Tag Archive: Phil Knight


“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/

Welcome to America’s cul-de-sac: The Pacific Northwest.

There is no state in the nation’s contiguous states, which is located further away from a steady supply of stud football players, let alone media markets, than Oregon.

For the Oregon Ducks, geography could be an easy excuse. Instead, it is a challenge that must and is being surmounted.

Oregon has chosen to compete in terms of marketing, facilities, swagger and success.

Autzen Stadium is rocking on Saturdays, and yet there are some who cannot pronounce the name of the state correctly particularly those east of the Hudson and in bucolic Bristol, Connecticut. … It’s Or-ee-gun.

As a 30-year season ticket holder, Almost DailyBrett was rooting for the Ducks before it was cool.

Your author earned his bachelor’s degree in broadcasting journalism from USC and his master’s degree in communication from the University of Oregon. There is no game that tugs at the heart strings more than when the Ducks and Trojans come together as will be the case this Saturday at the LA Mausoleum.

The illustration of the GPS disparity (e.g., 858 miles) between Los Angeles, California and Eugene, Oregon cannot be minimized. Oregon is the home to 4.19 million souls. The Los Angeles area has 18.79 commuters.

Geography matters.

USC easily has greater access to more stud athletes within a 40-mile radius of its urban campus than Oregon has in a 400-mile radius of its college town setting. Historically, USC recruits and signs more decorated big men on high school campuses than Oregon.

What? Oregon is a 4.5 point favorite over USC in Los Angeles.

How can that be even remotely possible?

Oregon Chose To Compete

Can’t tell you how many times Oregon was confused in the 1990s with … the Beavers.

You can’t tell the difference between “The Jetsons” and “The Flintstones”?

The working pejorative by the lazy sports media was to simply lump the Ducks and Beavers together as … “The Oregon schools.”

Attempting to stay in the game with USC, UCLA, Stanford and Washington for a quarter or two was an accomplishment. If that was indeed the case, the next obvious question was … why bother?

Athletes in Oregon could not practice their game 24,7, 365 because of the state’s wet climate. The team would never prevail. Oregon would never win the conference crown. The Ducks would never go to the Rose Bowl. They would never play for the “Natty.” A Duck would never win the Heisman Trophy.

Whatever happened to all these modern-day Nostradamus,’ who uttered these ex-cathedra proclamations?

Since Almost DailyBrett first purchased his Oregon season tickets and made his initial donation to The Duck Athletic Fund in 1990, the Ducks have won six conference titles. They have played in Pasadena on New Year’s Day four times, winning two. They have competed in the “Natty” twice. And Oregon deity, Marcus Mariota, won the Heisman.

With each accomplishment, Oregon blew away each recruiting disincentive: Can’t work on your game, never will win, never play in a major bowl, never compete for the national championship, will never be in the conversation for the Heisman … let alone win the trophy.

Oregon Reign

It reigns in Oregon. It reigns big time.

Oregon is the ultimate overachiever, not just in football but men’s and women’s basketball and track and field as well.

What are the components of Oregon’s accomplishments?

Marketing: Oregon is forward-looking. Buy the stock. The school doesn’t concentrate on past tradition, but pivots off immediate success to project forward.  Oregon has identified its target audience (high school sophomore and junior studs) with fun football, cool uniforms, playing in ultra-loud Autzen Stadium on national television. The Ducks are cool, and everyone knows it (including those in Seattle and Corvallis). Maybe their images and likenesses of future Ducks will draw the attention of … Nike?

Facilities:  If you build it, will they come? Almost DailyBrett remembers the alumni tent in the gravel parking lot. That mental image was light years ago. Conservatively, Oregon has invested $15 million for the Moshofsky Center (indoor practice facility), $41 million for the John Jacqua (athletic academic support center), $68 million for the Hatfield-Dowlin Complex (football operations center) and $68 million for the expansion of Autzen Stadium.

Kudos for a huge assist from Oregon’s resident alum swoosh billionaire, Phil Knight.

Swagger: The Golden Era of Oregon football has returned. Former lineman Mario Cristobal has brought Alabama smash-mouth football with speed to the perceived soft Pac-12 conference. Cristobal’s energy is infectious. Every potential recruit coming to Eugene, leaves with photos of himself in Oregon football pads with the Nike logo prominently featured. Once again, Oregon is the hunted, not the hunter.

Success: As John Madden once said: “When you win, nobody can hurt you. When you lose, nobody can help you.” After the school’s best-ever results (46-7) during Chip Kelly’s tenure from 2009 – 2012, and recorded three straight conference titles, four BCS bowl games, Oregon fell back into the Pac. Coaching matters.

Oregon comes to the LA Coliseum this Saturday with the wind in its collective sails (5-0 in the Pac-12). The Ducks respect USC, but don’t fear the Trojans. As evidenced by the Washington and Wazzu games, the contest is expected to be close, real close.

One way or the other, Oregon will be competing for conference title on December 6.

Will our fine-feathered friends have a Rosey future? Expect the Ducks to compete like hell for Pasadena, because they can.

https://almostdailybrett.wordpress.com/2019/01/02/the-conference-of-champions/

https://almostdailybrett.wordpress.com/2012/08/16/rooting-for-oregon-before-it-was-cool/

 

“Anytime. Any Place. Any Conditions.” — Former Oregon basketball coach Dick Harter discussing 4 am practices.

“I’d kick off at 6 a.m. When you wake up — if you’re a college football player or coach, you want to wake up and you want to play football.” — UCLA Football Coach Chip Kelly.

Does the “Anytime” motto really apply to long-suffering Pac-12 fans, including the select oh-so-few who chose to show up for the conference “championship” game last December?

Does anybody actually care about the good folks who make generous athletic department contributions and buy football season tickets?

For Almost DailyBrett, this fall will mark his 30th as an Oregon season ticket holder. Your author is therefore entitled to ask:

When is Oregon playing Stanford? To-Be-Determined, TBD.

When is Oregon playing Washington? TBD.

When is Oregon playing USC? TBD.

When is the kickoff for the Civil War game between Oregon and Oregon State? TBD

And who is doing the To-Be-Determining?

Are we waiting for the 12 university presidents and athletic directors to set the times for these games and hundreds more? Fat chance.

The universities have absolutely no say when it comes to answering the week-by-week TBD questions. Pac-12 universities in particular prostitute themselves to the sports networks.

The $5.3 million paid yearly Pac-12 Commissioner Larry Scott is now exploring 9 am PDT/PST kickoffs in order to ensure conference teams make the football highlight shows in God’s anointed Eastern and Central time zones. Highlight shows?

What? Larry, you just received a $500,000 annual pay raise for that “outside the box” thinking?

Bloody Mary breakfast tailgates as the sun rises over the stadium parking lot? Middle of the night drives home?

Anybody consider the safety of the fans?

“We Don’t Control Our Schedule And When We Kick Off” 

(Washington Coach Chris Petersen) “should be thanking ESPN for actually having a relationship.” – ESPN’s Kirk Herbstreit.

“The hardest thing with Saturdays is when you wake up and then you’ve got to wait until 7 at night. But we’re also big on we don’t control our schedule and when we kick off. So tell us where it is and when we’re kicking off, and we’ll be there.” — Chip Kelly

Who runs the Pac-12 universities? ESPN and Fox or the university presidents?

As a proud capitalist Almost DailyBrett understands that cash is king, and that obviously applies to contract broadcast fees.

Bur isn’t the money donated by alumni (e.g., Phil Knight), just as green? How about university athletic fund members and season ticket holders?

We know the university presidents and athletic directors are in bed with the networks, but what about the fans who fill up the stadiums and buy over-priced beer, snacks and trinkets?

Oregon’s first two-games against Auburn and Nevada are set for 4:30 pm(PDT) kickoffs. Sounds good.

Oregon’s next game against Montana is scheduled for a 7:45 pm start or 10:45 pm in the EDT and 9:45 pm CDT. What’s the point for such a late kickoff when virtually no one in the Eastern and Central time zones will watch the game?

Pac-12 (programming) After-Dark?

More importantly, why should Oregon fans wait until every other football game is played that day (September 14), and then be faced with a midnight drive back home. Heck, isn’t it easier to simply watch the game at home in high-definition comfort?

Maybe that is the point for the networks. Why not play these games in sterile studios instead of near-empty stadiums and forget about the fans?

Making The Pac-12 Great Again?

Don’t university administrators want to bring alumni back to campus for some school spirit, social inebriation, and some check writing too?

How about the energy that comes from the student section?

Why can’t the Pac-12 presidents huddle with overpaid and overrated conference commissioner Larry Scott and declare:

Our football games are going to be played between 12:30 pm PDT/PST and 5 pm PDT/PST, which are the best times for our fans whether they are attending in person or watching on television. We provide great content to ESPN, Fox, Pac-12 Network and others. They are welcome to cover our games.”

Undoubtedly Harvard-Head lawyer Scott will point to existing television contracts and the fact that every Pac-12 game is televised. Keep in mind that contracts expire. They are typically renewed. Let’s get better terms.

Almost DailyBrett has noted those  poor souls, who were born in the Pacific and Mountain time zones, lost the biological lottery. We are two-or-three hours behind the rest of the nation. That’s a fact of life, but not an excuse.

Why don’t we concentrate on Making The Pac-12 Great Again?

Let’s schedule our football games, particularly homecoming contests, at times and places, which are convenient for the vast majority of our fans, alumni and students.  If the East of the Hudson types want to believe we all exist in Baskets of Deplorables, we can only conclude that mindset says more about them than us.

The Pac-12 universities, their respective presidents and athletic directors need to declare their independence — or at least co-existence for the good people who matter — alumni, students and friends, those who actually go to the games.

https://www.oregonlive.com/ducks/2019/05/canzano-pac-12s-biggest-news-commissioner-larry-scott-got-a-raise-to-5300000-a-year.html

https://www.espn.com/college-football/story/_/id/27259246/pac-12-commish-exploring-idea-9-games

https://goducks.com/schedule.aspx?path=football

https://almostdailybrett.wordpress.com/2017/11/05/pac-12-after-midnight/

https://almostdailybrett.wordpress.com/2019/01/02/the-conference-of-champions/

 

”I could say … that I ran a small grocery store on the corner (e.g., State of Arkansas), therefore I extrapolate that into the fact I can run Walmart. That`s not true.” – Ross Perot debating Arkansas Governor Bill Clinton and President George H.W. Bush

Perot labeled Clinton’s 12-year public sector experience as the chief executive of the “Natural State” as “irrelevant.”

The famous 1992 debate exchange reminds Almost DailyBrett of today’s deep-state/elite media practice of automatically and terminally disqualifying anyone aspiring or even holding the presidency – including the present office holder – who does not have public sector experience.

Public sector über alles?

Some have suggested that seven-year South Bend Mayor Peter Buttigieg, 37, is more qualified to run the nation than billionaire entrepreneurs, who build, create breakthrough products, employ thousands and manage global business enterprises.

Let’s see, Mayor Pete’s South Bend has a $368 million city budget, 1,285 employees and 101,168 residents including thousands of Notre Damers who need their garbage picked up and their streets swept.

Okay …

In contrast, the $9.5 billion, The Trump Organization LLC, is the 48th largest privately held company in the world. Trump and his family manage 500 affiliated property development and marketing companies with 22,450 employees operating in 25 countries.

According to the New York Times, Trump’s business has been required to take losses and declare bankruptcy from time to time. Phil Knight in his book, Shoe Dog, recounted how Nike almost went under … nine times.

How’s Trump doing today? How’s Nike doing today?

And then there is Starbucks founder and chairman (political villain) Howard Schultz.

Sorry Howard … you can’t play this (presidential) game either … even though you created and turned Starbucks into the largest coffee roaster in the world. Let’s see … the company reports $24.7 billion in annual revenues, manages than 27,000 stores and hires 277,000 baristas et al. around the globe.

Kathleen Sebelius vs. Jeff Bezos For CIO

All kidding and snickering aside, the political class seemingly would rather hire as its CIO Kathleen Sebelius with her infamous crashing Obamacare website with its pathetic non-working calculator.

Conceivably the alternative would be private sector Amazon with its track record of successfully and accurately processing 1 million digital transactions per hour.

The millionaire Bernie and Elizabeth types rail daily against billionaires (i.e., Trump, Schultz, Knight, Bezos …) and their privately held/publicly traded corporations (i.e., Starbucks, Nike, Amazon), seemingly as the sources of all that is wrong in the world. The Massachusetts senator even talked about breaking up the most successful and useful of these companies.

If digital retail pioneer Amazon was forced to breakup, wouldn’t the company in an aw shucks moment, simply spin-off Amazon Web Services (AWS)? Considering Amazon’s marketing for AWS’ cloud services capability, don’t you suspect Jeff Bezos and company are already thinking about AWS as a separate publicly traded company?

How about the prospect of (NYSE: AWS)? Victory for the government? Victory for investors? Whattyathink Elizabeth?

Wasn’t there a movie actor/union president, who with the exception of a stint in the military, never spent a nanosecond in the public sector and became the governor of the largest state in the union, California?

How did that experiment turn out?

Not only was Ronald Reagan wildly popular in blue state California, he was one of our greatest presidents and the only one to ever hold a union card while serving as the nation’s chief executive.

Which Is More Important: Public or Private?

For Almost DailyBrett, your author served 14 years in the public sector (i.e., California press secretary and Central Washington University assistant professor). The same four-decade career also included 25 years in the private sector (i.e., LSI Logic Corporation, Semiconductor Industry Association, Edelman Public Relations, newspapers).

Which sector was more important in the development of your author’s institutional knowledge base?

Don’t know. Inclined to conclude that both are nice to have, and each is equally important.

http://www.chicagotribune.com/news/ct-xpm-1992-10-20-9204050015-story.html

https://money.cnn.com/2016/12/15/investing/trump-organization-48th-largest-private-company/

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=344985

http://www.city-data.com/city/South-Bend-Indiana.html

https://www.cnn.com/2019/04/13/politics/bernie-sanders-millionaire-book-sales-tax-returns/index.html

 

 

“Believe in something. Even if it means sacrificing everything.” – Nike multi-million dollar NFL marketing campaign starring Colin Kaepernick.

Wonder if Nike marketers ever pondered those who literally sacrificed everything for the red, white and blue?

They made the ultimate sacrifice.

Where is their multi-million-dollar marketing campaign?

Guess they are not cool.

Nike knew it was going to stir the pot (not cannabis). Guess all publicity is good publicity, even coverage that brings into question the quaint notion of proudly standing for the national anthem and saluting Old Glory.

Seems Nike investors are making a stand this morning driving shares down 3 percent or $3.75 billion in lost market capitalization, while the company is taking a knee on America.

Based upon the early returns with shareholders of NYSE: NKE, there is no doubt the stock is under pressure.

The reason is Nike’s decision to base its NFL marketing campaign, its reputation, and its brand on a guy who disrespected the Star Spangled Banner and Old Glory.

By pouring millions into NFL non-player Colin Kaepernick, who by the way is suing the league for collusion, Nike is taking sides.

Nike claims it stands with the athlete, except Kaepernick is not a player. He’s a litigant.

Almost DailyBrett upon hearing the news of Nike’s controversial marketing campaign seriously considered selling all 451 shares of Nike stock

Investment discipline dictates that one does not sell dividend-paying shares producing a 77 percent gain in a down market. Remember: Buy Low, Sell High.

My hope is that Nike does not use my investor dollars to bestow millions upon a man, who defied our country, our national anthem and our flag.

Can Almost DailyBrett make this humble request to Just Do It management? Please.

Boston Massacre

Keep in mind, the Colin Kaepernick campaign is not the first time that Nike screwed up.

Remember the company’s “Boston Massacre” campaign?

Nike hopes you forgot the misguided Yankee colored t-shirts with bullet holes and blood.

The t-shirts were unveiled on 2013 Patriots Day … yep the same day as the Boston Marathon terrorist bombing.

Back to the point, who thought that a t-shirt with bullet holes, blood and the Nike Swoosh was a good idea? The answer is the same marketing department that is giving us the middle-finger Colin Kaepernick campaign.

There are some besides POTUS, who disagree with Kaepernick and his imitators taking a knee during the playing of Francis Scott Key’s poem, America’s national anthem.

How about campaign featuring NFL Hall of Famer and Civil Rights Champion, Jim Brown? He dares disagree with taking a knee before the red, white and blue.

Kaepernick is claiming the collusion against the NFL, Nike’s marketing partner. The only problem is another NFL Hall of Famer and Nike model, John Elway, stated ex-cathedra the Denver Broncos offered a contract to Kaepernick.

Details, details sometimes interrupt a pre-determined narrative. Right CNN?

Championing The Athlete, Not The Flag

As long as Nike is condoning the behavior of Kaepernick, maybe the company may want to add its iconic swoosh to the statue of black gloved John Carlos and Tommie Smith, displaying their defiance during the playing of the Star-Spangled banner during the 1968 Olympics.

What’s the difference tween Kaepernick and Messrs. Carlos and Smith?

Almost DailyBrett writes this blog post with a high degree of sadness.

Your author champions Uncle Phil Knight, his entrepreneurship (read his best-selling “Shoe Dog”) and his philanthropy. He deserves every dollar of his estimated $35.4 billion net worth.

He is happily retired. Too bad, he is not on the scene today on behalf of the millions of silent Americans, including thousands of military families, who don’t think Colin Kaepernick is cool.

And never will.

https://www.washingtonpost.com/news/early-lead/wp/2018/09/04/serena-williams-lebron-james-back-nikes-just-do-it-campaign-with-colin-kaepernick/?noredirect=on

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

 

 

 

“Don’t mistake activity for achievement.” – Legendary Basketball Coach John Wooden

Almost DailyBrett has been reflecting on a deep conversation with my physician.

Philosophically, my doc pointed to the onset of one’s seventh decade as the beginning of the “Dying Years.”

The “Dying Years”?

Does the author of Almost DailyBrett really want to ponder this inevitable subject? Not really.

Having said that, consider the following:

There was a time when everyone in my immediate circle seemed to be graduating from college.

And then everyone was getting married or going to weddings in hopes of getting married and lucky … not necessarily in that order.

Weddings, receptions and honeymoons eventually led to babies, toddlers, kids and PTA meetings.

Next up were the wave of divorces, and once promising loves gone wrong.

Along the way, there were surgeries and medical procedures, providing far too many of us with the war wounds of life.

Some deal better than others when it comes to mid-life crises. There are those who purchase sports cars, but they don’t all have to be red. My little chariot is green.

And finally … friends and family start meeting the Grim Reaper. The years go by and more than a few have bought the ranch. Those 60-and-above are now in the “Dying Years.”

Death is a subject that no one wants to assess — let alone discuss — even though the end of life is part of life, and thus inevitable. There will come a day in which my ashes will start their eternal swimming and swirling in the Willamette.

Almost DailyBrett contends those in The Dying Years have a responsibility and yes, even a choice about how they approach and enhance these vital final chapters of life.

Every Day Is A Gift; Every Day Is An Opportunity

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it.” — Apple Founder Steve Jobs

“Don’t cry. Don’t raise your eye. It’s only teenage wasteland.” – Pete Townshend, Baba O’Riley

If life is short and finite for everyone, isn’t there a personal responsibility to do the best we can with each remaining day of our lives?

How many have lamented about far too many people – young and old — wasting their lives, mindlessly spending hour-after-hour, day-after-day playing video games, watching “original content,” drinking PBR Talls – while the dishes pile up in the sink?

As the Germans say, “Life is too short to drink cheap beer.”

How about those who receive all of their news and information through their smart phones, Comedy Central and video games? According to Theologians, Jesus spent his 33 years on the planet and lived within a 150-mile radius of his Bethlehem birth place. His reasonable explanation, if asked: global transportation really did not exist in a 33 AD flat-earth world.

What is the excuse for those in the 21st Century who confine their lives to a 150-mile radius, when global transportation is ubiquitous? If you want to stroll The Ginza, walk the cobble stones of Red Square, traverse the once-forbidden arches of the Brandenburg Gate or shop gaze along 5th Avenue … you can and you should. The world is out there, Carpe Diem!

There will always be overachievers, such as Condoleezza Rice, Arnold Schwarzenegger, Phil Knight and Elon Musk, and then there will be the teenage wasteland crowd, which matriculates to adults running out the clock until that inevitable last day arrives.

In effect these people who are wasting their lives – more than 30 percent of working age males are voluntarily not working in today’s America – are already in their dying years.

Don’t we have a responsibility to leave the world in better shape than we found it? Naturally, we don’t individually have the means to end Third World famine in Africa and elsewhere, but we can serve our communities, countries and the planet … making them all better for our presence.

We also have a choice about how we approach these Dying Years. If we are conscious of our diets and exercise, we may be able to extend our active years into our 70s and maybe 80s. If we make the choice for a gluttonous sedentary existence, we hasten the demise of the quality of our lives, restricting our opportunities, until that day arrives.

The Dying Years is quite frankly not an easy subject for Almost DailyBrett, let alone anyone else. Nonetheless it’s a topic better addressed earlier than later, when we still can take responsibility and make the right choices.

Can’t tell you how many times, a commentator has referred to a passing as “an untimely death.”

When will The Dying Years, let alone death ever be timely?

https://en.wikipedia.org/wiki/Baba_O%27Riley

https://almostdailybrett.wordpress.com/2011/10/25/prostate-cancer-a-piece-of-cake-compared-to-valley-fever/

https://almostdailybrett.wordpress.com/2015/03/12/six-decades/

https://almostdailybrett.wordpress.com/2013/02/17/running-out-the-clock/

 

 

 

“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.

Salesforce.com. 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, Salesforce.com. Let’s face it, many may claim a cloud legacy, but Salesforce.com 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.

https://www.nytimes.com/2015/08/08/opinion/joe-nocera-on-the-cramer-takedown.html

http://www.cc.com/video-clips/iinzrx/the-daily-show-with-jon-stewart-jim-cramer-pt–2

https://don-mclean.com/

 

 

I’d like to warn the best of them, the iconoclasts, the innovators, the rebels, that they will always have a bull’s-eye on their backs. The better they get, the bigger the bull’s-eye. It’s not one man’s opinion; it’s a law of nature.” – Nike founder Phil Knight

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena …” – President Teddy Roosevelt

There are no statues devoted to critics.

Our increasingly complex data-driven society is overloaded with analysts, reviewers, chroniclers, interpreters – creating nothing of meaningful value – but they are always quick to cast stones at those who try to make the world a better place.

As Phil Knight said in his New York Times best seller Shoe Dog, “Entrepreneurs have always been outgunned, outnumbered.”

A perfect example – not the first one and certainly not the last – is the use of a series of infographics to depict an engineering/entrepreneur who tried and tried and succeeded brilliantly, but is portrayed by his failures.

A May 26 MarketWatch piece by Sally French includes a five-part infographic, which catalogs a litany of failures by Tesla co-founder, SpaceX founder, SolarCity co-founder and PayPal co-founder Elon Musk.

When asked to describe himself by Steve Croft of CBS’ “60 Minutes,” Musk responded that he regarded himself simply as an engineer. Almost DailyBrett has worked with engineers for years, attempting to transform their anal exactitude, never-ending acronyms and nomenclature into plain English.

What characterizes engineers is their willingness, their compulsion to throw ideas at the wall. Some will stick, and others … oh well.

Elon Musk is not afraid to fail. He is more scared by the prospect of not even trying.

Alas, Musk is human. Five of his SpaceX rockets blew up. He was ousted from PayPal on his honeymoon. He made $180 million from his stake in PayPal. He invested this money and presumably much more in SpaceX and Tesla, both were hemorrhaging cash. He was not only broke, but in way-over-his-head debt in 2008.

Today, Musk is Forbes’ #80 wealthiest individual on the planet with an estimated worth of $13.9 billion. His Tesla is the pure-play leader in energy-efficient electric cars, ion-Lithium batteries and solar. Is Tesla an electric car company that helps combat climate change? An energy company that shuns fossil fuels? Or is it, Elon Musk’s company?

How about all of the above? To most investors, the answer would be third … Tesla is Elon Musk’s company … and there may lie the reason for the MarketWatch infographics, illustrating Musk’s failures. Schadenfreude has never felt so good or gut.

A similar set of questions can be asked about Musk’s SpaceX, which is transporting materials to the International Space Station and may someday put humans on Mars. Think of it this way, four entities have successfully fired rockets into space: The United States of America, Russia, China and Elon Musk’s privately held, SpaceX.

The Importance of Failure

“I think it’s important to have a good hard failure when you’re young because it makes you kind of aware of what can happen to you. Because of it, I’ve never had any fear in my whole life when we’ve been near collapse.” — Walt Disney

Would you rather be Steve Jobs, who was terminated by the company he created, Apple?

Or would you rather be John Sculley, who will go down in history as the man who fired Steve Jobs?

 

 

Sculley recently tried to blame the termination of Jobs on the Apple Board of Directors at the time, but the die has already been cast. Sculley will follow Jobs to the grave as the man who sent packing the modern-day equivalent of Leonardo da Vinci.

Nike founder Phil Knight recounted in his memoir how he started his company with a $50 loan from his dad. Today, Nike is the planet’s No. 1 athletic apparel and shoe provider with $33.92 billion in revenues, $86.8 billion in market capitalization and 70,000 employees.

Uncle Phil is the 28th wealthiest homo sapien in the world at $26.2 billion. Keep in mind, this company was literally days, if not hours, away from bankruptcy too many times to count between 1962 and going public in 1980.

For Musk, his tale is a South Africa-to-America story. Today, Tesla is a $8.55 billion company, employing 17,782 with investors pouring $53.4 billion into its market cap.

Almost DailyBrett has been consistent in hailing the risk takers, the entrepreneurs, those who stare failure right in the face and sneer. The results are great companies that employ 10s of thousands and produce the products we want and need.

There will always be those who rage at the “billionaire class” to score political points.

And some with too-much-time-on-their-hands develop infographics to illustrate how the great have fallen here and there.

Wonder if any of these critics, analysts, reviewers etc. would have fired Steve Jobs?

Almost DailyBrett radical transparency: Your author happily owns shares in both Nike (NYSE: NKE) and Tesla (NASDAQ: TSLA). The above epistle does not constitute investment advice for either company other than to generically say, Buy Low, Sell High.

http://www.marketwatch.com/story/the-many-failures-of-elon-musk-captured-in-one-giant-infographic-2017-05-24

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

http://www.marketwatch.com/story/the-fascinating-life-of-elon-musk-captured-in-one-giant-infographic-2016-04-13

https://www.youtube.com/watch?v=bojY5N2Ns3k

https://almostdailybrett.wordpress.com/2015/02/05/a-man-in-the-arena/

https://www.forbes.com/billionaires/list/#version:static

https://www.forbes.com/sites/randalllane/2013/09/09/john-sculley-just-gave-his-most-detailed-account-ever-of-how-steve-jobs-got-fired-from-apple/#38def8d4c655

 

 

 

 

 

 

 

 

They don’t hate us. We hate them, even though our mumsies told us to never use that verb.

Eugene is only 47 miles down the road, guess that proves that familiarity does indeed breed contempt.bennybeaver

They actually root for us, except once a year in the Civil War. We detest, despise and loathe them and everything they represent. We will never, ever cheer for them.

They see themselves as The Jetsons. They compare us to The Flintstones.

They see themselves as ultra-cool, and so does ESPN. Guess that makes us, Brand X.

When they do deign to actually contemplate us, they regard us as “Little Brother,” and that “Cow College.” They make disparaging sheep jokes: “The greatest lie in Corvallis? ‘I was only trying to help that sheep over the fence.’”

That’s not funny, and it’s not true.

Seriously.

On Tuesday nights, they watch “Talkin’ Ducks” on Comcast SportsNet. On Wednesday, we are supposed to watch “Talkin Beavers,” even though the title sounds like the obscene chatter of adolescent boys.

We were just so close this past Friday, our rodents coming within three points twice in the fourth quarter until they took it away from us for their eighth consecutive win. The Civil War is now Oregon 63, Oregon State 46 and 10 ties … once again we were on the wrong end of the scoreboard.

Their biggest rival is the Washington Huskies, not us. They will not even acknowledge that we are their true rivals.

They are so smug in their ever-changeable Nike uniforms. We have to admit they have a better school, better stadium, better facilities, better team, better band, better songs, better mascot, better rally squad. Everything is just frickin’ better.shout

Okay, we are better at agronomy, but does that count?

Flat Tail Society

We supposedly market ourselves as Beaver Nation, but does anyone outside of Benton County really believe Mike Parker, The Voice of the Beavers?

They have “Uncle Phil,” and his Nike billions. He lavishly and charitably gives millions to both athletics and academics at his alma mater, and yet we still wear his swoosh uniforms. Doesn’t Adidas or Under Armour want to protect our house?

We played in the Rose Bowl on January 1, 1965, losing by only 27 points to Michigan. They played in the Rose Bowl this past January 1, beating previously undefeated Florida State by 39 points … and the game wasn’t that close.

Twice we were within one game of the Rose Bowl in both 2008 and 2009. All we had to do was beat them … that’s all we had to do. Alas …

“Send me dead flowers by the mail

Send me dead flowers to my wedding

And I won’t forget to put roses on your grave” – Jagger, Richards, Dead Flowers

Coming Full Circle

We have a Heisman Trophy winner by the name of … ahh … what was his name again? Oh, Terry Baker in 1862. Sorry, made a mistake, it was 1962. Their Heisman Trophy winner is Marcus Mariota, just this past year. You can watch him play every Sunday for the Tennessee Titans.marcusheisman

We set an NCAA record for most consecutive losing seasons: 27 (1971-1998). We seemed to be turning the corner until we ran into an oncoming train. Our native-son coach, Mike Riley, packed his bags for bucolic Lincoln, Nebraska. We won two games this year. Oregon had a bad year (for them) too, winning only nine, six straight, and yet another win over us.

At least one commentator referred to our football program as a “road apple.” Hey, that’s not true. We almost won a conference game. And we are going to fix up the Valley Football Center in Corvallis.

Maybe we can adjust the rabbit ears at the Valley Football Center and watch the Ducks in their 12th straight bowl game … at least they are not playing for national championship this year.

We are optimistic about next year. Contrary to the persistent rumors, there will be ice on the sidelines at Reser Lunch Meats Stadium. The student with the recipe is staying for graduate school.

Even though we lost yet another Civil War last Friday, we are proud of Oregon State, our alma mater dear. Our diplomas are proudly hung on the wall, and most of us are gainfully employed.

And when customers arrive, we cheerfully ask: “Would you like to supersize your meal?”

https://en.wikipedia.org/wiki/Civil_War_(college_football_game)

http://www.azlyrics.com/lyrics/rollingstones/deadflowers.html

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

 

 

 

 

 

 

Move Paves Way for Huskies to Join The Big Sky Conference

SEATTLE, WA, April 1, 2015 – After failing to defeat Oregon since George W. Bush’s first term in office, the University of Washington today announced the cancellation of its October 17 game at Husky Stadium against the Ducks.ducksdawgs

Under the terms of the memoranda of understanding (MOU) with the University of Oregon, Washington will still pay the visiting team share to Oregon, and another $500,000 so the Ducks can host Florida State on October 17 at Autzen Stadium in Eugene. The Rose Bowl rematch will be televised nationally on ESPN at 4:45 pm PDT.

In place of Oregon, the University of Washington will renew its historic rivalry that very same day against the Idaho State University Bengals in Holt Arena in Pocatello, Idaho. The game will be broadcast on a tape-delayed basis on Pac-12 Networks at 11:30 pm PDT, following the conclusion of the Washington vs. Washington State Apple Cup women’s soccer game.

“After losing 11 consecutive times by an average deficit of 25 points with no game being closer than three touchdowns, we have done a lot of soul-searching by the Montlake,” said University of Washington Athletic Director Scott Woodward. “We have been living in a state of  denial way too long. It’s time to accept reality: Washington can neither compete academically with Oregon nor can the Huskies contend with the Ducks athletically.”

Woodward announced the university is in active discussions with Commissioner Larry Scott about resigning from the Pac-12 in order to seek a more appropriate level of athletic and academic competition in the Big Sky Conference. To ensure that 12 schools still comprise the major conference, including two from the Evergreen State, Woodward said the Washington administration proposed that Gonzaga University join WSU as the state’s representatives in the Pac-12.

“Even though the Washington athletic administration is proposing a zero sum game, we have to study this plan carefully as we know that Gonzaga in-place of Washington will strengthen the league’s competitive stance in NCAA basketball,” said Scott. “Gonzaga would give the Pac-12 access to the Spokane media market, while the retention of Washington State will continue the league’s presence in the all-important Pullman, WA/Moscow ID region.

In addition to paving the way for admission into the Big Sky, setting up contests against Weber State, Northern Arizona and Eastern Washington among others, the University of Washington will undergo a massive reduction in the capacity of Husky Stadium from 72,500 to about 16,000 to more align the university with its new FCS division.husky

University of Washington Football Coach Chris Petersen acknowledged the presence of University of Oregon billionaire alum, Phil Knight, was a contributing factor in the now lopsided “series” between Oregon and Washington with the Ducks outscoring the Huskies 481-202 since 2004. Petersen, who served as an assistant at Oregon, before taking head coaching jobs at Boise State and Washington, knows firsthand the advantages that UO has over Washington.

“Many warned me that I would be taking a step backward in terms of athletics and academics, when I left Oregon for Boise State,” Petersen said. “I didn’t fully appreciate that downward spiral would not only continue, but actually accelerate, when I left picturesque Boise for dreary Seattle.”

Petersen encouraged the University of Washington administration to be realistic, and forget about churning out billionaire alums. He suggested the university instead focus on the few promising UW students that someday, someway will actually make six-figures cumulatively (e.g., one, two, three, four … ) in the course of their lifetimes. There are certainly opportunities for Udub graduates in maintenance engineering, petroleum transfer and refuse collection, he added.UOUW

Oregon coach Mark Helfrich indicated that he was saddened the Oregon vs. Washington “rivalry” was coming to an end after 107 games with Oregon winning the first 43-0 in 1900, and now the last 11 times.

He said that circumstances ultimately change, and wished Petersen and the Huskies all the best in not only the October 17 game in Pocatello, but against all of its other conference foes in the fortified Big Sky.

“We are hopeful there will be the same intensity exhibited by both players and fans in a different Oregon vs. Washington rivalry, when the Huskies take on Portland State,” said Helfrich.

“Washington supporters should keep in mind that when it comes to Portland State, you cannot stop the Vikings, you can only hope to contain them,” he said.

http://en.wikipedia.org/wiki/Oregon%E2%80%93Washington_football_rivalry

http://www.isubengals.com/index.aspx?path=football

http://www.gohuskies.com/SportSelect.dbml?SPID=126613

 

 

 

%d bloggers like this: