal business (he had sold his company to Peabody long ago for a truck full of mints). And, unsurprisingly, it didn't last very long. Last I saw, he received a $10M PPP loan (the max) and listed 499 employees (also the max). And the company filed for bankruptcy not long after that.

He's had to sell pretty much everything he had: his Gulfstream, a car collection that would make an Arab prince envious, his 35,000 sqft house, etc.
Steve should have known better.
 
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I second this advice.

This person is the secret sauce in any successful business. And the equity is usually worth it. Keeps him motivated...and, more importantly, keeps him there.

Another piece of advice to help find this guy: ask him how much he got laid when he was single. It's more revealing than any personality test. You not only want a guy who got a lot of tail, you want a guy who can't wait to tell you about it.
Fantastic lol
 
Fantastic lol
I'm actually not kidding about that. It is funny -- but it's 100% true.

I wish I could say that I came up with it. But that was actually a piece of advice I got from a mentor years ago. I thought he was joking, but he wasn't.

During the 2020 primaries, I had to smile when I heard that Michael Bloomberg had said much the same thing (albeit in more colorful language). Here's his actual quote:

“A good salesperson asks for the order. It’s like the guy who goes into a bar, and walks up to every gorgeous girl there, and says ‘Do you want to fυ¢k?’ He gets turned down a lot – but he gets fυ¢ked a lot, too!”​
He's not wrong about that.
 
Fantastic lol
My old next door neighbor was head of sales for a major sports co. As he climbed the ladder he’d travel the country visiting high school coaches selling to football and baseball coaches. He was a little guy. As long as I live I’ll never forget the first time I went to a bar with him to watch a mizzou game. That man could drink as much as Andre the giant 🤣🤣🤣🤣. I said to him wtf lol. He goes. You have no clue at how many hours I’ve spent at Applebees bars with coaches in little towns all over America 🤣
 
Tariffs have a long history of producing negative outcomes for most people. Especially broad-based ones that carry no obvious strategic purpose. They're right up there with rent and price controls.

Anybody who does support them is a complete fool.
Craze, think you'll find this article interesting. It is entitled...

Why is Trump so obsessed with tariffs? It stems from childhood


Trump as a graduate of Wharton we might think his tariff policies are based on economic theory. To the country, his notion of America "being ripped off" goes to back to Trump's childhood and is about dominating or being dominated.
 
I'm actually not kidding about that. It is funny -- but it's 100% true.

I wish I could say that I came up with it. But that was actually a piece of advice I got from a mentor years ago. I thought he was joking, but he wasn't.

During the 2020 primaries, I had to smile when I heard that Michael Bloomberg had said much the same thing (albeit in more colorful language). Here's his actual quote:

“A good salesperson asks for the order. It’s like the guy who goes into a bar, and walks up to every gorgeous girl there, and says ‘Do you want to fυ¢k?’ He gets turned down a lot – but he gets fυ¢ked a lot, too!”​
He's not wrong about that.
A marketing king. But the sales team should all be extremely hot chicks.
 
Craze, think you'll find this article interesting. It is entitled...

Why is Trump so obsessed with tariffs? It stems from childhood


Trump as a graduate of Wharton we might think his tariff policies are based on economic theory. To the country, his notion of America "being ripped off" goes to back to Trump's childhood and is about dominating or being dominated.
That's so interesting -- and revealing.

It's also ironic, because I just had a conversation the other day with our banker. We were discussing one of our competitors. He was interested to know if he should pursue their business. I advised him against it -- and not because the guy is a competitor. In fact, I've introduced the banker to several competitors.

I advised him against this one because he is a classic "win-lose" thinker. I'm thinking back to the old Steven Covey advice on this. You not only want to be a "win-win" thinker, you only want to surround yourself with other "win-win" thinkers. A "win-lose" thinker is oriented to see that he's only winning if the other guy is losing. If the other guy is winning, that means you must be losing.

There are also "lose-win" thinkers...who are real pieces of work. These tragic people usually either have very low self-esteem or are hopeless altruists. They feel like gaining for themselves by transacting with somebody else is being greedy. Blech.

Up above we discussed offering equity to people who are vital to a company's success. I'm a firm believer in this -- or at least in some sort of sensible incentive pay. Because it helps to get everybody rowing in the right direction. That's win-win thinking.

That article is describing Trump as the quintessential "win-lose" thinker. Everything is a competition -- and you're only winning if the other guy is losing....if he's gaining from doing business with you, then you're losing.

Very unhealthy perspective.
 
Craze, think you'll find this article interesting. It is entitled...

Why is Trump so obsessed with tariffs? It stems from childhood


Trump as a graduate of Wharton we might think his tariff policies are based on economic theory. To the country, his notion of America "being ripped off" goes to back to Trump's childhood and is about dominating or being dominated.
He should have been that kid in Airplane that goes into the cockpit

“Donnie, you like movies about gladiators?”
 
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That's so interesting -- and revealing.

It's also ironic, because I just had a conversation the other day with our banker. We were discussing one of our competitors. He was interested to know if he should pursue their business. I advised him against it -- and not because the guy is a competitor. In fact, I've introduced the banker to several competitors.

I advised him against this one because he is a classic "win-lose" thinker. I'm thinking back to the old Steven Covey advice on this. You not only want to be a "win-win" thinker, you only want to surround yourself with other "win-win" thinkers. A "win-lose" thinker is oriented to see that he's only winning if the other guy is losing. If the other guy is winning, that means you must be losing.

There are also "lose-win" thinkers...who are real pieces of work. These tragic people usually either have very low self-esteem or are hopeless altruists. They feel like gaining for themselves by transacting with somebody else is being greedy. Blech.

Up above we discussed offering equity to people who are vital to a company's success. I'm a firm believer in this -- or at least in some sort of sensible incentive pay. Because it helps to get everybody rowing in the right direction. That's win-win thinking.

That article is describing Trump as the quintessential "win-lose" thinker. Everything is a competition -- and you're only winning if the other guy is losing....if he's gaining from doing business with you, then you're losing.

Very unhealthy perspective.
Co sign on equity. The commitment and effort are much better if they think of the business as theirs.
 
Craze, think you'll find this article interesting. It is entitled...

Why is Trump so obsessed with tariffs? It stems from childhood


Trump as a graduate of Wharton we might think his tariff policies are based on economic theory. To the country, his notion of America "being ripped off" goes to back to Trump's childhood and is about dominating or being dominated.

One other comment about that piece. It talks a lot about him referencing Japan in the late 80s period.

It should be noted that Japan's economy has exhibited almost no real growth since the mid-90s. I wouldn't chalk too much of that up to their trade policies, though I'm sure that's played a role. They have a massive pile of public debt and low population growth -- both of which are things everybody else in the world should take note of.

Japan's per-capita GDP is almost the same today as it was in 1995. And we're headed towards a similar fate if we don't get our fiscal situation repaired. People think tackling this will be painful (and it will be). But it will be far more painful not to tackle it.

Screenshot-2025-04-02-110906.png
 
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You get your econ degree from Trump U?

There's not a lot manufactured in America that doesn't have foreign made parts. That includes every car manufactured in American - not a single one, including the F-150 Ford truck that doesn't have foreign made parts. I think Telas have the fewest foreign-made parts of American automakers. If he implements the tariffs as he claims he will, we're all going to pay higher prices for a lot of "American made" products.

Congress needs to take control of tariffs back from the President.
 
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My old next door neighbor was head of sales for a major sports co. As he climbed the ladder he’d travel the country visiting high school coaches selling to football and baseball coaches. He was a little guy. As long as I live I’ll never forget the first time I went to a bar with him to watch a mizzou game. That man could drink as much as Andre the giant 🤣🤣🤣🤣. I said to him wtf lol. He goes. You have no clue at how many hours I’ve spent at Applebees bars with coaches in little towns all over America 🤣
@BradStevens, Murt is using "little guy". I'd never be that insensitive, now, and have worked on it. I would have described him as unable to ride most roller coasters at Indiana Beach. Am I showing growth?
 
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