Category: Entrepreneurs


Back in the 1980s and into 1990s, Almost DailyBrett drove a sleek and sexy BMW 635csi.

She was beautiful. She was well-designed. She was high maintenance. It cost a fortune to take her out to dinner.

That was then, this is now.

Today Tesla (NASDAQ: TSLA) at $185 billion and counting has a higher market cap — stock price x number of shares — than the three legendary German auto designers/manufacturers combined (i.e., BMW. Daimler AG, Volkswagen) at $151 billion.

How can that be?

The time-tested names Bayerische Motoren Werke (1916),  Daimler (1926), and Volkswagen (1937) are legendary and enduring symbols of German engineering. Having acknowledged this undeniable fact and provided the totally justified praise, one still must ask: Do these companies and their respective stock prices point to the past or to the future?

After all a company’s stock price is a forward — rather than a — lagging indicator. Right?

Visiting the BMW Museum and BMW World in München in 2017, your author was impressed by the company’s century-long achievements when it came to the design of internal combustion engine automobiles and motorcycles. Having said that, the story fell off — literally the wheels came off — when it comes to electric vehicles (EV). The BMW offering is an ugly duckling.

Is this Bavarian econo-box with an electric charger, “The Ultimate Driving Machine?” Seriously?

Do you think that Elon Musk is quivering in his boots? The BMW i3 EV box looks like … a Chevy Volt or a Nissan Leaf. Are those auto also-rans now competitors to BMW?

Considering that BMW, Daimler, Volkswagen — let alone long-time American and Japanese competitors — have been making gas powered vehicles for decades, do they really want to cannibalize their existing businesses? Are their collective hearts really into no gasoline, no emission, clean and environmentally responsible EVs?

The answer may be found in their ugly EVs. Can you see the difference between the sleek lines of the 20th Century BMW 635 csi and the boxy contours of the 21st Century BMW i3 EV? Did the same company design these vehicles?

What happened? Why is BMW going backward?

Tesla Is A Pure Play

Before going further, Almost DailyBrett must provide a consumer warning after buying and selling Tesla stock five times before, making a nice profit four times. Your author owns a handful of TSLA shares now as he writes this submission.

Musk will never be hampered with the concern about competing against his own business. Tesla designs and manufactures EVs, ion lithium batteries and related software. Does the South Africa Wunderkind have a singleness of purpose? Of course not, he also guides privately held SpaceX in his spare time as the company propelled Americans into space for the first time since 1998.

As $400 million net worth Mr. Wonderful investor Kevin O’Leary recently said, Tesla is the way that investors can participate in the SpaceX story. Tesla is four figures expensive and has an astronomical 89 times forward earnings P/E ratio (stock price/forward annualized earnings per share). Shareholders need to watch this volatile stock carefully and take Maalox on the side.

For the time being, TSLA is a trading stock not a long-term buy and hold.

Now that the requisite investor warning has been issued, it’s perfectly acceptable to be dazzled by the beauty of Tesla’s sexy cars. In an absolute marketing coup, Musk showed off Tesla’s truck, semi and most of all its sexy lineup of cars — Model S sedan, MSRP $74,990, Model 3 sedan, $37,990 and Model X SUV, $79,990 — to car aficionado former Tonight Show host/comedian Jay Leno.

“Jay Leno’s Garage” is a prime-time show, following “Shark Tank,” on Wall Street on steroids network, CNBC. One can only imagine the average wealth of “Garage” and “Tank” viewers. Heck, Musk and Leno even showed off the Tesla roadster, which will only set you back about $200,000.

Is it time for Almost DailyBrett to trade in his Miata roadster? Don’t think so.

When it comes to Tesla, the company is pointed toward a no-combustion engine, no gas-guzzling and no emissions-into-the-atmosphere future.

While other companies are kicking and screaming as they are being dragged along to the electric vehicle horizon, Tesla is the pioneer, best in breed and No. 1 EV and ion lithium battery innovator all rolled into one.

Is TSLA a cult stock, based upon the Steve Jobs-type innovation of Elon Musk? Yes.

Is that a good enough reason, not to buy the stock? Does sex sell?

https://www.bloomberg.com/quote/DAX:IND/members

https://www.cnet.com/roadshow/news/every-electric-car-ev-range-audi-chevy-tesla/

https://www.investopedia.com/articles/wealth-management/112315/net-worth-shark-tank-cast.asp#2-kevin-oleary

 

“Check out pressure washer George, he knows-all the chords; Mind, it’s strictly noise, he just wants to make it spray and waste.

“And leaf blower Paul doesn’t mind, if he ruins the neighborhood; He’s got a daytime job, screw everyone else.

“And then the chain-saw man he steps right up to starter rope; And says ‘at last’ just as the tree rings zing.

The motto of Eugene’s “Symphony” Orchestra: “Climate Change For Thee, Not For Me.”

The orchestra — pressure washers, leaf blowers, chain saws, wood chippers, grass edgers, lawn mowers — anything and everything that uses gas-powered internal combustion engines to waste gallons of water, emit dangerous pollutants into the air, and inflict noise pollution outdoors and indoors — is on tour this summer.

And best of all, the orchestra plays in your neighborhood with special all-day performances starting before 7 am on Sundays and holidays … or until the pressure washer, leaf blower, chain saw … is returned to the rental dude.

For Memorial Day, the Eugene Symphony Orchestra (ESO) submitted the following set list:

Come On, Hear The Noise

Mowers On The Storm

Leaf Blowing In The Wind

We’re Not Going To Rake It

Pressure Washer Blues

Think Globally, Forget Locally

Down The Drain

Screw The Polar Bears

Never Heard Of A Broom

What’s Your Problem?

Climate Change Hypocrites

Before 7 am, We’re Going To Let It All Hang Down

What The … ?

You Can Check Out Any Time You Like, But You Can Never Leave

2020 Overture With Wood Chipper

Encore

Behind Red Eyes

You Got Fooled Again

One would think that a city (e.g., Eugene), which prides itself for its green consciousness (for everyone else), would take a stand against environmental degradation.

You would be wrong.

In Eugene … The “Band” Plays On … and on … and on.

https://www.sfchronicle.com/business/article/California-s-latest-pollution-push-Banning-14951305.php

https://almostdailybrett.wordpress.com/2014/06/14/pressure-washers-wood-chippers-leaf-blowers-oh-my/

California Cities and State Regulators Are Coming for Your Gas-Powered Leaf Blower

 

 

 

 

 

“If everyone is thinking alike, then somebody isn’t thinking.” — US General George C. Patton (1885-1945)

“The Democrats in Jim Crow Alabama of 1952 would not register him (her Presbyterian minister father) to vote. The Republicans did.” — Former U.S. Secretary of State and present Stanford provost Condoleezza Rice

“I didn’t leave the Democratic Party. The party left me.” — President Ronald Reagan (1911-2004)

Some have suggested that we have never been so divided; some seem to be skipping over the Civil War.

Having made this necessary clarification, your author is reminded of a quote from an Auburn football fan about the annual Iron Bowl.

“In Alabama, it’s either ‘Roll Tide’ or ‘War Eagle,’ and once you choose, you are branded for life.”

‘You are either for me or you are against me.’ How many times have we heard that quote?

In reality, life is not that simple. It’s not always black and white. As citizens — not subjects — with free will, we don’t have “own” everything that goes along with political orthodoxy. In fact, we don’t need to forever embrace a particular political philosophy.

Having grown up in a Roman Catholic Democratic household in which John F. Kennedy was our family patron saint and Nixon’s first name was “damn,” it seemed that Almost DailyBrett would be relegated to lifelong subordination to the Democratic Party.

“It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates.” – President John F. Kennedy, Economic Club of New York, December 1962.

Kennedy’s quote and his strong military “quarantine” against Soviet missiles in Cuba, not the advocacy of a never-ending shutdown of the American economy, serves as a perfect example of the difference between the Democratic party then and the Democratic party now.

No Lightening Bolt Out Of The Sky

“Democrats, when they’re feeling alarmed or mischievous, will often say that Ronald Reagan would not recognize the current Republican Party. I usually respond that John F. Kennedy would not recognize the current Democratic Party, and would never succeed in it.” – Wall Street Journal columnist Peggy Noonan

Ronald Reagan didn’t transform your author into a “Reagan Democrat,” but instead a “Reagan Republican.” The Gipper’s celebrated epiphany occurred in 1962. For your author it was 20 years later. With time, Almost DailyBrett has grown to be even more neo-liberal and libertarian.

Buy Low Sell High.

There is a 100 percent correlation with your author leaving the ranks of those an eternal vow of poverty (e.g., political press corps) and joining the ranks of the well-compensated “dark side” (e.g., public relations … press director for the Deukmejian Campaign Committee). As George C. Scott in “Patton” said, “I love it. I love it, so.”

As an aforementioned Catholic your author expected a lightening bolt to strike me out of the sky, falling off the horse on the road to Damascus, and voting for Reagan that first time. As James Brown celebrated: “I Feel Good, So Good … “

Becoming a proud Reagan/Deukmejian Republican does not mean, yours truly buys into each and every policy position on the right side of the aisle. To this very day, Almost DailyBrett can state ex-cathedra, he doesn’t like guns, never did, never will. Bad people with guns, even those playing violent video games, are not good things.

Assault weapons are the worst. George Deukmejian said he saw absolutely no reason why anyone needed an assault weapon. We banned assault weapons in California. The NRA went fruit cake. Almost DailyBrett as press secretary strenuously defended that position; and supports that stance now.

There is no reason to be … predictable.

Voted Against The Clinton Restoration

Four years ago your author voted against the specter of a Clinton Restoration in the White House. Some believe in their hearts today they cast a good vote on behalf of a now increasingly bitter Hillary. There was zero chance of your author making that choice.

At the same, Almost DailyBrett was deeply troubled by Donald Trump’s decided lack of Reagan/Deukmejian political discipline. There was never any doubt about the philosophical direction of Ronald Reagan and George Deukmejian. You could agree with them or not agree with them, but there was no doubt where they stood.

As Reagan said in his last Republican Convention speech in 1992: “Whatever else history may say about me when I’m gone, I hope it will record that I appealed to your best hopes, not your worst fears; to your confidence rather than your doubts.”

Reagan and Deukmejian were eternal optimists, not utopian and decidedly not dystopian.

Your author did not vote for Donald Trump in 2016 (writing in former Speaker Paul Ryan), the first time since the 1980s not supporting the GOP nominee.

Fast forward, Donald Trump is not any more politically disciplined now compared to four years ago (see TMI on Hydroxychloroquine), another self-inflicted public relations damage control fire drill.

Having said that, there is the president’s record including tax and regulatory relief, standing up to China, strengthened border controls, strict constructionalist judicial nominees, increasing military preparedness and no new wars. And let’s not forget the Covid-19 response and the reopening of America’s economy.

Alas, the Democrats have settled on Joe Biden. Not being the hated Trump apparently is good enough for them. Deep down, they really want New York Governor Andrew Cuomo.

Democrats can’t get what they want. Republicans are getting what they need.

http://content.time.com/time/specials/packages/article/0,28804,1894529_1894528_1894518,00.html

http://content.time.com/time/specials/packages/article/0,28804,1894529_1894528_1894522,00.html

https://archive.nytimes.com/www.nytimes.com/library/convention/chome/nreagan.html

 

 

“Yes, most likely.” — Boeing President and CEO David L. Calhoun asked if one of his airline customers will go out of business

Three little devastating words.

What is one of the Golden Rules of Public Relations? Don’t answer hypotheticals.

“What happens if the sun slams into the earth?

You can think we would all fry and die and the markets would close early, but you have the right to keep your thoughts to yourself and to deliver a boring response to a reporter, anchor or correspondent.

Today’s Savannah Guthrie asked Calhoun if an airline (e.g., one of Boeing’s customer) could go under, and he uttered those three little words starting with “Yes.”

Guess what? The entire airline sector took a dive (pardon the poor Almost DailyBrett pun) as well as one of their chief suppliers … that would be … Boeing. The company’s PR department reportedly tried to “walk back” Calhoun’s gaffe, but as they say … ‘You can’t put the toothpaste back in the tube.”

Almost DailyBrett must first ask: Why “Today”?  Why now?

Even before Covid-19 sell-off, the company was responsible for two Boeing 737 Max-8 failure airplane crashes. As a former shareholder, your author knows the airline passenger market is on its back. Boeing turned into a ‘sell.’ It’s still a ‘sell.’

What’s the “great” news to bestow to the aeronautics rocket scientists at Today. Considering that Boeing is the ultimate B2B (business-to-business) is Today’s audience, your audience? Wouldn’t CNBC, Fox Business, Wall Street Journal or even Aviation Week be more appropriate media for Boeing?

Your Mother Always Told You To Tell The Truth

So did Immanuel Kant.

A former Silicon Valley colleague made a valid point that Boeing boss Calhoun should be given credit for telling the truth, and nothing but the truth.

True, but Calhoun went too far. Questions about the financial health of each and everyone of Boeing’s airline customers should be left to the … carriers themselves.

What was the alternative (besides declining the Today interview request)? How about not responding to the question, simply acknowledge the interrogative, say you can’t speak for individual airlines and pivot the discussion back to Boeing. The technique is known as Acknowledge-Bridge-SOCO (Strategic Operating Communications Objective).

SOCO is the answer, which coincides with predetermined before the Today interview Boeing’s agenda, not the wishes of Mizz Guthrie.

As a former press secretary for former California Governor George Deukmejian, your author and our press office staff parried each and every hypothetical question. It was our rule. It was our political discipline.

Consider one of the many questions that we received about legislation pending in the state Legislature, and whether the governor would sign or veto a bill? Unless it was one of the rare cases in which the governor deliberately wanted to send a discouraging message in advance — the bill would be DOA — we implemented our sacrosanct rule about not responding to hypotheticals.

Reporters would often voice their displeasure, but our answer made sense … bills are often amended. They are shelved in committee. They fail on the floor of one or the other house. You can’t make a judgment on a bill if and until it reaches the governor in its final form.

In governance, it’s sound public policy to plan for the future — California 2010 project in 1987. The Golden State foresaw the equivalent of the population of the State of Illinois moving to California. That prediction turned out to be true.

Having said that, there is zero upside with thinking out loud in the on-the-record presence of a reporter. Unless you have the internal green light from your management to float a trial balloon, the practice of speculating about the future is inherently dangerous.

And if you do venture into the hypothetical minefield, mind your own knitting (one metaphor following another),

Calhoun’s greatest sin in the eyes of Almost DailyBrett was conjecturing out loud about the business future of one of Boeing’s customers. That’s the carrier’s prerogative and responsibility, not Boeing, the B2B supplier.

Boeing’s PR department deserves more than its fair share of blame for this gaffe. Today was a bad choice at the worst time possible.

Calhoun was not adequately media trained, particularly when it comes to never answering hypotheticals.

https://www.nbcnews.com/business/business-news/coronavirus-pandemic-could-force-major-u-s-airline-out-business-n1205036

http://www.boeing.com/company/bios/david-l-calhoun.page

 

 

Which Californian would you rather have running your business: Tim Cook or Gavin Newsom?

Taking into account that Covid-19 indiscriminately hit both Apple and the State of California at the same time in the same place, which entity performed better under nearly identical circumstances?

Under Governor Gavin Newsom’s watch, California with the nation’s highest income taxes (13.3 percent at the apex) and an average sales tax of 8.66 percent recently reported its record $21 billion surplus is now an unprecedented $54.3 billion deficit … that’s a staggering $75.3 billion switch if you are scoring at home. Nonetheless, the state found $75 million in the form of a pander payment to California illegal aliens.

Will they be eligible to vote … some day?

As the chief executive officer of $260 billion Apple with $44 billion in cash reserves, Tim Cook just announced the reopening some of Apple’s national stores this week with many more to follow. The company achieved a 37.8 percent gross margin and 14.3 percent to the bottom line in FY 2019, returning quarterly dividends of $0.82 per share for its shareholders.

As a member of the growing California Diaspora and a best-in-breed investor, who would Almost DailyBrett choose as a responsible fiscal steward?

Hint: Apple shares are up 7.25 percent this year, despite the Corona virus. As CNBC’s Jim Cramer repeatedly has proclaimed, he is only interested in a stock’s future. Share prices are a leading … not trailing … indicator of future performance.

Apple is a leader. California is a laggard.

The same is true with other best-in-breed publicly traded companies including Salesforce.com, Gilead Sciences, Lululemon Athletica, McDonald’s, Microsoft, Nike, NVIDIA and Starbucks. Is the present iteration of California anywhere close to … best in breed?

If California was publicly traded, would a responsible investor select the Golden State or no state income tax Texas and/or Florida?

As the former press secretary for the former Governor of California George Deukmejian (1928-2018), my love for the Golden State is true … your author loathes the present crew in Sacramento. Just ask Tesla boss Elon Musk.

Peddling A False Choice

The bull statue on Wall Street and the True Value hardware store on Main Street are not mutually exclusive.

The countless suggestions of a Berlin Wall type of divide between the two streets is a false choice. Even the stately The Economist fell into this trap.

The reason is simple, millions of investors who live on Main Street, the side streets and the suburbs. Gallup reported that 55 percent of Americans own stocks and/or stock based mutual funds … before Covid 19. America’s Investor Class certainly took a hit with the virus, but there are tangible results indicating without any doubt that investors are coming back, money is coming off the sidelines … heck the NASDAQ is up for the year.

Those who project the end of Capitalism may even be the same to predict the Republicans were the Whigs of the 21st Century, heading for extinction. Whatever happened to these rocket scientists?

Many in America’s investor class are fond of ETFs or Exchange Traded Funds and other versions of mutual funds. Your author is an investor in Fidelity’s Contrafund with $112 billion assets under management (AUM). The fund invests in large caps including Facebook, Amazon, Microsoft, Berkshire Hathaway (think Warren Buffett), Adobe, Google …

Cash needs to be a significant portion of any responsible portfolio, which should include a mutual fund or two.

Almost DailyBrett must pause and ask the investor class (anyone who would care to listen), how about being the manager of your own mutual fund (no fees or commissions)? Why not build a portfolio with your own selection of best-in-breed stocks (e.g., Apple)?

To some, this approach may be too risky. To others, do you really need a paid-by-you investment advisor to tell you that Nike is the number athletic apparel manufacturer in the world? Why not buy the stock when the next inevitable dip comes around?

Buy Low Sell High.

For the most part, America’s Investor Class radiates out from Main Street. To suggest that Wall Street needs to be reined in and economic freedom should be curtailed by those who determine the so-called Public Good is contrary to the best interests of millions investing for retirement, a child’s education, a dream house or a new business.

It takes a free market to raise a child.

Wall Street is Main Street.

P.S. Be careful about investing in The State of California.

https://www.economist.com/leaders/2020/05/07/the-market-v-the-real-economy?

https://www.cnbc.com/2020/05/07/california-faces-a-staggering-54-billion-budget-deficit-due-to-economic-devastation-from-coronavirus.html

https://www.apple.com/newsroom/2019/10/apple-reports-fourth-quarter-results/

State and Local Sales Tax Rates, 2020

https://www.cnbc.com/2020/04/15/california-to-give-cash-payments-to-immigrants-hurt-by-coronavirus.html

https://almostdailybrett.wordpress.com/2019/06/20/californias-growing-diaspora/

What Percent Of Americans Own Stocks?

State Individual Income Tax Rates and Brackets for 2020

“One taboo after another has been broken. Not just the threat of fines or prison for ordinary people doing ordinary things, but also in the size and scope of the government’s role in the economy. — The Economist, The state in the time of covid-19, March 26, 2020

“Coming next is likely to be contact tracing, an effort track people exposed to the virus that could invade the privacy of all Americans.” — Dan Balz, Washington Post, Government is everywhere now. Where does it go next. April 20, 2020

“Government is not the solution to our problem; government is the problem.” — President Ronald Reagan’s first inaugural address, 1981

The California beach City of San Clemente filled its popular skate park with sand because it was being used by … (gasp!) … skateboarders.

The State of Michigan banned nurseries and garden shops because mandated shelter-in-place folks actually wanted to plant their home gardens … believe it or not … with seeds.

It’s spring. Pollen is in the air. The flowers are blooming. The birds are chirping.

In these growing cases of governmental overreach, are these punitive actions public relations victories … or failures?

“For believers in limited government and open markets, covid-19 poses a problem. The state must act decisively. But history suggests that after crises the state does not give up all the ground it has taken. — The neoliberal Economist

The Economist proclaimed today’s global state of affairs after more than one month combating the Corona virus as the “most dramatic expansion of state power since the second world war.”

Reminds one of the Red Army “liberating” Eastern Europe at the end of the same war.

Almost DailyBrett maintains a healthy libertarian streak preferring carrots (e.g., effective public outreach) than stones (thou shalt not … ). In the overwhelming number of cases, Americans accepted wise counsel from doctors and scientists, and closeted themselves at home for weeks on end.

At the same time, pay checks and investment portfolios vanished in the face of the unprecedented shutdown of the world’s largest ($21.44 trillion GDP) free-market economy.

Now the storm clouds are showing signs of receding, people are ready to go back to work, particular those who are unemployed. They do not want to wait … and will not sit at home … until 2021 or (gasp 2022 ), calmly waiting for final FDA approval and widespread distribution of a covid-19 vaccine.

The “Highest Priority” Of Government

“The highest priority of government is the protection and safety of its citizens.” — Former California Governor George Deukmejian

“Government also has changed personal behavior, recommending and in some cases ordering people to stay home, practice social distancing and wear masks outdoors, in some places under the threats of fines and penalties.” — Dan Balz, Washington Post

It will come as no surprise that your author, who earlier served as a Governor Deukmejian press secretary, concurs with controlling the size and scope of government.

Without getting inflamed by all the political finger pointing and retributions associated with the containment of the Corona virus, your author believes there is zero doubt we will ultimately beat this little bugger, the evidence is already there. We have prioritized protection and safety.

The Deukmejian administration contended that government was indeed necessary, but we questioned automatic expansions and costs of government which make little or no sense (e.g., today’s high speed train proposal from god-awful Bakersfield to no-where Merced).

But when is too much government, too much? Why can’t citizens … not subjects … be treated as adults rather than children?

Almost DailyBrett concurs with stay-at-home and social-distancing gospels as long as they are absolutely necessary … on a state-by-state basis. Where your author gets out of the government über alles boat is when the orders are arbitrary and capricious, and become an excuse for arrogant petty tyranny.

There is a major difference between the word, “encourage,” and “prohibit.” The latter means Verboten.

Your author remembers vividly University of Oregon graduate school classmates openly stressing about the prospect of the federal government keeping tabs of their … library book checkouts because of the Patriot Act to fight terrorism.

Why would government … care?

What would they think about digital virus contact tracing by Big Brother?

The Mother of All civil liberties battles?

https://www.economist.com/leaders/2020/03/26/the-state-in-the-time-of-covid-19

https://www.realclearpolitics.com/2020/04/20/government_is_bigger_than_ever_what_comes_next_508525.html

https://www.nationalreview.com/2020/04/coronavirus-authoritarianism-is-getting-out-of-hand/?

As the mallard flies, Autzen Stadium is less than five miles away … but it seems like millions of light years right now.

The Ducks last flew triumphantly in Pasadena just three months ago, and yet there are so many questions about when they will be airborne again.

We were all packed into the Rose Bowl as Justin Herbert repeatedly gave the “Heisman” to Wisconsin would-be tacklers, scoring a hat-trick of stand-up touchdowns.

And now we are required to give the Heisman to everyone, including those who are normally packed into Autzen with us.

Almost DailyBrett certainly respects and shares the global concern about the unbelievable power and threat posed by a ten-thousandth of a millimeter in diameter COVID-19 virus. We must do what we must do.

At some point, we will be done. We must be done.

The dreams of Autzen remain, and they’re not trivial. We may have taken “Autzen” for granted. Never again.

The next time walking into the stadium with nearly 60,000 of our most intimate friends means that we have fought and won the war against the Corona virus. We literally saved hundreds of thousands of lives.

Being at Autzen where it “never rains,” standing up proudly as the Oregon Marching Band plays the national anthem, will be a celebration of the American spirit. The mere act of standing en masse signifies what we can do, if absolutely necessary. In unprecedented fashion, America closed the planet’s largest ever economy and more importantly for our safety, health and prosperity … opened it back up for business.

As America begins a guided by science, phased-in, step-by-step, state-by-state recovery, it seems that sporting events (football is indeed our pastime) may be near the end of the line in terms of priorities. Keep in mind that our sports inspire us, build our character, make us happy and urge us to persevere (e.g., Miracle on Ice in 1980).

Your author is still looking forward to consecutive season #31 as a season ticket holder at Autzen, 15 rows behind the opponent’s bench near the 30-yard line. In many ways, the south side of Autzen has been a home-away-from-home for more than three decades. Yours truly and fellow fans have been high fiving each other … without ever thinking about infection … after every Oregon touchdown.

The 2020 home schedule is particularly attractive with the Ohio State Buckeyes making their first-ever trip to Oregon. Washington, Stanford and USC were all slated to visit the not-so-friendly confines of Autzen this fall. The key word now is … “were.”

Some have suggested playing the games in empty bowls with zero Oregon fans, including zero season ticket holders, students, bands … Translated: Ohio State would play Oregon in a quiet, deserted stadium. Autzen’s intensity, passion and its legendary cauldron of noise would be absent, allowing the Buckeyes to easily run their offense.

Conceivably, Oregon would play Ohio State a year later in the 104,000-seat “Horseshoe” with all the crazies from Akron, Canton and Toledo, let alone Columbus, yelling for their fighting chestnuts.

How is that fair? Life is not fair.

Given the uneasy choice between antiseptic made-for-television football with confiscatory ESPN advertising rates, played in sterile stadiums in 2020 or waiting for the return to intensity of Autzen in 2021, Almost DailyBrett would reluctantly choose the latter. The caveat would be, the 2020 schedule becomes the 2021 slate of games.

Considering the re-opening of America will be decided by the nation’s 50 state governors, will red state governors (e.g., Greg Abbott of Texas) opt for the early resumption of football? Will blue state governors (e.g., Andrew Cuomo of New York) essentially cancel football until 2021 or beyond?

Will there be football states and non-football states?

Hopefully, Autzen is located in a football state.

https://www.forbes.com/sites/alexreimer/2020/03/30/espns-kirk-herbstreit-is-telling-sports-fans-hard-truth-about-how-coronavirus-could-cancel-football-season/#3c365077319d

Donald Trump Says Major Sports Could Resume As “Made For Television” Events — Without Fans — Under New White House Plan

“They (NFL, NHL, NBA, MLB …) want to get back. They’ve got to get back. We want to get back soon, very soon. We have to re-open our country again.” — President Donald Trump after a Saturday conference call with the major sport commissioners

The “easy” part was declaring a State of Emergency, and shutting down America.

The decision was difficult, but once made it was relatively easy to implement

At some point — not now — comes the hard part: Re-opening the stadiums, arenas, music halls, stock exchanges, restaurants, stores, businesses, corporations …

What? When? Where? Who? Why? and most of all, How?

How are we going to re-open America?

Will we simply lift the State of Emergency, and pick up where we left off? Don’t think so.

Will we wait until everyone is tested for COVID-19 antibodies?

Will we hang on until everyone has been vaccinated? 2021? 2022? …

How will we demand proof of vaccine or antibody testing without violating federal health privacy guidelines (e.g., HIPAA), and personal liberties?

Will we continue to quarantine the high-risk population, Baby Boomers and older?

Will the ‘All-Clear’ signal be given to X-Gens, Millennials and younger?

How does that square with equal protection guidelines of the 14th Amendment?

What criteria will we use? Can we accept that unanimity is impossible; there will always be those who disagree (particularly those with political agendas in an election year)?

Will there ever be an absolute “coast is clear” signal? You can be absolutely sure that opinions will vary, count on it.

And there will be attorneys too, in particular for this Almost DailyBrett author: Plaintiff attorneys … tan, rested and ready to sue anyone and everyone with deep pockets (e.g., NFL franchises).

The Complex PR Puzzle Facing Re-Opening Decisions

No matter how many public officials are consulted. No matter how many health experts provide advice. No matter, no matter, no matter ... somebody has to be first to re-open the doors, the turn-styles, the restaurant tables for overpriced seared sea bass with risotto.

Let’s say we don’t re-open until 2021 (e.g., Tokyo Olympics, UEFA Euro 2021 … ), there still will be a line in the sand. People will no longer maintain six-foot buffer zones. Most likely they will no longer wear face masks, except for football players and hockey goalies.

Can college and NFL football players block and tackle each other? Otherwise, what is the point?

Can fans, patrons return to packed-in-as-sardine stadiums? What if they are scared (Will their tickets be refunded)? What if they actually go to the game, concert, restaurant, store, shop … and get sick? Will they sue? How many? And for how much will they litigate?

An NFL team has the legal muscle and deep pockets to defend itself, but what about a mid-range college athletic department?

Your author is not an attorney, but is there an assumed liability that comes with handing over your ticket with the QR code face up?

Almost DailyBrett contends strongly that public relations practitioners should urge not only communication, but over-communicating.

There will be an acute need for earned media (e.g., digital and conventional media interviews) employing team owners, university presidents, chief executive officers and of course, health experts.

Ditto for paid media (e.g., advertising) with strong messages about getting back to work, and going to the game … safely.

And most of all every organization will be required to launch owned media campaigns (e.g., websites, blog posts, social media, signage, PowerPoint presentations, brochures and takeaways).

The more people are informed about the calculated risks they may take in waiting for the first guitar riff or standing up for the kickoff … the better for them and for the resumption of our economy and our way of life.

Bill Gates was amazingly prescient about the threat of microbial pandemics in his now famous 2015 TED Talk, which served as the forerunner for the crisis of the ten-thousandth of a millimeter in diameter Corona Virus.

Considering the wonderful work of Bill and Melinda Gates, donating a record $50 billion to their namesake foundation for health and education and to combat third world poverty, maybe he could serve as a major thought leader in negotiating the hard part, getting us back to work, into the stadiums, and back on campus.

Didn’t someone piously state that billionaires should not exist?

Ahh … the subject of another Almost DailyBrett post.

https://www.espn.com/nfl/story/_/id/28995399/sources-trump-says-nfl-start

https://www.gatesfoundation.org/who-we-are/general-information/foundation-factsheet

New York, N.Y. – The New York Stock Exchange (NYSE) today announced the formation of a sister exchange/wholly owned subsidiary, the Toilet Paper Stock Exchange (TPSE).

The “Tipsie”  began trading today with its first full flush of excitement at 9:30 am (EDT), 6:30 am (PDT).

The commodity units utilized for Tipsie trading are known as Resources Of Limited Life (ROLLS). Digital Trading Platforms (TP) have been established by the TPSE to facilitate the buying and selling of increasingly valuable toilet paper.

“We have never in our lifetimes witnessed the unbelievable demand for the ultimate recession proof product: toilet paper,” said Stacey Cunningham, NYSE Group president. “One way or the other, we all will use this strategic commodity each day, sometimes multiple times a day.

“If we must use ROLLS, and some even resort to evil hoarding of this product (see Costco), why can’t investors trade these ROLLS, employing our TPs under the regulatory oversight of the newly created federal Toilet Paper Exchange Commission or TPEC?”

The “Tipsie” immediately reported brisk initial trading with each ROLL fetching an average price of $69.95, representing a total market capitalization (number of rolls issued x sales price) exceeding $1 trillion.

Only Microsoft ($1.20 trillion) and Apple ($1.11 trillion)at the close of trading on the final day of Q1 2020 rival toilet paper in attainment of 13-digit institutional (i.e., buy and sell side) and retail investor inflows (not to be confused with outflows).

Cunningham cautioned investors to fully expect the trading of ROLLS to remain volatile and fluid for the duration of the Corona Virus (COVID-19) global pandemic. The unprecedented and inexplicable demand of toilet is expected to continue for weeks, if not months.

“Just like any other market — from tulips to Internet start-ups to toilet paper — we must guard against commodification,” said Cunningham. “Most of all we need to cover our … derrieres … if the demand for toilet paper falls and the supply of ROLLS run out. Otherwise, we may feel a little … Tipsie.”

Safe Harbor Cautionary Statement — Institutional and retails investors are summarily cautioned that trading on the increasingly volatile and fluid  TPSE or “Tipsie” requires a certain degree of risk in which the value of ROLLS may actually fluctuate regardless of whether the TPSE or TPs (Trading Platforms) are utliized. The TPSE expressly follows the dictates of the Toilet Paper Exchange Commission (TPEC), the federal Department of Justice, the Federal Trade Commission, the Security Exchange Commission and other regulatory bodies.

About the Toilet Paper Stock Exchange (“Tipsie”)

The Toilet Paper Stock Exchange or “Tipsie” is a sister trading platform to the New York Stock Exchange (NYSE) and a wholly owned subsidiary. The express purpose of the Tipsie is to facilitate the orderly buying and selling of Resource of Limited Life or (ROLLS), using the exchanges digital trading platforms or (TPs).

Almost DailyBrett Editor’s Note: 

Serious consideration was given to taking a pass on this blog’s annual “April Fool’s” post for obvious reasons. However, the strange global obsession with all things toilet paper is a strange global obsession. Buy reasonable amounts of toilet paper, if you can. More importantly, stay healthy. Stay very safe.

— TPSE —

https://ir.theice.com/governance/executive-management-team/default.aspx

 

 

Muhammad Ali was the self-proclaimed, ‘Greatest of All Time.’

And then Joe Frazier walloped him with a massive left hook, sending Ali and his pretty red tassels sprawling on the canvas.

The lesson: Be careful about labeling someone, anyone — particularly anointing yourself — as the ‘Greatest.’

As an on-and-off naturalized Oregonian since 1975, Almost DailyBrett believes it’s now safe to make the call about the state’s greatest-ever citizen.

Hands down, it has to be Phil Knight.

Happy Birthday #82, Uncle Phil.

Some may want to immediately contend that Knight is being named Oregon’s greatest simply because he the 16th wealthiest in the world with an estimated fortune of $35.9 billion (Forbes). Bernie Sanders says billionaires should not exist. Oregon should be proud that Phil Knight more than exists; he thrives and cares.

To be considered by Almost DailyBrett for this lofty honor, one has to be born in Oregon. Salem lists among its most influential: President Herbert Hoover, Governor Tom McCall, trail blazers Meriwether Lewis and William Clark, but alas … none of them were born in Oregon.

Some worthy native Oregonian candidates for the ‘greatest’ designation include: Oregon track coach Bill Bowerman, Senator Mark Hatfield, author Ken Kesey, Senator Wayne Morse, runner Steve Prefontaine and democratic socialist John Reed.

Sorry being the only American to be buried in the Kremlin Wall (played by Warren Beatty in the interminable “Reds”) does not put Reed at the very top of the greatest Oregonians list.

Why is Phil Knight the greatest? Let’s Just Do It.

Never In Recorded History Have So Many Oregonians Owed So Much To One Man

If one Googles (21st century verb) the word, “entrepreneur,” the image of one Philip Hampson Knight should serve as the definition.

His best seller, “Shoe Dog,” tells the story of how he turned a $1,000 loan from his father and almost failing about nine times, he actually turned the proverbial corner with his athletic apparel company, Nike.

Today, Almost DailyBrett is a happy-camper-investor for many moons in the global athletic apparel market leader by far, Nike (NYSE: NKE).

The total amount invested in Nike stock is $156 billion (e.g., Feb. 21 market capitalization figure) with shares trading at 35 times multiple compared to the prior year’s earnings (P/E ratio).  Beaverton, Oregon-based Nike reported annual revenues of $39.1 billion in FY ’19. In total, 70,000  employees work for Nike globally, 8,000 of them in Oregon.

Without any doubt, Phil Knight’s Nike is the largest and most influential publicly traded company in the history of the State of Oregon. Think of Nike this way, great company, great products, great employer and great publicly traded company. How’s that for fiduciary responsibility?

Nike pioneered its much copied marketing campaigns celebrating The Athlete: Michael Jordan, Tiger Woods, Roger Federer, LeBron James,  Rafael Nadal, Kevin Durant, Rory McIlroy, Stephen Curry and many, many others.

Almost DailyBrett has not always agreed with Nike’s marketing decisions (e.g., Nike Takes A Knee), particularly designing and selling apparel associated with NFL persona non grata, Colin Kaepernick. Your author has never expected perfection with any individual or organization (impossible distinction to achieve, let alone maintain), and the same is true with Nike.

Giving Back To His Native State, Oregon

“And here at home in Oregon, we believe the potential to arm our talented young people with the skills and tools, they will need to have a lasting impact on the world and to pursue rewarding careers, make such (charitable) investments essential.” — Phil Knight upon making a $500 million pledge to the University of Oregon for a new science center

When discussing Uncle Phil’s financial impact you are reaching the end of the beginning of the Phil Knight story, not the beginning of the end. Knight’s legend particularly revolves on his giving back to his native Oregon and the world.

Preparations for the opening of the Knight Cancer Research Building, August 21, 2018. (OHSU/Kristyna Wentz-Graff)

Considering that Phil’s business strategies and his company focused on sports (e.g., track and field), it’s only natural to first emphasize his sports philanthropy, particularly for his alma mater, the University of Oregon (e.g., BA in Business Administration, 1959). He has given more than $300 million (and counting) to the school’s Athletic Department, including $100 million to the UO Athletics Legacy Fund.

Academically, he contributed the lion’s share to the $27 million renovation to the University of Oregon Knight Library. The name of his late father and 1932 Oregon Law grad, William W. Knight, adorns the 68,000-square foot UO law school.

He has also directed $500 million-plus to Oregon Health Sciences University’s (OHSU) Knight Cancer Institute, and $125 million more to establish the OHSU Cardiovascular Institute.

Knight’s generosity is not limited to Oregon universities, as he gave $105 million to the Stanford Graduate School of Business (e.g., MBA, 1962). Recently, he pledged another $400 million to Stanford to establish an on-campus new graduate scholarship program.

With all due respect to the memories and accomplishments of Governor McCall and Senators Hatfield and Morse, Bowerman, Pre, Kesey and Kremlin Wall fixture, John Reed … none of them rose to the level of entrepreneurial and philanthropic success and impact on Oregon’s past, present and future than Phil Knight.

Yes indeed without any conceivable doubt, Phil Knight is the greatest Oregonian of all time.

https://sos.oregon.gov/blue-book/Pages/explore/notable/knight.aspx

https://sos.oregon.gov/blue-book/Pages/explore-oregonians.aspx

https://www.oregonlive.com/life-and-culture/erry-2018/07/227b06fbff2915/the-100-greatest-oregonians-ev.html

https://www.forbes.com/forbes-400/#39cd30857e2f

https://www.businessinsider.com/athletes-endorsements-nba-golf-tennis-2019-6

https://www.oregonlive.com/business/2016/10/phil_and_penny_knight_will_giv.html#incart_river_index

https://almostdailybrett.wordpress.com/2012/09/25/taxing-uncle-phil-to-death/

https://almostdailybrett.wordpress.com/2018/09/04/nike-takes-a-knee/

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