Tag Archive: Microsoft


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

 

 

From a public relations and mass communications standpoint, we need to leave the past — most of all recriminations — to the mass media. Let them focus on the fact that we again slept at dawn.

Hint: They were sleeping as well.

We need to envision and more importantly, credibly and practically project better times in the future. We need to balance our justified health concerns with our economic hopes.

Will we have a national resurrection by Easter Sunday, April 12? Maybe? Most likely, not?

If not, the media will happily tell us how our loving optimist-in-chief somehow failed in the face of continued darkness.

And yet his approval rating continues to rise, and his score for handling the corona virus reaches 60 percent thumbs up against 38 percent thumbs down.

As Teddy Roosevelt (pardon the paraphrase from heaven, POTUS #26) told us in his famous 1910 speech to the students at Paris’ Sorbonne, it’s not Gloomy Gus or Negative Nancy who counts, or how the strong man or woman stumbles or how she or he could have done better.

The credit belongs to those who are in the arena.

We need more of those, who dare to suggest with credibility that yes life will get better. We are not eternally condemned to the boredom of our living rooms.

Some day we will standing in line for the barista, waiting for our beer or wine, actually ordering our food to a table in a restaurant … our hearts thumping with thousands of others, anticipating the first guitar riff or standing up for the kickoff.

U.S. President Donald Trump speaks during a Fox News “virtual town hall” event on the coronavirus (COVID-19) outbreak with members of the coronavirus task force in the Rose Garden of the White House in Washington, U.S., March 24, 2020. REUTERS/Jonathan Ernst

It takes courage to stand up in front of this wall of negativity and suggest that life may be better sooner … much sooner … as opposed to later.

It takes moxy to purchase shares of best-in-breed stocks (i.e., Apple, Microsoft, Nike, NVIDIA, McDonalds, Starbucks …) as the markets refuse for weeks to stretch two or more positive trading days in a row. Volatility will eventually be tamed, most likely not now.

It takes compassion to swipe our credit card at our local coffee place, order books online from our regional bookseller, call for take out at our favorite Italian place. With our economic freedom maintained, we can choose who and how much to support.

They have been there for us. Isn’t time for us to be there for them?

It’s so easy to hunker down and to shut down for the “common good.” It’s harder to dream again, and to express hope.

We Need Good News

“Hope is believing good will come, even in bad times. 

“Hope is knowing that this too shall pass.

“Hope is knowing no matter how afraid we are, our higher power will be with us.

“Hope is knowing that we never have to be alone again. It’s knowing that “Time Is On Our Side.’

“Hope is giving up control. Hope is knowing we didn’t have control in the first place.” — Rolling Stones lead guitarist Ronnie Wood.

Almost DailyBrett believes there are more than a few, who have major problems with the United States and its world’s largest gross domestic product (GDP) at $21.99 trillion (prior to the impact of the Corona virus, COVID-19).

To them the USA needs to redistribute the pie, not expand it to offer more pieces for everyone.

The word “balance” seemingly does not exist in ivory towers on campuses, the deep state or in some media empires.

Until recently, climate change dominated. “How dare” anyone suggest thoughtful consideration of those who work and thrive in our world-best economy?

And now the little corona virus bugger has replaced the planet — at least for now — as the single most priority. Forget about producing products we use or compensating our employees. Allocating $25 million for the Kennedy Center for the Performing Arts in DC is just so vital to beating this global epidemic.

As we debate looking for the positive versus being Gloomy Gus or Debbie Downer, we know two things for certain:

Teddy Roosevelt is forever enshrined on Mt. Rushmore.

No one will ever build statues to critics, including Negative Nancy.

https://www.nationalreview.com/news/id-love-to-have-it-open-by-easter-trump-hopeful-economy-will-be-revived-in-coming-weeks/?utm_source=email&utm_medium=breaking&utm_campaign=newstrack&utm_term=19820067

http://www.theodore-roosevelt.com/trsorbonnespeech.html

https://news.gallup.com/poll/298313/president-trump-job-approval-rating.aspx

 

“Billionaires should not exist.” — Millionaire U.S. Senator Bernie Sanders (D-Vermont)

“Every billionaire is a policy failure.” — Rep. Alexandria Ocasio-Cortez (D-New York)

“Personal wealth is at best an unreliable signal of bad behavior or failing policies. Often the reverse is true.” — The Economist

Super talented and accomplished media superstar Oprah Winfrey is worth $3 billion.

Basketball Hall of Famer Michael Jordan’s net worth is $1.9 billion.

Hip-hop star/investor Jay-Z just made into the three-comma club at $1,000,000,000.

Did government fail when Oprah, Michael and Jay-Z all succeeded and thrived, each because of their hard work, fortitude, perseverance and incredible talent?

Did anyone of them trade on their … privilege?

Almost DailyBrett doesn’t remember Oprah engaging in insider-trading.

Do you, Secretary Reich?

Ditto for Michael Jordan profiting from a monopoly unless Mr. Reich is pointing to Michael’s near-monopoly of talent against the competition he faced night-after-night in the NBA?

Is Jay-Z guilty of fraud, a political payoff or did he inherit his wealth?

Wonder if any of these “basically 5 ways” to accumulate a billion dollars in America apply to Nike founder/Philanthropist Phil Knight?

Have you read “Shoe Dog,” Professor Reich? Nike almost went under about nine times.

The former Labor Secretary’s “5 ways” Twitter screed is intellectually dishonest, and remarkably easy to discredit.

Alas, it is beneath the respect normally afforded to Robert Reich. Next time go high Mr. Reich instead of racing to the bottom. Talented and hard working people can earn their wealth on their own without resorting to nefarious deeds.

From a policy standpoint, we need to ask:

Should we punish Oprah, Michael, Jay-Z, Uncle Phil and so many others who worked their tushes off to legitimately make their fortunes with a punitive Elizabeth Warren 6 percent wealth tax (up from the original 3 percent proposal), and income tax rates reaching 90 percent or beyond?

Whattyathink Senators Sanders and Warren?

Class warfare — born out of jealousy — is not new.

The effective tax rate for achievers in the United Kingdom in the 1970s once reached 98 percent. If you don’t believe Almost DailyBrett, ask The Beatles … ask The Rolling Stones, who fled to France and recorded “Exile On Main Street.”

Can a near 100 percent confiscatory tax rate, which was thankfully eliminated in the UK by former Prime Minister Margaret Thatcher, happen in the United States of America? Let’s hope not.

Celebrate Instead of Hate?

Almost DailyBrett remembers boys and girls practicing basketball, so they could be “Just Like Mike.”

Your author can imagine girls admiring and wanting to be the next Oprah.

You should check Ellen’s interview with Bill Gates. They discussed the works and deeds of the Bill and Melinda Gates Foundation, donating a cumulative $50.1 billion to fight global childhood poverty and to improve public schools in our country.

According to Forbes, Gates is worth approximately $96.5 billion — give or take a shekel or two — making him the second wealthiest homo sapien on the planet. Virtually everyone in the first world is using Microsoft’s Windows Operating System, inspired and written by Gates. And his charitable foundation has contributed more than any other non-profit ever to make our world a better place (more than most governments).

His former company Microsoft is valued at $1.14 trillion, generates $96.5 billion in annual revenues, and employs 144,000 in well paying positions with full benefits and stock options. Taken together, the performance of Microsoft as a company and the generosity of the Gates Foundation, puts Bill’s wealth into perspective.

Can we have more “policy failures” just like Bill Gates, Phil Knight, Oprah Winfrey, Michael Jordan, Jay-Z and so many more?

Instead of hating people who are wealthy, let’s celebrate and cheer for the achievers (e.g., Michael Jordan).

If we are concerned about billionaires, our policies should focus on stimulating competition (i.e., über-tough content streaming, video game, smart phone markets…), not limitless redistribution or punitive taxation.

If our political intent is to further divide, demonizing billionaires (as others have been publicly denigrated for ages) is a good way to engender one of the seven Deadly Sins: Envy.

If our goal is growth and prosperity, then let’s encourage Millennials and the generations, who will follow, to shoot for the stars. Let them become tomorrow’s Oprah, Michael, Jay-Z, Bill Gates and Uncle Phil.

And if they succeed financially, let’s celebrate them and at the same time root for competitors to keep them on their toes.

https://www.economist.com/leaders/2019/11/09/billionaires-are-only-rarely-policy-failures

https://www.economist.com/finance-and-economics/2019/11/07/have-billionaires-accumulated-their-wealth-illegitimately

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

https://almostdailybrett.wordpress.com/2019/02/06/the-lonely-guy-standing-in-line-for-a-burger/

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

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

https://almostdailybrett.wordpress.com/2011/10/04/taxing-the-fab-four-exiling-the-stones/

“I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.” – Bill Gates speaking to university students

There are 25.7 million Google results of an image of a middle-aged dude standing all alone with his hands in his pockets.

He is patiently waiting in line for his cheeseburger, fries and a coke.

The maroon pullover guy is patronizing the original Dick’s (1954), which unofficially serves as a gateway to the upper class Wallingford neighborhood in Seattle.

Is the pale dude (gasp) … privileged?

What gave him the right to buy a “Deluxe,” fries and a coke in Wallingford?

Did his parents dote on him? Where did he go to school? Where did he go to college?

Did he ever invent anything of value to society? Did ever provide a living to people?

Did he ever give back to make our world a better place?

And if the answers to these questions do not meet communal approval – Privilege? Family? College? Inventions? Philanthropy? – should we as a collective society even the score in the name of social justice?

It may seem silly to some to have this public good discussion, and yet 25.7 million Google results are triggered in 0.28 of one second, when one inquires about the guy in the sweater standing all alone in line at Dick’s.

Our Obsession With Wealth?

How many billionaires — members of the three comma club — would stand-in line all alone for a burger and fries?

And yet there was Microsoft founder Bill Gates, 63, waiting in line at Dick’s on Sunday evening, January 13.

In our always-on digital imaging world, it did not take long for the celebrity dude doing normal things to go viral, generating stories and impressions about Gates and his love of hamburgers.

The latest estimates place his net worth at $96.5 billion. Couldn’t Gates simply buy Dick’s as opposed to standing in line for a burger? Where was his entourage? Couldn’t he feed the homeless with Dick’s burgers?

And how did he make that money? Did he take full advantage of his privilege? Did he inherit the money?

As many Almost DailyBrett readers know, Gates and the recently departed Paul Allen founded Microsoft in 1975. Their entrepreneurial spirit and those that followed (i.e., Steve Ballmer and Satya Nadella)  resulted in the ubiquitous Windows operating system, X-Box gaming console, Microsoft Surface PC, Microsoft Cloud and so much more.

Microsoft is one of the three largest competing companies in market capitalization (share price x number of shares) at $814.5 billion, generating $96.5 billion in total revenues and employing 134,944 around the world.

After departing the daily operations of Microsoft, the guy in the maroon sweater with his spouse established The Bill and Melinda Gates Foundation. The charitable organization bearing their names has given a reported $36 billion to date to alleviate third world poverty and suffering. They are without any doubt the most generous philanthropists in America.

And yet …

No Good Deed Goes Unpunished

“The problem with socialism is that you eventually run out of other people’s money.” – Former UK Prime Minister Margaret Thatcher

In her quest to become the 46th President of the United States, Massachusetts Senator Elizabeth Warren has proposed a 2 percent surcharge on net assets – not annual income – exceeding $50 million, and another 1 percent on billionaires.  Is Warren’s  “wealth tax” really confiscation in disguise?

There are questions about whether a confiscatory surcharge of assets – not an income tax – is permissible under the U.S. Constitution. This legal question is above the pay grade of Almost DailyBrett.

Having said that, your author must ask: Why do so many Washington elites want to punish achievement, service and philanthropy?

Some rationalize this obsession with wealth as a quest to reach some far-reaching social justice nirvana when the solution is the same-old tired remedy: wealth redistribution targeting those who provide great products, create jobs and give back to the less fortunate.

The answer always comes down to new and more burdensome taxes, but in Senator Warren’s case she calls for outright confiscation of assets. One thing is certain is the redistribution does not stop there. There will also be increases in tax rates, most of all the top rate from 39.6 percent, hiking it to 70 percent, 80 percent, 90 percent or beyond.

Once you have raised taxes and confiscated assets is that the end … or worse … is that just the beginning?

What’s next? Fees on stock and mutual fund transactions? Surcharges on bank accounts? Is the sky the limit?

How about a wealth tax/surcharge on Bill Gates’ hamburger?

https://www.geekwire.com/2019/billions-served-bill-gates-photographed-standing-line-burger-dicks-drive-seattle/

https://www.ddir.com/

https://www.seattlepi.com/seattlenews/article/Billions-served-Bill-Gates-photographed-standing-13539669.php

https://www.washingtonpost.com/outlook/2019/01/24/senator-warrens-plan-tax-ultrawealthy-is-smart-idea-whose-time-has-come/?utm_term=.251e17e49629

https://www.microsoft.com/en-us/Investor/earnings/FY-2018-Q4/press-release-webcast

https://almostdailybrett.wordpress.com/2015/08/23/three-comma-club/

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

https://www.businessinsider.com/biggest-projects-of-generous-philanthropists-bill-and-melinda-gates-2018-8

https://www.goodreads.com/quotes/138248-the-problem-with-socialism-is-that-you-eventually-run-out

 

Mark Parker of Nike is also one of my mutual fund advisors.

Ditto for Marc Benioff of Salesforce.com

Let’s not forget of Dennis Muilenburg of Boeing.

Can’t tell you how many times Almost DailyBrett has been told to invest anything and everything into mutual funds.

For the record 70 percent of your author’s Charles Schwab portfolio is held in mutual funds, the largest amount managed by William Danoff of the Fidelity Contrafund.

Having made this point, let’s take a contrarian stand.

Why can’t investors create their own mutual fund comprised of individual and diversified stocks within their own portfolios?

Whoa … aren’t you the investor taking on too much … risk? Shouldn’t you diversify?

The humble answers are “not necessarily” and “yes.”

As legendary investor Peter Lynch once said: “Know what you own, and know why you own it.”

When it comes to investing and in the spirit of Lynch’s axiom, Almost DailyBrett follows these self-formulated rules:

  • Never invest in a stock in which you personally detest/loathe the lead executive (e.g., Oracle’s Larry Ellison)
  • Buy shares in firms you personally use or have a 100 percent understanding of how the company makes money (e.g., Apple).

For example, ever cutesy Scott McNealy of extinct Sun Microsystems once labeled Microsoft’s Steve Ballmer and Bill Gates as Ballmer and Butthead. McNealy would have been funny, if his company stock wasn’t trading at the very same time at $3 per share.

Whatever happened to Scott McNealy? His company was devoured by Oracle.

Another example: your author won’t touch Bitcoin because even though it is the choice of money launderers around the world, the crypto currency is not associated with any country and there is zero logical explanation of how it makes money.

Isn’t Tim Cook A CEO?

Why is Tim Cook my mutual fund portfolio manager?

Doesn’t Cook run the largest capitalized – $1 trillion-plus – publicly traded company in the world? Absolutely.

Almost DailyBrett clearly understands that Apple is not a mutual fund, but still it offers the complexity, confidence and diversity of a mutual fund.

Apple plays in the hardware (i.e., smart phones, tablets, wearables, PCs) space. Ditto for software (e.g., iOS) and services (e.g., iTunes). Think of it this way, Apple has as many if more investors as any mutual fund … including mutual funds themselves – both buy side and sell side institutional investors – and 75 million shares recently bought by Warren Buffett too.

And who runs this diversified enterprise with the expectation of $60 billion to $62 billion on the top line in the next (fourth) quarter? Revenues grew 17 percent year-over-year. Gross margin remained steady at 38 percent. EPS jumped year-over-year from $1.67 to $2.34 and dividends grew from $0.63 to $0.73.

The dilemma for every Apple investor, particularly today, is when is it time to ring the register at least for a portion of the shares? Almost DailyBrett does not hear very many bells clanging.

There is little doubt that Apple is tearing the cover off the ball. Apple has proven it is not necessarily the number of smart phones sold – even though these mobile devices are an absolute must for our lives – in many ways it is the average sales price, climbing closer to four figures for every unit.

Back to Danoff and Fidelity Contrafund. Today it has a reported $130 billion in assets under management. Cook counters with $1 trillion in investor confidence in Apple’s shares.

Which “mutual fund” manager would you choose, if you could only select, one?

And for diversification, you package Apple with Boeing (U.S. commercial airliner and defense aircraft innovator and manufacturer) …

And Nike, the #1 athletic apparel manufacturer in die Welt.

Finally, Almost DailyBrett has bought Salesforce.com nine times and sold eight times for a profit. To describe Salesforce.com as business software company seriously understates its business strategy.

With all due respect to Satya Nadella of Microsoft, Salesforce.com is THE Cloud pioneer selling software as a service (SaaS) to enterprises around the world.

Let’s see: Apple, Boeing, Nike and Salesforce.com in the Almost DailyBrett mutual fund.

Is your author right? Only time will tell. Will this “mutual fund” adjust and change its holdings? No doubt.

Here’s the point: As Ken Fisher of Fisher Investments would say, it’s time to “graduate” from pure mutual funds.

There is risk associated with selecting stocks for your portfolio, but isn’t that also the case for mutual funds? Some think that mutual funds are no brainers. Not true, and let’s not forget the fees.

When it comes to my “mutual fund” portfolio — AAPL, BA, NKE, CRM — the only fees yours truly pays are $4.95 per trade.

Not bad, not bad at all.

https://fundresearch.fidelity.com/mutual-funds/summary/316071109

https://www.apple.com/newsroom/2018/07/apple-reports-third-quarter-results/

Can’t tell you how many times this familiar admonition has been heard in classes taught by Almost DailyBrett.

Even though the pre-flight instructions are boilerplate, mechanical and dull, this one statement always gets your attention.

Put on your own air mask first … before assisting others.

The point is how can you help anyone else, if you are gasping for air? You can’t.

Americans are recognized as the most generous and giving people on earth. That’s part of the reason we are an exceptional country.

Please feel free to argue in favor of Norway, Sweden, Denmark or any other über-government nation of choice.

According to the Charities Aid Foundation (CAF), charitable giving by individuals as a percentage of GDP: America led the way at 1.44%, New Zealand 0.79%, Canada 0.77% and the UK 0.54%.

If you are scoring at home that means that Americans are contributing nearly 2x more than their nearest competitor.

Is generosity based upon heredity and examples of kindness demonstrated by parents? These are certainly factors.

There is another reason: Many Americans have bought low and sold high. They have invested in their own education. They have used their discretionary income for their retirement, their children’s education, the dream vacation, that new business they always dreamed about starting.

They have put on their own mask first by building personal/family wealth and prosperity.

They have realized that taking care of No. 1 is not selfish, but selfless. They are now in a better position to assist others, to write checks, to give back, to volunteer time to make a difference.

Taking Money Away From The Generous?

There is an unfortunate movement calling for ever-expanding governments in the name of the “public good” to penalize societal achievers with redistributive taxation. In return, there is the vision of guaranteed public sector jobs, free college, healthcare for all and maybe even the ultimate in entitlements: universal basic income.

Who needs college, a job or frankly anything else, when one has direct deposit for governmental largesse and the option to sleep until noon?

Will these souls be willing to part with even a small portion of their entitlement money for little or no work performed to assist others? Is it selfish or selfless to receive government subventions for simply breathing, eating, sleeping and performing biological functions?

Or is there another way?

How about coming up with a great idea? How about becoming an entrepreneur? How about having a dream? And if your vision is realized, then how about giving back big time to those less fortunate?

A great example is the Bill and Melinda Gates Foundation, which donated $41.3 billion so far to fight extreme hunger and poverty in developing nations. Bill Gates through his dreams, the creation of Microsoft, the unveiling of the ubiquitous Windows OS, and earning $92.9 billion in accumulated wealth, has made sure his air mask is tightly bound.

In return, he has assisted literally millions of others through his philanthropy and generosity.

Gates and his co-founder Paul Allen actually created Microsoft in 1975, not government.

Almost DailyBrett can’t stop thinking about how the Obamacare website repeatedly crashed and even its calculator didn’t work. “If you like your doctor or health plan … “

In contrast, how many tens of thousands transactions do Microsoft, Amazon, Apple … process per hour? And they overwhelmingly get these calculations right thanks to ingenious algorithms.

Shouldn’t the mission of a wise government be to foster an environment in which entrepreneurs can continue to dream, to build wealth and to give back to society?

The United States did not become the most generous nation on earth by accident. Our exceptional distinction was powered by those who put on their own mask first, and then … they assisted others, millions upon millions of others.

https://www.independent.co.uk/news/world/americas/america-new-zealand-and-canada-top-list-of-world-s-most-generous-nations-a6849221.html

https://www.donnaschilder.com/articles/life-coaching-articles/put-your-oxygen-mask-on-first/

https://thedijuliusgroup.com/put-your-own-mask-on-before-helping-others-your-best-is-unacceptable/

https://almostdailybrett.wordpress.com/2016/07/06/universal-right-to-a-paycheck/

https://www.gatesfoundation.org/Who-We-Are/General-Information/Foundation-Factsheet

https://www.forbes.com/profile/bill-gates/

“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.

https://www.wsj.com/articles/apple-to-pay-38-billion-in-repatriation-tax-plans-new-u-s-campus-1516215419

 

 

 

“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.

http://money.cnn.com/2017/09/15/media/trump-espn/

http://www.cnn.com/2017/09/15/politics/jemele-hill-espn/

http://www.politico.com/story/2017/09/15/trump-kicks-espn-where-it-hurts-242785

http://www.complex.com/pop-culture/2013/09/tech-ceos-talking-shit-about-their-rivals/mcnealy-shots-on-gates-and-ballmer

https://www.recode.net/2016/5/4/11634208/scott-mcnealy-is-stepping-down-from-the-ceo-job-you-didnt-know-he-had

https://almostdailybrett.wordpress.com/2011/08/12/%E2%80%9Cballmer-and-butthead%E2%80%9D/

http://insider.foxnews.com/2017/09/12/espn-jemele-hill-calls-donald-trump-white-supremacist-kid-rock-pandering-racists

 

 

 

We have come a long way from squeaky chalk or worse – finger nails screeching – on messy blackboards.

Mercifully, we have come nearly just as far from scribbling on overhead projectors (RIP).

Alas, we have not come far enough from wasting literally hours-upon-hours by means of “brain storming” with markers on white boards. Please put me out of my misery.

Now it’s time – way past time — to say goodbye to PowerPoints consisting of nothing more than black words on white backgrounds.

Bore me to the max! Gag me with the clicker!

And yet these mind-numbing presentations still exist. Simply adding more black words on the very same white background doesn’t make the message better, just more dazed and confused.

The author of Almost DailyBrett has sat through more PowerPoint briefings than he would care to even think about, and still he admires Microsoft for creating the ultimate for linear presentations. Bill Gates et al. deserve everlasting credit for developing an enduring tool for presenting ideas, explaining research and making recommendations.

Having said that, one has to ask why are PowerPoints so boring way too many times? They don’t have to be, and yet candidates for major positions, pitch men and women are still using this incredible tool in the most tired, lethargic and desultory ways possible.

Does the candidate really want the job? Do you really want to make the sale? Do you really want to convey an exciting new idea?

If the answer is affirmative, then why are you scratching the surface in what PowerPoint can do for you … and more importantly for the audience?

The Steve Jobs Cult

During Steve Jobs’ way-too-short presence on the planet, he and his company Apple developed a cult following. MacWorld presentations were akin to a spiritual revival. The audience literally gasped when the high priest of global technology held up the iPhone, iPad, iPod for all to see and admire for the first-time.

It was the Kodak Moment on digital steroids.

Steve’s PowerPoints were anything, but complicated … and that works beautifully in a complex world that yearns for simplicity.

There is the iPhone and the Mac. Can there be a new gadget in between? Well yes, there can be. It’s called the iPad. Simple message, well delivered.

The PowerPoint was not bright white with black words, but a black background with images and well-timed words, and most importantly … not too many words.

Venture Capitalist Guy Kawasaki has heard more business-pitch presentations than any human should have to endure. Sure, he gets paid extremely well. Regardless, he is mortal and every minute spent listening to a boring presentation is a minute lost.

He will always have a soft-spot in the heart of the author of Almost DailyBrett for conceiving the 10-20-30 rule: 10 slides, 20 minutes, 30-point font (or above).

The impressive thinking behind the 10-20-30 rule is straight-forward: If you can’t put forward a robust and well-crafter business plan in 10 slides, you don’t have a workable business plan.

The 20-minute rule takes into account the attention span of the average listener, which may be shrinking as you read this missive. People get restless quickly. They want to check their messages on their smart phone. They want to ask questions. They are wondering when is it ‘my turn’?

The 30-point-font or above recommendation is meant to ensure the poor soul in the back of the room can see the presentation. More important is the “tyranny” of the 30-point font because it forces the presentation developer to reduce the number of words. There is just so much PowerPoint real estate.

A Good Picture Is Worth A Thousand Words

Studies have shown conclusively that we are drawn to pictures, illustrations, pie and bar charts. Who can’t love a bar chart that goes upwards to the right with a CAGR line (Compounded Annual Growth Rate) guiding the way ?

In particular, we can quickly access JPEGs or compressed image files through Google Images to add to our PowerPoints. Every presenter should seriously consider incorporating one image (“Art”) into every slide to maintain audience attention.

An added bonus of a JPEG per page is it forces an economy of words. As Martha would say, “It’s a good thing.”

Our PowerPoint backdrops can be different colors. Almost DailyBrett is a big fan of royal blue and black because the words and images literally explode off these backgrounds.

Maybe we want to incorporate video into our presentations? We can drop the video URL into our presentation, and literally play it from there. Keep in mind for a major presento, you want to ensure your video works the first time, every time.

Let’s see: Incorporating the 10-20-30 Rule. Less words. JPEGs, Dynamic backdrops. Video and absolutely no black words on plain white backdrops. Sounds like a winner to little ole me.

Not everyone can be a Steve Jobs or Elon Musk, but everyone has the potential to hold an audience’s attention for upwards of 20 minutes even in our always-on, digital texting world. We can do all of this if we think of ourselves more like Michelangelo painting the ceiling of the Sistine Chapel and less Albert Einstein at the chalk board.

https://office.live.com/start/PowerPoint.aspx

https://www.youtube.com/watch?v=Ndnmtz8-S5I

https://almostdailybrett.wordpress.com/2013/10/30/the-wisdom-of-the-10-20-30-rule/

https://guykawasaki.com/guy-kawasaki/

http://whatis.techtarget.com/fileformat/JPG-JPEG-bitmap

 

 

 

“A million dollars isn’t cool. Do you know what is cool? A billion dollars,” – Justin Timberlake playing the role of Napster founder Sean Parker in The Social Networkseanparker

There are problems in America, and much of those aren’t about the sharing economy. Income inequality is rising, and the middle class isn’t better off than they were a decade ago. We don’t need government investment, and we can provide a solution.” – Brian Chesky, Airbnb co-founder to USA Today

We all have a choice: We can either hate or we can celebrate.

We can resist change and inevitably fail or we can embrace the future.

There are very few that make it to the vaunted three comma club, those with 10 or even 11 figures as their cumulative assets. Nobody has made it to the 12-figure mark … yet.

There are oodles of millionaires, but reaching the billionaire or the three comma club as Justin Timberlake as Sean Parker ($2.6 billion) offered to Facebook’s Mark Zuckerberg ($33.4 billion) is quite a different story.

Some may try to dismiss the select membership of the three-comma club, contending the majority of the wealth was inherited and thus represents just another indicator of income inequality. This contention for the most part is not correct.

For the vast majority of billionaires, as opposed to mere millionaires or multi-millionaires, the difference lies with what Harvard Business Professor Clayton Christensen proclaims as “disruptive technologies.”

Under Christensen’s theory, existing corporations usually have the edge when it comes to sustaining innovations (e.g., one generation to the next generation; one model to the next model). When it comes to “disrupting innovation,” the advantage lies in the hands of new entrants/first movers into the marketplace. That is where we typically find new members of the three comma club.

Taking a gander at the Forbes annual list of billionaires, one finds Bill Gates in first place at $79.2 billion. Were Bill Gates and Paul Allen ($17.5 billion) game changers? The question almost seems silly. Microsoft became THE software side to the PC equation with its novel Windows operating system and its Word-PowerPoint-Excel business suite. Intel (e.g., Gordon Moore, $6.9 billion) provided the other half of the Wintel monopoly with its Pentium processors.windows10

Joining the celebrated three comma club is an incredibly difficult proposition. For the most part, it means the new member came up with a novel idea that changed not only the rules of the game, but society itself.

Jeff Bezos at $34.8 billion was the driver behind first-mover, digital-retailer Amazon, which transformed the way the world shopped with its long-tail strategy (e.g., 99 percent of all of Amazon’s inventory is sold at least once a year to at least one grateful consumer). Jack Ma of China’s Alibaba ($22.7 billion) is attempting to do the same as 400 million of the Middle Kingdoms’ population moves up into the middle class.

Mark Zuckerberg ($33.4 billion), the subject of the aforementioned The Social Network, invented Facebook in his Harvard Kirkland H-33 dorm room just 11 years/1.4 billion subscribers ago. Facebook has changed how we instantaneously transmit to friends and family the exciting (or not so exciting) developments in our daily lives.

Google co-founders and former Stanford students Larry Page ($29.7 billion) and Sergey Brin ($29.2 billion) pioneered the world’s dominant search engine, another first-mover victory, as well as the Android operating system for mobile devices.google1

Elon Musk (a mere $12 billion) is attempting to make climate change neutral electric cars a reality for the middle class with his publicly traded Tesla. And if that was not enough, his privately held SpaceX is delivering payloads into orbit for NASA.

Disruptive Technologies

“Change is the law of life and those who look only to the past or present are certain to miss the future.” – John F. Kennedy

It’s not the progress I mind, it’s the change I don’t like,” – Mark Twain

Are there those out of sheer jealously, who don’t like reading or hearing about billionaires? Yes indeed. Do some people rationalize these monetary gains as being ill-acquired? Yes again. And then there is the disruptive part of the equation.uber

There are those with mobile devices with time on their hands and cars that can be put to work. Hello Uber and its $50 billion in market valuation. And who is negatively impacted? The cab industry and their drivers, who would be well advised to be fairer and nicer to their riders.

And there are those with mobile devices with houses and rooms to rent, reaching out to those around the world, who just want to couch-surf. Hello Airbnb and its $25 billion in market valuation. And who is negatively impacted? The hotel and motel industry, which soon will be facing downward pressure on its pricing model as a result of expanding supply.Airbnb

For Uber, Airbnb and other privately held “unicorns” (i.e., Snapchat, Pinterest, Dropbox), they are forcing change onto those who do not want to change. The forces of inertia have powerful allies (e.g., New York Attorney General Eric Schneiderman). These change agents need effective public relations, marketing and branding to help the on-demand economy to succeed and for society to advance.

Let the storming of the barricades continue.

http://www.usatoday.com/story/tech/2015/08/19/airbnb-ceo-brian-chesky-change-agents-company-targets-new-growth-opportunities/31888851/

http://fortune.com/brian-chesky-airbnb/

http://www.forbes.com/billionaires/list/3/#version:static

https://almostdailybrett.wordpress.com/2015/07/22/attacking-uber/

https://almostdailybrett.wordpress.com/2015/06/14/war-on-wall-street/

https://en.wikipedia.org/wiki/Sean_Parker

http://www.claytonchristensen.com/key-concepts/

https://almostdailybrett.wordpress.com/2012/01/16/in-search-of-another-suite-h33-kirkland-house/

 

 

 

 

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