Sub-Contracting Only Seems Efficient

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.
—     Peter Drucker
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On This Day In:
2022	One Working Future
2021	Still A Work In Progress
	An Innocent Man
2020	Three Stooges
2019	#Impeach45: Halt The Slide Into Tryanny
2018	Expecting Profit
2017	In Spite Of The President
2016	And Sets
	And My God For His Graces
2015	About Character
2014	Your Gain
2013	Look Up
2012	Count Me In
2011	Pirates Four, Three Songs
	Sir Charles
	Look First, Not Last
2010	Par-a-diddle

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We “Market” Feelings And Image Not Products Or Services

The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself.
—     Peter Drucker
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On This Day In:
2022	Until Something Better Comes Along
2021	Facing The Headwinds
	Still Thankful, Still Don’t Read Well
2020	Write For Yourself
2019	I’m Actively Irresponsible
2018	I Will Love You… Forever
2017	Pebbles In Your Shoe?
2016	Resolute Will
2015	Absorbed And Civilized
2014	Relax And Lead
2013	Location, Location, Location
2012	Are You Really Good?
2011	Relatively Objective, Anyway

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Says The Rich

Only when the tide goes out do you discover who’s been swimming naked.
—    Warren Buffett
[For most of the last 60 years, all we’ve heard from the Republicans is: “Lower taxes on the rich and require everyone to work for their social safety net “benefits” and America will be a “better” place.”  How’s that worked out for the middle and working class American?    —    kmab]
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On This Day In:
2021	Most Likely Beast
	Memories To Last A Lifetime
2020	Meet Unexpected Success
	Sweet Love
2019	Curing With Salt
2018	A Politician With Skills
	And / Or A Genuine Smile
2017	A Lone, Brave Voice…
2016	Job Security
2015	For I Have Always Lived Violently
2014	We Stand !! (I Stand With George)
	Additional Requirements
2013	In The Present Day
2012	Feeling It
2011	Stretching Science

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Five Down, Two To Go

To fulfill a dream, to be allowed to sweat over lonely labor, to be given a chance to create, is the meat and potatoes of life.  The money is the gravy.
—    Bette Davis
[It normally takes seven to seven and a half years of retirement for the average American to “recover” all of the funds paid into their Social Security retirement funds during their forty odd years of work.  I’m well over half-way there and looking forward to the gravy!    —    kmab]
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On This Day In:
2021	Four Down, Three To Go
	It Still Ain’t
	Boosted
2020	Three Down, Four To Go
	Twenty-Four ‘Til You
2019	Two Down, Five To Go
2018	Year One, Done!
2017	First Day Of Retirement!
2016	Revere And Criticize
2015	Global Climate Change May Test This Statement
2014	Adaptability Won
2013	Disappeared
2012	Fuller
	Life On The Range
	More Classics
2011	Stoned Again?
2010	Insubordination… And That’s Why I Love Her!
	Losing – Week One

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More Like 60 To 70 Years

The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you.  But that has not worked the last 10 years, and I hope the American public is catching on.
—     Warren Buffett
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On This Day In:
2021	Hold That Thought
	Got Love?
2020	Everyone I’ve Ever Met
	A Secret Chord
2019	A Big “IF”
2018	Silence Presence
2017	Feeling Small Standing In Front Of My Shelves
2016	Show Willing
2015	If He Only Knew…
2014	Dared To Love
2013	Strong Kung-Fu
2012	Two Tribes
2011	Made Any Assumptions Lately?

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A Time Advantage

One of the many advantages of being a loner is that often there’s time to think, ponder, brood, meditate deeply, and figure things out to one’s satisfaction.
—     Andrea Seigel
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On This Day In:
2021	A “Modest” Goal
	I’ve Had Enough
2020	BLM
2019	Courage And Patience
2018	Push The Envelope
2017	Ents
2016	Are You Sure?
2015	Distracted
2014	What It Takes
2013	We Are
2012	Utopian
2011	Seen Any Black Swans Lately?

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Recovering From The #45 / COVID Induced Inflation / Recession

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear.  We’ll break out of it.  It takes time.
—     Warren Buffett
It’s never paid to bet against America.  We come through things, but its not always a smooth ride.
—    Warren Buffett
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On This Day In:
2021	Sift And Stir
	Some Oaktown Beat
2020	Role Reversal
	Time To Defend The Constitution (Part I)
	Time To Defend The Constitution (Part II)
2019	Right Or Wrong
2018	Open Doors
2017	When It Deserves It
2016	Expiation For Rest
2015	You’ll Get Through It
2014	A Special Kind Of Fall
2013	Very Rewarding
2012	MIB3 – The Team Is Closer Than Ever
	Yet
2011	Little By Little

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We Need Both

We wish to pursue the truth no matter where it leads.  But to find the truth, we need imagination and skepticism both.
—    Carl Sagan
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On This Day In:
2021	Broaden The Circle
	The Phone Keeps Ringing
2020	Stay Gentle
2019	Immoral #45
2018	From My Soapbox
2017	The Single Most Effective Thing For Health
2016	A Trumpet Solo
2015	Potential Is A Heavy Burden
2014	Fear Not, Weep Not
2013	Half Way There
2012	Sacrificed Any Lately?
2011	The Value Of One’s Character
2010	Intervals
	On Being Human
	Non-predictive Emergence
	Events
	Bodily Functions
	Standing Thoughts
	Sent Home Is Better Than Fixed

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Let Me Tell You An Amusing Story…

All the old history was written for the amusement of the ruling classes.  The lower classes couldn’t read, and their rulers didn’t care about remembering what happened to them.
—     Francis Zappa
As quoted by his son:  Frank Zappa
From his book:  “The Real Frank Zappa Book“
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On This Day In:
2022	Let Me Tell You An Amusing Story…
2021	Together Forever
	Think It Over
	Small But Fun
2020	Still Learning
2019	Almost Hallmark
	Beyond All Reason
2018	Daydreams And Wanna-Be’s
	Or Work For #45
2017	Summer Pale
2016	Ain’t It Funny
2015	At Both Ends
2014	Whiner(s)
2013	Just Passing Through
2012	Dog-gone Heaven
2011	Occasional, Sad Results

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One Working Future

It was recognized that free trade in goods, though to be continued, was likely to be much less important to rich countries in the future than freedom for international and transnational telecommunications.  Now that factories (except in low wage areas) were bound to become more and more automated, people in the rich northern one-third of the world would mostly be in white collar jobs where they would be working with their imaginations rather than their hands.  But people in such jobs would not necessarily need to live near their workplaces.  What should be the nationality and tax position of a Belgian dress designer who lives in Monte Carlo and St Moritz in the winter, at Stratford-on-Avon in the spring, and Corfu in the summer, and does his work by daily telecommunication through a portable console to colleagues and computers at the largely automated textile factory at Volgograd where he works – who becomes, in fact, a telecommuter?
—     General Sir John Hackett (et al)
From: “The Third World War: August 1985“
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On This Day In:
2022	One Working Future
2021	Still A Work In Progress
	An Innocent Man
2020	Three Stooges
2019	#Impeach45: Halt The Slide Into Tryanny
2018	Expecting Profit
2017	In Spite Of The President
2016	And Sets
	And My God For His Graces
2015	About Character
2014	Your Gain
2013	Look Up
2012	Count Me In
2011	Pirates Four, Three Songs
	Sir Charles
	Look First, Not Last
2010	Par-a-diddle

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We Are Seeing The Future

The wars of the late nineteenth century – the American Civil War, for example and the Franco-Prussian War – were wars of the railway, the telegraph, breech-loading small arms and tinned rations.  The seas were dominated by the ironclad.  At the beginning of the twentieth century the Russo-Japanese War show to any who cared to learn the dominance on the battlefield of the spade, barbed wire and automatic weapons.  The First World War rammed home the same lesson, in a war in which the internal combustion engine, artillery, the submarine, air power and armoured vehicles became the dominant features.  The Second World War was one of worldwide mobility on land and sea and in the air, of total mobilization of population and industrial reserves, of sea power and of air forces.  It ended in the shadow of the nuclear weapon.  The Third World War was widely expected to be the first nuclear war – and perhaps the last.  It turned out in the event to be essentially a war of electronics.
—     General Sir John Hackett (et al)
From his book:  “The Third World War: August 1985“
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On This Day In:
2022	We Are Seeing The Future
2021	The Correct Answer Will Be In The Form Of A Question
	Listen Up
2020	Testing To Open The Economy Safely
2019	Or Thought I’d Thought
2018	Go And Dare
2017	And Wealth A Poor Substitute For Ability
2016	Neither Darkness Nor Shadows
2015	It Took Roots
2014	Hard Evidence
2013	Full Participation
2012	Roving (Again)
	Ooops, Again
2011	Why Not?

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Prescient (Or Not?)

Russia is still contending with the collapse of the Soviet Union.  Russia can meddle in Ukraine at the margins, but threats to fully invade and occupy a country of more than 44 million people aren’t credible.  That big a move would cost too many Russian lives and too many rubles for a chronically weak – and weakening – Russian economy.  In recent months, Belarus provided the latest example of the post-Soviet demand for fundamental change and the need to shoot people to keep protests under control.  In the most recent presidential election in Moldova, a Harvard-educated economist toppled a pro-Kremlin incumbent.  Last year, Turkey’s backing for Azerbaijan dealt a humiliating defeat to Russian ally Armenia in a region that Russia once dominated.  Beijing is increasingly competing for influence with Moscow among the former Soviet Central Asian states.
—     Ian Bremmer
From his opinion piece:  “The Risk Report: What game is Putin playing?“
Appearing in:  Time Magazine;  dtd:  21/28 June 2021
[It seems the “threat” of invasion was a little more “credible” than Mr. Bremmer believed (the editorial was from 2021).  IF the West continues to support Ukraine and IF Putin doesn’t resort to tactical nukes, it appears Mr. Bremmer will ultimately be proven correct that Russia bit off it bit more than it could chew (let alone conquer).    —    kmab]
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On This Day In:
2022	8 And 9 (40)
	Prescient (Or Not?)
2021	Or Faith In A Creator…
	It Seemed The Taste Was Not So Sweet
2020	Nearer My God To Thee, By George
	I’ve Got To Keep Working On It
2019	Laugh With Me
2018	Both Sides, Mr. President?
2017	Republicans Better Wake Up
2016	Truth Telling
2015	To Be Effective In The Modern World
2014	A Little Cover
2013	Binding
2012	Lift
2011	Another Good Movie, Another Excellent Book
	miSFits
	I’m Just Not Sure

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Long Past Time For A “Thorough-going Reappraisal”

In absolute terms, moreover, the mass and volume (to say nothing of the cost) of all that was required, particularly in fuel and munitions, to maintain an army in field operations at an intensive rate against a similarly equipped opponent, was now very great.  It had taken a quantitative jump since the Second World War.  Warfare in the Middle East in the seventies had shown this very clearly, if on relatively small scale.  It was just no longer possible, at the rate at which stocks could now be exhausted, to sustain intensive operations of war for months on end.  Head – and equipment – counts were no longer the true measure of an army’s capability.  Formation in large numbers could be a liability rather than an advantage unless they could be kept effectively in action.
The Soviet war-fighting philosophy, from whatever origins it may been evolved, was in the circumstances of the 1980s exactly right.  It enjoined the initiation of total and violent offensive action, swiftly followed through to the early attainment of a valuable objective.  The position of military advantage thus secured would then be exploited by political means.  Speed was everything. The corollary was that failure to secure the objective in good time must result in a thorough-going reappraisal, in which to continue to press towards the same end might very well be the least sensible course.
—     General Sir John Hackett (et al)
From the “future-history” novel:  “The Third World War: August 1985“
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On This Day In:
2022	Grr-Argghh
	Long Past Time For A “Thorough-going Reappraisal”
2021	Facing Life
	70’s Sunshine Sound
2020	#IncompetentTrump And His Pandemic Briefings
	#IncompetentTrump
2019	I Hope So
2018	Painted Into
2017	Prayers, Miracles And Lottery Tickets
	Roman View
2016	Dignity And Grace
2015	Is It Warm Enough For You
2014	What The Right STILL Wants
2013	Embrace Serendipity
2012	Your Order, Please
2011	Well Enough Anyway

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Threat Calculus

The Fed has had almost no success gently bring down inflation once an economy has started to overheat.
…
The long-run threat (facing the economy) is that we will cease to be one effective country.  Whether that’s a failure of public investment in everything ranging from collecting the taxes that are owed – where there will be $7 trillion in taxes that are owed but not paid over the next decade;  that is a huge loss to the government  …  [and] a huge source of injustice because most of the nonpayment comes among the highest-income Americans.  Whether it is the fact that at the early stage, we were dependent on other countries for masks, and we were not well prepared for a pandemic, despite the fact that there had been repeated warnings that a next pandemic would come.  Whether it is the fact that it takes half an hour longer on the schedule to fly from Boston to Washington that it did when I first started taking the trip regularly 40 years ago.  This falling-apart of society is our greatest long-term threat.
…
I think another important part of the calculus is that when governments lose control over money, people tend to lose confidence in them.  Progressives need to ponder the fact that when they’re not able to keep inflation under control, they can pay a very large political price.
—     Larry Summers
Former Secretary of the Treasury
In an interview with / by:  Eben Shapiro
The interview was titled:  “The Leadership Brief: Inflation worries are keeping Larry Summers up at night“
Appearing in:  Time Magazine;  dtd:  21/28 June 2021
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On This Day In:
2022	Threat Calculus
	7 (And 6) – 40
2021	Questioned By Life
	If There’ll Come A Time
2020	Trying To Grow Pearls?
2019	Instantly Turned
2018	Sitting
2017	No Right Way
2016	Still Ticklish
2015	Maybe Sooner Than You Think
2014	The Path Of Mastery
2013	Love’s Ignorance
2012	Here’s To Enjoyment
2011	Not Just The Facts, Ma’am

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Widening The Moat

Every day, in countless ways, the competitive position of each of our businesses grows either weaker or stronger.  If we are delighting customers, eliminating unnecessary costs and improving our products and services, we gain strength.  But if we treat customers with indifference or tolerate bloat, our businesses will wither.  On a daily basis, the effects of our actions are imperceptible;  cumulatively, though, their consequences are enormous.
When our long-term competitive position improves as a result of these almost unnoticeable actions, we describe the phenomenon as “widening the moat.”  And doing that is essential if we are to have the kind of business we want a decade or two from now.  We always, of course, hope to earn more money in the short-term.  But when short-term and long-term conflict, widening the moat must take precedence.  If a management makes bad decisions in order to hit short-term earnings targets, and consequently gets behind the eight-ball in terms of costs, customer satisfaction or brand strength, no amount of subsequent brilliance will overcome the damage that has been inflicted.  Take a look at the dilemmas of managers in the auto and airline industries today as they struggle with the huge problems handed them by their predecessors.  Charlie [Munger] is fond of quoting Ben Franklin’s “An ounce of prevention is worth a pound of cure.”  But sometimes no amount of cure will overcome the mistakes of the past.
—     Warren Buffett
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On This Day In:
2022	Widening The Moat
2021	Core Strength
	Thinking Of You
2020	Rising Danger
	210 Day Health / Weight Update (Apr 2020)
2019	Never Let ‘Em See You Sweat
2018	Just Two?
2017	Living Without Love
	Good News!
2016	At This Moment
2015	Still Dreaming
2014	Good Wins
2013	Before
2012	Look To This Day
2011	One View Of Man

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