Category: Investor Relations

“Invariably, when people read the headline about Martin Shkreli, they hate Martin Shkreli. When they get to know Martin Shkreli, they love Martin Shkreli.” – Martin Shkreli on Twitter

“He (Shkreli) needs to be mythical. He needs to be larger than life. He needs to be a rags-to-riches story. That image is his mansion. His Maserati.” – Assistant U.S. Attorney Jacquelyn Kasulis

Martin Shkreli will be celebrating his 35th birthday next Saturday … behind bars.

Earlier, he labeled his federal prosecutors as the “junior varsity.” The JV team won.

His final destination will not be “Club Fed” as Shkreli once boasted on Twitter.

The sentence is seven years in prison with credit for the six months already served, and a $7.4 million fine.

Last month, CNBC dedicated its season debut of “American Greed” to Martin Shkreli. It was a personal branding and reputation management horror show, plain and simple.

There are zero public relations pros — regardless of their years of experience and skill – who could have saved Martin Shkreli from … himself.

No one loves Martin Shkreli – maybe with the exception of Martin Shkreli.

Among his litany of sins – the always smirking, taunting, arrogant Martin Shkreli — violated the cardinal rule of public relations (as if he ever weighed his own PR):

The most important public relations of all … is personal PR.

Former hedge-fund Wunderkind/drug-price fixer Shkreli received a seven year sentence for three counts of securities fraud.


His attorneys fought against a full 15-year sentence recommended by the U.S. Attorney, arguing he reportedly should not receive the maximum simply because he is … Martin Shkreli.

Shkreli long ago lost in the courtrooms of public opinion, where he was convicted for being … as the Brits would say, an arse.

For some reason, he refused to even acknowledge the myriad of societal stop signs, which constrain mere mortals. Even on Capitol Hill when he was taking the 5th (Amendment), he was even taunting Members of Congress with his characteristic smirk, and later insulted them on social media.

And today there is a worldwide breakout of Schadenfreude. We are all happy, including Almost DailyBrett, that Martin Shkreli is so sad.

Bringing The Donald and Hillary Together

“That guy is nothing. He’s zero. He’s nothing. He ought to be ashamed of himself.” – Donald Trump

“He still hasn’t said how much the drug will cost going forward, and in the meantime, sick patients still have to wait and worry and continue to pay $750/pill. So Mr. Shkreli, what’s it going to be?” – Hillary Clinton

“If there was a company that was selling an Aston Martin at the price of a bicycle, and we buy that company and we ask to charge Toyota prices, I don’t think that that should be a crime.” – Martin Shkreli on raising the price of Daraprim by 5,000 percent

Martin Shkreli performed magic during the divisive 2016 presidential campaign; he managed to bring Donald Trump and Hillary Clinton into an one-time agreement.

He defrauded his MSMB Capital investors, and raised the price of AIDS drug, Daraprim, from $13.50 to $750 per pill.

With his indefensible actions Shkreli also indicted the entire American pharmaceutical industry, leaving the impression that every company was gauging patients with unjustifiable drug price increases. Some are guilty. Some are innocent.

Eventually, Shkreli called upon his social media followers to steal a lock of Hillary Clinton’s hair as a bounty. He subsequently lost his $5 million bail, and was remanded to jail in Brooklyn.

Shkreli’s attorneys were hoping for a 12-18 month sentence. Federal prosecutors were asking for 15 years or even more. The judge played the sentence right down the middle: seven years.

The reality of jail and the prospect of more than one decade in prison seemed to make an overdue impression on Shkreli.

“There is no conspiracy to take down Martin Shkreli. I took down Martin Shkreli, with my disgraceful and shameful actions … This is my fault. I am not a victim here.” – Martin Shkreli at his March 9 sentencing.

Did Shkreli finally listen to his lawyers?

Was his statement before the judge, and by extension the world, written by a public relations counselor?

Did he in the end, get religion?

Too little, too late Martin.



“When are we going to realize in this country that our wealth is work?” – Comedy Central Jon Stewart assertion to CNBC’s Jim Cramer

Heard one of the talking heads of the chattering class last week on CNBC extol the virtues of “passive investing” in the face of massive volatility and the long-awaited arrival of a Wall Street correction.

Isn’t “passive investing” an oxymoron or a contradiction in terms, if not just plain dumb?

The basic premise is the 54 percent of Americans investing in stocks and stock-based mutual funds should put all of their investments on auto pilot, automatically “investing” a fixed percentage of their pay checks into company 401Ks or brokerage managed IRAs (Individual Retirement Accounts).

On more than one occasion, Almost DailyBrett has been critiqued for surfing Charles Schwab, Fidelity, Zillow and Wells Fargo each on a daily basis.

Is your author an unreformed capitalist? Please allow me to plead, guilty.

What’s curious is no one seems to raise an eyebrow to those constantly burying their noses into their smart phones, spending an inordinate amount of time on Facebook or Snapchat or bingeing on video games or streaming video.

As Jon Stewart correctly surmised in his 2009 televised pants-zing of Jim Cramer, far too many times retail investors have been sold this notion that markets inevitably go up, so don’t mind volatility and fluctuations. Forget about it!

And if that is indeed the case, panicking only leads to losses. No argument.

The question that Almost DailyBrett is raising and arguing is very simple: Do we want to manage your wealth accumulation or be managed by others who may not have our best interest at heart?

The Day, The Music Died

“I went down to the sacred store; Where I’d heard the music years before; But the man there said the music wouldn’t play.” – Don McLean, American Pie

Your author contends that portfolio management is not the same as day trading. At the same time, the notion of long-term investing makes absolutely no sense. Back in the 1990s, one would have been advised to invest in IBM, Cisco, Intel and Microsoft and walk away.

With the exception of Microsoft, the music stopped playing for these “DinoTech” stocks.

Worse, the 1990s investor would have missed the massive upsides of newly minted 21st Century rock stars, the likes of Facebook, Amazon, Netflix and Google (FANG).

Since the days of the three Gees – Andy Grove, Bill Gates and Lou Gerstner (all retired or in one case, deceased), a new trove of corporate rock stars has ensued – Mark Zuckerberg (Facebook), Tim Cook (Apple), Jeff Bezos (Amazon) and Elon Musk (Tesla).

Don’t you know, these shooting stars will eventually flame out? And as Don McLean wrote and sang, their music will eventually die.

Who will be the rock stars of the next decade? Should we keep some money on the sidelines, ready to buy low and sell high. If we become “passive investors,” we will blindly throw our hard-earned, discretionary dollars at Wall Street regardless of bull market or bear market.

Shouldn’t we be selling near or at the height of the market and buying near or at the low of the market? Or should we just designate portions or our IRAs or 401Ks to this mutual fund manager or that mutual fund manager because they are the “experts”?

Where Do You Shop? What Products/Services Do You Buy?

“I don’t care about a stock’s past, only its future.” – Jim Cramer of CNBC’s “Mad Money”

Almost DailyBrett has his fair share of mutual funds – domestic/foreign; large cap/mid-cap/small cap – and cash under management. Your author also manages four individual stocks, carefully avoiding the perils associated with all eggs coming from one chicken.

Apple: Let’s see, in the morning your author reaches for his Apple Smart Phone, runs to classic rock sounds on his antiquated iPod, and turns on his Mac at work. You bet ya, Apple is part of the portfolio.

Boeing: Considering that Donald Trump is president and more federal dollars are headed for defense and the economy is strong, regardless of market gyrations, Boeing has been a solid buy. The company sold 700 commercial airliners this year and plans to deliver 800 next year. Has your author been transported by Boeing Aircraft? Is the Pope, Catholic?

Nike: Uncle Phil is the founder of athletic apparel market leader and the über-benefactor of University of Oregon Athletics. Nike shoes/gear are worn for morning runs to complement the Nike+ software program on the Apple iPod. Marc Benioff hails from my undergraduate alma mater, the University of Southern California (May The Horse Be With You). Mark is the founder, chairman and CEO of business software innovator, Let’s face it, many may claim a cloud legacy, but was first to SaaS or Software as a Service.

Apple, Boeing, Nike and Salesforce are the four present individual securities in the portfolio of Almost DailyBrett. Are they examined and managed on a daily basis? You bet ya. Will they be there forever? Forget it.

Should an investor, who rejects passivity, consider these individual stocks?

Only your investment advisor knows for sure.–2



“We have a deep sense of responsibility to give back to our country and the people who help make our success possible.” – Tim Cook, Apple chief executive officer

The largest taxpayer in the world is paying more … $38 billion more … in one lump sum.

Apple is repatriating $200 billion in the world’s largest amount of overseas corporate assets, $252 billion.

The company also announced $350 billion in direct investments in the U.S. economy, not just share buy-backs. Apple will create 20,000 jobs right here in America.

Almost DailyBrett is proud to be an Apple shareholder, for more than the 83 percent in share appreciation since 2015.

Tim Cook and his lieutenants are proving to the world that a great company can be more than the innovator and producer of wonderful products (i.e. iPhone X, iPads, Mac). Apple is more than 123,000 jobs with full benefits and a terrific return for its shareholders

Apple is also redefining the relationship between fiduciary responsibility and corporate social responsibility (CSR).

To a few misguided, well-meaning souls, major corporations are somehow the enemy of the masses. And yet how does one who holds these views explain Apple’s good deeds?

The $38 billion is happening right now. These are additional revenues for the government that would have remained trapped overseas without a reduction in the world’s largest 35 percent corporate rate to 21 percent.

Think of $38 billion in terms of 38 x 1,000 x $1 million. That amount can start to make a quite a dent in fixing our highways, airports, bridges and other major infrastructure needs.

FILE PHOTO: The Apple Campus 2 is seen under construction in Cupertino, California in this aerial photo taken January 13, 2017. REUTERS/Noah Berger/File Photo

So much for those who say that tax reform is not a dynamic scoring stimulus.

These are the same folks who conveniently forgot the nation’s largest peacetime expansion occurred during the Reagan Presidency years in which 19 million jobs were created.

Yes, there will be a $1.75 billion-over-20 years impact to the federal treasury using static scoring.

But how much additional economic stimulus will come from putting more revenues back into the economy and lifting time-consuming, expensive regulations? This is the serendipity of dynamic scoring.

Now that Apple has announced the one-time payment of record taxes, a flood of domestic investment and five-figure increases in hiring, will Microsoft, Cisco, Google and Oracle do the same?

According to Standard & Poors, Microsoft has $132.1 billion in overseas holdings; Cisco, $69.1 billion, Google, $60.5 billion and Oracle, $58.5 billion.

Messrs Satya Nadella (MSFT), Chuck Robbins (CSCO), Larry Page (GOOG) and Mark Hurd (ORCL), it is time for each of your companies to follow Tim Cook’s lead and to give back to America.

Great Time To Be A College Graduate

As a tenure-track assistant professor of public relations, integrated marketing communications, corporate communications and investor relations, the author of Almost DailyBrett could not be more excited for my graduating students.

Please do not dismiss my excitement as Greenspanesque “Irrational Exuberance.” There is little doubt that our 26,000-point Dow is in need of a healthy correction, maybe 10 percent or more.

Nonetheless, when was the last time that our GDP (gross domestic product) was growing at a 3 percent annualized rate?

Our unemployment rate stands at 4.1 percent, very close to full employment.

Wages and salaries are rising, reflecting a labor shortage for skilled employees.

Our inflation rate (e.g., Consumer Price Index) was 2.1 percent in December.

The Federal Reserve’s Fed Funds rate is 1.25 percent.

Hmm … bull market, expanding global economy, low unemployment, labor shortage, low inflation, miniscule interest rates … sounds like a Goldilocks Economy. What’s not to like?

To top it off, we now have tax reform and regulatory relief.

Certainly, all of these factors will not last forever. They can’t and they won’t.

Having said all of the above, this is a great time to start or revive a career. Your author could not be more stoked for his students.

And he has more than once cautioned his students against taking the first offer. Don’t be arrogant. At the same time, don’t be afraid to be confident and maybe a tad bold.

Tim Cook and Apple have the wind in their sails. And to prove it, they are paying record taxes, investing in America and hiring Americans.

We have at least 200 billion repatriated reasons to rejoice.




“My finger said what I was feeling, I’m angry and I’m frustrated.” – Former Marketing and Communications professional Juli Briskman

TOPSHOT – A woman on a bike gestures with her middle finger as a motorcade with US President Donald Trump departs Trump National Golf Course October 28, 2017 in Sterling, Virginia. / AFP PHOTO / Brendan Smialowski (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

As we all know: You cannot yell “Theatre!” in a crowded fire station.

There are indeed reasonable limits to our cherished First Amendment Right of Free Speech.

As an employee of any organization, one instinctively knows that not all speech is protected.

When are you on the clock working for the boss?

And when are you on your own time?

Is there a distinction (without a difference?)? Are they one-and-the-same?

Last month, Juli Briskman went out for a Saturday bike ride. During the course of her ride, she encountered a convoy of limousines and secret service protection. It was indeed the caravan of the 45th President of the United States.

Briskman utilized the opportunity from the bike lane to give the occupant the infamous one-finger salute.

As another sign of our digital 21st Century times, the photo of her gesture went viral. After becoming a 15-minute-plus celebrity, Briskman reportedly posted her middle-finger image on her Facebook and Twitter accounts.

As it turns out her employer, a federal contractor by the name of Akima LLC, found her gesture toward POTUS neither funny nor amusing. Briskman claimed she was just a simple bike rider on her own time flipping off the president.

Akima, located in an employment-at-will state (e.g., Virginia), quickly made the decision to fire Briskman for twice-at-least posting her single-digit salute to the nation’s chief executive on social media.

Considering the divisiveness of today’s politics, the coverage of her gesture/firing quickly became big-time news for affirmational journalists. GoFundMe reportedly even raised $30,000 to support Briskman, bringing into question whether subsequent coarsening-of-America actions will become charitable giving opportunities?

Still the basic interrogative needs to be answered: Are you really on your own time and as a result able to express yourself however/whenever you want, when you are employed on an at-will basis?

Pleasure Appointment

Five years ago, the author of Almost DailyBrett wrote about his “No Second Beer Rule,” reflecting on his tenure as a lead media spokesman/Press Secretary for California Governor George Deukmejian.

As a “Pleasure Appointee” of the 35th Governor of the State of California, yours truly never separated my official role in the Office of the Governor from my personal life. They were essentially one-and-the-same for eight years.

Many times media calls came in the middle of the night. Here’s where the no two-beer rule came into play: If I was quoted while under the influence and subsequently uttered a major gaffe, there is little doubt the governor would have relieved me from my duties.

Worse if I was pulled over for DUI, your author would NOT be just another irresponsible sap arrested for drunk driving. Instead, one can easily envision the headlines: “Governor Deukmejian Press Secy Arrested for DUI.”

There is absolutely no distinction in this case between private citizen/government employee in a sensitive job working for the governor of the largest state in the union.

Yours truly would have been immediately terminated with cause by the former attorney general and would understand completely why my foolish actions led to my dismissal. It was truly a privilege to serve the governor, and with that opportunity came a sacred responsibility.

There would not be any $30,000 support payment for me.


I’m an IAC employee and I don’t want @JustineSacco doing any communications on our behalf ever again. Ever.” – Unnamed IAC employee responding Justine Sacco’s tweet

Justine Sacco had it made.

At 30-years-young, she was the senior director of Corporate Communications for InterActiveCorp (NASDAQ: IAC), a $3 billion+ internet and media services company with more than 100 recognizable brands (i.e., The Daily Beast,, Vimeo, Angie’s List …).

During the 2013 holidays, Sacco was flying from JFK with a stop at Heathrow and then continuing on to Cape Town, South Africa. She was firing off acerbic tweets about English teeth and German body odor during her trip. And then she hit the send button on an immediately viral, less-than-140 characters tweet, which changed her life forever.

Sacco was terminated before her plane landed in Cape Town. She slept during the course of her 11-hour flight from London to Cape Town with her phone in “airplane” mode.  She did not understand the consequences of her tweet until she turned on her phone.

As a college professor teaching public relations, advertising, corporate communications and investor relations, my students are simply stunned when Sacco’s PowerPoint slide of her tweet is first presented.

Was she simply not thinking? Was she trying to be cute or clever? Is she, racist?

The answer to the first is certainly, yes. The response to the second is, most likely. The fact the third question is even asked in a serious vain is damning in-and-of itself.

She may have been on a holiday trip to South Africa and may have seen herself as simply exercising her guaranteed First Amendment Rights as a citizen. Nonetheless, she was the senior director of Corporate Public Relations for a major publicly traded company and she fired off an acerbic and insensitive tweet that comes across as racist and not caring about the spread of AIDS in Africa.

InterActiveCorp was well within its rights in terminating Justine. In fact, the company really had no choice.

Maybe if she had just flipped off the President of the United States, she may still be working for IAC today … or maybe not.

Alas, life is just not fair.





I’m in favor of progress; it’s change I don’t like.” – Mark Twain

“ … Personnel. That’s for assholes.” – Clint Eastwood as “Dirty Harry”.

Your company was just acquired.

Your firm “merged” with another company.

Your new boss is an outsider, who knows next to nothing about you.

Consider each-and-every one of these changes to be a flashing-red-light warning or a shot across-the-bow of your career. .

There are always winners and losers when it comes to mergers and acquisitions. Ditto for new bosses, particularly those from outside the organization.

In all of these cases, It’s not only time, but most likely it is past time, to update your resume and enhance your LinkedIn profile.


Think of it this way: Whenever a new male lion enters the picture, the first thing he does is … eat the cubs of the previous King of Beasts. Translating to the work place, this parable means the “old” employees from the acquired, merged or new management companies are immediately vulnerable.

Can’t tell you how many times Almost DailyBrett heard laments from employees, who have been with an organization for 10 years, 15 years, 20 years, (gasp) 25 years. They expect their loyalty and experience to be recognized and rewarded.

Alas more times than naught, their self-perceived loyalty is regarded as stagnation or “dead wood” by new management. Worst of all, these folks are shocked when they are sooner-than-later laid off or simply terminated/let go.

“I wish I could trust you … “

During the course of my three-decade-plus career, the author of Almost DailyBrett quickly came to appreciate that virtually all of these changes serve as a warning, despite the tender contrary for the timing being words uttered by highly trained and incredibly skilled Human Resource professionals.

Keep in mind HR works for the organization not for the worker, especially the long-time employee. When it comes time to terminate/lay-off/let go of employees, the clinical execution will be swiftly carried out by HR.

Maybe Clint Eastwood was right about “Personnel” (What HR was referred to back in the 1970s). Let’s face it HR is not highly respected in any organization, a necessary evil … and in many cases, an evil indeed.

Once your author went eyeball-to-eyeball with a vice president of HR and said, “I wish I could trust you.” There is another less tender way of expressing the same sentiment. The message is still the same.

HR is not your friend. HR never was your friend. HR never will be your friend.

Self-Defense Strategies

Trust in Allah, but tie your camel.” – Arab Proverb

What strategies should you adopt to preclude being one of the cubs voraciously consumed by a new boss lion, mainly because you have been at the old firm for way too long?

  • Most new managers, particularly emanating from the outside, have their own views of how tasks must be done and they have their own ideas about who should be their lieutenants. Don’t even expect to be given the chance to compete for your own job, let alone a higher job in the hierarchy.
  • Don’t confuse loyalty and stagnation. What is one employee’s loyalty is a new manager’s stagnation. If you can count your years with an organization with two hands or more, it’s time or past time to move along on your own terms.
  • Never remind new superior(s) about how long you have been at an organization and the value of your experience. Instead demonstrate what you can do to assist their new future direction. The tried-and-true: “We tried that once and it didn’t work” will result in you being consumed by the new lion.
  • The world has changed. The notion of starting in the mail room, working for decades to become CEO and retiring with a gold watch is dead and buried. You will not be rewarded for your “tenure.”
  • Suing for age discrimination is a sure-fire loser. Who will want to hire you, if you “win” your suit? Most likely, you will be laid-off, requiring you to sign away the company’s liability in exchange for a golden kiss-off check.
  • In Silicon Valley, three years at a given organization signals in many cases a lack of ambition and stagnation. You should always be looking to the horizon. When the recruiter calls stop, consider that as a negative barometer.
  • Keeping “your powder dry” or “tie your camel” in the modern era translates into ensuring your resume, digital portfolio and LinkedIn profile are always up-to-date. It means scanning the horizon for other employment opportunities and applying for them from time-to-time if the fit is right.
  • Be ready to pull-up-stakes, if necessary. The green grass maybe even greener in another venue. Renting maybe a better option than a mortgage. If your mortgage goes underwater that can turn a job loss into an absolute nightmare.
  • In the week between your holiday of choice and New Year’s Day, you should always conduct a personal audit of your career. Recognize the subtle warning signs including not being included to important meetings and not being sought out for input from management. If it is time to move on, then do so on your own terms.

“The president of the United States tweeting negative things about your brand (e.g., ESPN) in an environment where you’re already at risk and you’re already on a downward trend, it’s just not what you want to see happening.” – Stephen Beck, cable TV consultant

“ESPN is about sports … not a political organization.” – ESPN President John Skipper

ESPN proclaims itself as “The Worldwide Leader in Sports.”

If that is true then why are so many labeling the troubled network: MSESPN?

Why is an ESPN anchor (e.g., Jamele Hill) taking to Twitter to call the president of the United States as a “White Supremacist” and a “Bigot”? Sounds like politics, not sports.

With the likes of Stephen Colbert, Rachel Maddow and Bill Maher filling up TV screens at other networks, does the avid sports fan tune into ESPN for affirmational political commentary?

Do you think more than a few of ESPN’s remaining viewers may not necessarily agree? More to the point, don’t they just want to watch their game of choice, and check out the highlights on “Sports Center”?

Predictably, Trump replied via his own customary tweet, reminding the world that ESPN is losing subscribers in a fast-and-furious way (e.g., 100 million in 2011 to 87 million now).

Time to sell the stock, Disney shares in particular?

Almost DailyBrett needs to ask a basic question: Why is the so-called “Worldwide Leader in Sports” becoming embroiled in politics when the nation is the most divided since the days of the Civil War?

Does the Bristol, Ct., network appreciate that contrary opinions may actually exist west of the Hudson? See 2016 Electoral College map for details.

Some have questioned why the network presented the Arthur Ashe Award to Caitlyn Jenner, provided sympathetic coverage of Colin Kaepernick not standing for the national anthem, moved Asian announcer Robert Lee out of the broadcast booth, fired conservative two-time World Series winner Curt Schilling, while not terminating Jamele Hill for her presidential broadsides?.

This commentary is not to suggest that ESPN should not cover provocative sports issues (e.g., O.J. Simpson parole hearing), but one cannot fathom the arbitrary direct shots by a sports network anchor at the commander-in-chief.

Analysts have stated that ESPN’s well-documented troubles are a product of market factors including widespread chord-cutting and the growing acceptance of streaming video. Okay. Then why potentially exacerbate the loss of 13 million viewers by angering millions of viewers, who may just happen to be conservative?

There is a reason why Fox News is the consistent ratings leader in cable news, easily beating MSNBC and CNN in the Nielsen Ratings. Why tick off huge swaths of the public?

“Ballmer and Butthead”

Almost DailyBrett earlier questioned Sun Microsystems founder and chief Scott McNealy’s obsession with Microsoft, who he saw as technology’s evil empire.

Thinking he was so friggin’ clever, McNealy drew laughter when he labeled Microsoft’s Steve Ballmer and Bill Gates as “Ballmer and Butthead.”

He also raised eyebrows for making these brash comments while his failing company harbored a $3 per share price. Alas after 28 years, Sun Microsystems went into oblivion having been absorbed by Oracle in 2010.

The connection with ESPN is that a company needs to appreciate its raison d’ etre. What are a corporation’s bread and butter? What is a firm’s brand? What are the meanings of the logo, signage, colors, fonts and style?

Southwest Airlines is “The Low-Fare Airline”; Nike is “Just Do It”; Apple is mainly the iPhone as reaffirmed last week. Sun Microsystems was Java script and servers, but the brand sadly degenerated into becoming synonymous with McNealy’s sophomoric punch lines.

ESPN is the “Worldwide Leader in Sports.” Does it want to be the worldwide leader in left-of-center sports commentary? If so, the network will become a niche player instead of the market-share leader in sports programming.

The adults at Fox Sports will then take over that leadership position, leaving MSESPN to cater to its chosen core of left-of-center “sports” fans.




Are the Germans finally – after all these years — happy?

If they are for the most part smiling about life, doesn’t that mean good news for the incumbent-chancellor-running-for-re-election, Angela Merkel?

Doesn’t good government translate into good politics?

And yet there’s so much for her to fear.

The Governor George Deukmejian Laws of Politics are two-fold: Always run as if you are running behind; and never take anything for granted.

Consider that two years ago, a national F-U movement led to Brexit, and the U.K.’s upcoming departure from the strictures of the EU.

Last year America’s fly-over states pointed their collective middle fingers into the sky, and elected Donald Trump as president.

How are Brexit and Donald Trump working out?

During the past three weeks, the author of Almost DailyBrett has been informally sounding out das Volk on trains, in Bier Gartens, in hotel lobbies (all very unscientific and anecdotal) about their views about the state of their country.

When asked if they are truly happy, they seem a little startled by the sophomoric question from a simple blog author. After devoting more than a few brain cells, they come back to the conclusion that Germany is successful (e.g., low unemployment rate of 3.9 percent).

If James Carville was correct in 1992 that “It’s the economy stupid,” then the prospects are good for Frau Merkel on September 24. As The Economist reported last month, Germany has the largest trade balance in the world at $300 billion.

The nation’s budget is not only balanced, it reflects a surplus. Inflation is low at a microscopic 0.4 percent. Personal savings are high. German engineering is legendary. Alles ist in Ordnung.

Has Germany’s Standard of Living Passed America’s?

When the author of Almost DailyBrett visited divided Germany for the first time 30 years ago, the question of German happiness would seem silly. In fact, one would not even imagine, posing that interrogative.

Sitting on the terrace of the Burg Hotel Auf Schönburg in Oberwesel on the Rhine River, one can easily imagine the DAX equivalent of the Dow Transports are easily going upwards to the right. Passenger and freight ships glide northwards on the Rhine or swim similar to salmon against the currents.

Trains emerge and disappear into tunnels. Passenger cars move along the two shores or just miles away race along the no-speed limit autobahns.

German cities including Berlin, Nürnberg and München are bustling with shoppers in the stores. Spaces in the sidewalk cafes are hard to find. The large beer gardens (e.g., München’s Viktualien Markt) are jammed from happy hour into the night.

The smaller tourist towns (i.e., Heidelberg, Rothenburg ob der Tauber, Bacharach) are luring visitors seeking out castles, half-timbered houses, gardens and the white wine fruit of the vineyards.

Virtually everywhere are solar panels, modern windmills and soon electric cars from BMW and Tesla. Recycling is the rage, and clear demarcations lead to largely harmonious co-existence between walkers and bike riders.

Many have ruminated about Germany’s angst about Vergangenheitsbewältigung or dealing with the past, namely the Hitler era between 1933-1945. The Germans have addressed these horrific years by acknowledging responsibility, building monuments to the past (e.g., Holocaust Memorial in Berlin) or “Documentation Centers,” such as the one near the former Nazi parade grounds in Nürnberg or a Bunker Museum in Berlin.

Nothing has been forgotten. Everything has been acknowledged. History is all there in broad daylight. The Reichstag dome is transparent to signal a change in the national approach to governance.

Is It Truly Morning in Germany?

Ronald Reagan ran for re-election in 1984 under the banner, “Morning in America.”

The message was patriotism, good times, and a promising tomorrow. Reagan won 49 of 50 states that November.

Merkel is courageously embracing the German flag – the black, red and gold tricolor – as she presents her three-term administration for another four years next month. Germans proudly wave their democratic flag in Deutsche Fussballbund games. The message is love of land, not nationalism. Those unfortunate days for the latter are gone, and for good reason.

Will Angela Merkel win in September embracing the flag, and essentially saying it is indeed “Morning in Germany”? Her latest campaign ad reflects that strategy.

Almost DailyBrett was wrong about Brexit and the same about Trump. These undeniable points need to be acknowledged. And yet, there are no strident middle fingers to be seen in today’s Germany.

The collective mood points to the prospect of a smiling Angela Merkel on September 24. If so, Germany will continue to be in Mutti’s sure hands.



Doesn’t the Declaration of Independence provide for life, liberty and the happiness of pumping our own gas?

There is certain joy that comes from feeling the surging petroleum rocket from the pump directly into my little green chariot. This Freude is kosher in the State of Washington and in California.

But what about that state in between?

Since 1951, it has been Verboten for a mere mortal motorist to pump his or her own gas in the State of Oregon. This antiquated 20th Century law requires petroleum transfer engineers (e.g., popular major at Oregon State University), and only PTEs to exchange fluids in the Beaver State.

What’s that Elon Musk?

Are you saying that EVs could spell doom to the PTEs?

The first affordable Tesla Model 3s are coming off the production lines in Fremont, California (the old NUMMI plant). The initial plans call for 110,000 this year and 500,000 next year.

From $35,000 upwards to $60,000 with all the fixins’, the intrepid all-electric motorist can roar from zero-to- 60 mph in 5.6 seconds with just a tap on the dashboard tablet without omitting one fossil fuel particle into the atmosphere.

Elon Musk, CEO of US automotive and energy storage company Tesla, presents his outlook on climate change at the Paris-Sorbonne University in Paris on December 2, 2015. / AFP / ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP/Getty Images)

How’s that sound green Oregonians?

Even a Prius requires a PTE now-and-then. And despite all the hype and owner strutting, the Toyota hybrid still contributes to Climate Change. The proud owner may still be gluten free, but his or her precious Prius is nonetheless putting CO² into the air.

In contrast, the Tesla Model 3 can travel 220-to-310 miles on one charge of electricity. What does that mean to Oregon’s PTEs (same for New Jersey’s legally mandated PTEs)? Are each of you heading for the same crash landing as those who made buggy whips?

Electronic vehicles make PTEs as uncomfortable as a former sales dude or sales dudette at Borders as the imposing Amazon digital shadow hovered over the bricks-and-mortar store. Did you have that out-of-print book, Borders? Do you sell that obscure concerto, Barnes & Noble? Amazon does (Google “Long Tail” Theory”) as there are no physical restraints on its inventory.

Maybe the Oregon PTEs will unionize (if that haven’t already) and march into Salem (not the one where they burned witches) and ask for a new law requiring ETEs (Electricity Transfer Engineers) to recharge EVs in Oregon.

Wait a minute? Oregon could actually mandate that ETEs recharge your Climate Change friendly EV? Don’t bet against it.

Think of it this way, if the state Legislature in its infinite wisdom for 66 years and counting required PTEs to pump gas into each car and expressly forbids the motorist from doing the same, then what’s to prevent them from requiring highly trained electricity transfer engineers (ETEs) to recharge your EV Tesla, Volvo, BMW, Chevy etc.?

What’s next? Will the state mandate an ETE to plug in your toaster or change a light bulb?

Incentives Today; Taxes Tomorrow

Immediately south of Oregon, the Golden State’s one-party Legislature is weighing adopting the California Electric Vehicle Initiative, which would designate $3 billion for larger rebates for those who purchase Tesla and other electric cars.

In April, the same Legislature passed legislation raising California’s gas tax by 12 cents to 30 cents per gallon.

Let’s see the state is considering incentivizing EVs to the tune of $3 billion. And nearly at the same time raising gas taxes to raise $5.2 billion.

What happens if the EV revolution is real and a precipitous decline in fossil-burning vehicles ensues? Does that mean gas revenues will simultaneously decline? Oh dear.

And does that lead to actually taxing EV recharges even though these environmentally friendly cars have been incentivized by the state?

What’s more important in Sacramento and other state capitals? The environment? Tax revenues?

Seems like a silly question to even ask.





“Do I consider myself part of the casino capitalist process by which so few have so much and so many have so little by which Wall Street’s greed and recklessness wrecked this economy? No I don’t.” – Senator Bernie Sanders

Ever wonder why there are so few in the street carrying pitch forks?

Ditto for nocturnal torch-light parades?

Maybe the answer lies in the fact that Wall Street added $3.3 trillion in market capitalization (share prices x number of shares) since November 8. Translated: Investors are more than $3 trillion to the better since the election.

Whatever metric is used, the stock indices are sharply upward to the right: The NASDAQ increased 28 percent since the election, the S&P 500 is up 27 percent, and the Dow advanced 20 percent.According to Gallup, 55 percent of Americans owned individual stocks, stock mutual funds or managed 401(k) portfolios or IRAs in 2016. That figure is understandably down from 65 percent right before the economic crash in 2007, but it has been steadily advancing since then.

Almost DailyBrett will go out on the limb, and will contend the 55 percent number has grown since the historic 2016  election.

Predictably, the Gallup survey revealed that 88 percent of American families making over $75,000 are invested in individual securities, mutual funds and 401(k)s and IRAs. More than half of those (56 percent) making between $30,000 and $75,000 are invested in stocks.

The survey also revealed that 73 percent with bachelor’s degrees own stocks, mutual funds or invest retirement accounts, and 83 percent with master’s degrees or above also are investing in these same U.S. markets.

When one takes a second to ponder that 55 percent of middle-and-upper income Americans are participating in stocks, mutual funds, 401(k) portfolios and IRAs, the conclusion is obvious: America now has an investor class that is growing in numbers and wealth.

What’s the alternative for those investing for their retirement, their children’s education or that dream vacation? Bank interest rates that barely keep up with inflation? Speculative real estate? Stashing gobs of cash under the bedroom mattress?

And yet there was an ill-fated movement to tarnish America’s markets, Occupy Wall Street.

And now there are efforts in a handful of progressive states to impose a 20 percent “privilege tax” on the fees of financial advisors. Hmmm … wonder if this tax will be passed onto investors, the very same people who are trying to fund their retirement or college for their kids?

Attacking The Cash Cow?

“ … You could put half of Trump’s supporters into what I call the ‘Basket of Deplorables’. Right? The racist, sexist, homophobic, xenophobic, Islamaphobic — you name it.” – Hillary Clinton.

“ … There are 47 percent who are with him (Obama), who are dependent upon government, who believe that they are victims, who believe that government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you name it … And so my job is not to worry about those people.” – Mitt Romney.

What do Mitt Romney and Hillary Clinton have in common besides being guilty of lambasting literally millions of people in one unwise campaign utterance?

They both lost the presidency.

Winston Churchill once said: “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

Wall Street will never be perfect. The playing field has never been flat. Having said that, far more win with stocks, mutual funds, 401(k) plans and IRAs than lose. It has been upward to the right on a jagged line since 1929.

Maybe that is the reason why America has a more-than-half of its working age population investing in global markets. And for those investing, the six-plus months since the election has produced a record modern-era, bull market for any new president.

Granted, there will be those in the streets who bode ill for American markets, favor “privilege taxes” to stimulate more compulsory redistribution, and are maybe just a tad nostalgic for the mismanaged Occupy Wall Street debacle.

Do they really want to attack Wall Street and by extension America’s 55 percent and growing, investor class heading into the mid-terms of 2018 and beyond? Are these overheated rhetorical thrusts, smart politics?

If they relish in glorious defeat, they can insult America’s investor class to the content of their bleeding hearts.

They also should consider and ponder that America now has a new quiet majority, who fund their dreams with a simple click of the mouse while watching the tickers on CNBC.







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