I am celebrating today for no good reason – except the best reason, I’m alive to celebrate 2140 days after my crucial heart artery, the left anterior descending (LAD), was completely obstructed. That should have ended my life, but it didn’t because a Muslim doctor in a Catholic hospital inserted a stent into a 63-year-old Jewish guy who’s Greek Orthodox physician personally wheeled him into the Emergency room. Only in America. Every day since then I give thanks for the gift of living another day. I wish I could say I was joyful every day, but I’m not. I let…
Author: Lloyd Graff
Brian Beaulieu led off the Precision Machined Products Association (PMPA) San Antonio conclave last Friday morning. I have heard Brian and his twin brother Alan speak several times. His appearance was one of the primary reasons I decided to spend the winter weekend in Texas. He has a remarkable record for predicting the economic future. I have bet on his predictions in my business and personal financial decisions and they have worked out. This year Brian is very optimistic about the U.S. economy. He sees good business until 2019 at which point he envisions a short recession. For machining companies…
How can Israel — a country of only 7 million, with no natural resources, enemies on every border, and in a constant state of war, produce more start up companies then Japan, India, Korea, Canada, and the UK? In Start-up Nation Dan Senor and Saul Singer describe how Israel’s adversity-driven culture does it — how they foster their unique combination of innovation and entrepreneurial spirit. The short, partial answer is: Israelis put chutzpah first! But more in-depth: their policies on immigration, R&D, and military service have spurred the country’s rise. For the US and others there has never been a…
My wife and I went to see Clint Eastwood’s film, American Sniper. We thought it was a well made movie, Bradley Cooper was superb as Chris Kyle, but we walked out halfway through. Two tours in Iraq were all we cared to watch. For me, it brought back sad memories of my youth – the Vietnam War – the war I was supposed to fight in, but managed to avoid. I did go into the Armed Services. I left for Fort Jackson in South Carolina for Basic Training on New Year’s Day 1968, but I went as a member of…
Major League Baseball Spring Training officially begins this week. This is a signal event for me stating that the teeth of winter will lift out of my groin in a few weeks. To me the beauty of baseball endures. It isn’t just the game and the stars, it’s the talking about the game with friends. It’s the memories of seasons past and the opportunity to watch my grandchildren swing a bat and toss a ball around. It’s memories of Ernie Banks and Harry Caray and a thousand semi-forgotten Chicago Cubs. And now it is hope for a better season with…
I recently heard a story on an NPR podcast called “Invisibilia,” which discussed the effects expectations can have on human abilities. The story begins by describing a scientific test conducted on rats. Researchers took several rats and put them in cages, arbitrarily labeling half the cages with “smart rat,” and the other half with “dumb rat.” Lab technicians who did not know that the rat cages were labeled arbitrarily, took the rats out and tested their abilities to finish a maze. My inference, as I assume most people’s would be, is that the rats from cages labeled “smart” would do…
A prominent Manhattan parish wants to turn moral authority into action, taking Walmart to task for selling weapons with high-capacity magazines. Like many proud, East Coast WASP institutions, the Episcopal Church has lost considerable clout over the last few decades. Trinity Church, in Manhattan, is a rare redoubt of influence. Thanks to Queen Anne’s 215-acre donation in 1705, Trinity is one of Manhattan’s largest landholders. The church has sold some of the land and parlayed into a $2 billion portfolio, making it an exceptionally wealthy parish. Two years ago, an internecine fight broke out over what to do with that…
Yesterday, I received a one hour crash course from a client deep in the plumbing business on what it takes to be successful making faucets and bathroom components in America. He works for a company that sells to big box retailers. They have made their stuff in China, but five years ago, they took on the challenge of showing the CEO and accountants of a publicly traded company that they were not only relevant, but could make good brass components in America for less money and with way less aggravation than using subsidiaries in Shanghai. In four years they reduced…
I am fascinated by changes coming in staid old automotive land. The battery operated car business is moving rapidly. Tesla may be surpassed by BMW or GM in the next few years, but Tesla may still be the big winner with its mega battery factory in Nevada, which will push the price down significantly on this platform. Never underestimate Elon Musk. Batteries are the game changer in the electric car business. The car is secondary for making money. Other truly interesting developments include the advancement of self-driving car technology and the rise of Uber, the automated car service that is…
My Chicago Cubs just made a trade for center fielder Dexter Fowler, a 6-year Major Leaguer, who will make $9.5 million in the upcoming final year of his current contract. Coming out of high school in Alpharetta, Georgia, a suburb of Atlanta, he had the opportunity to get a full ride to Harvard University, but chose to take the money of a 14th round draft pick to try to get to the Major Leagues quickly. It was an interesting choice for an 18-year-old kid. Harvard versus Minor League baseball and a small cash bonus. It reminds me of Billy Beane,…