Tag Archive: Tesla


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

 

 

 

 

 

 

 

 

“You can’t foment. You can’t create an impression a stock is down. You do it anyway because the SEC doesn’t understand it.” – Former Goldman Sachs hedge fund manager Jim Cramer

“Apple is very important to spread the rumor that both Verizon and AT&T have decided they don’t like the phone (iPhone). It’s very easy to do. It’s also easy to spread the rumor the phone is not ready for Macworld.”  — Cramer explaining how shorting hedge-fund managers drive down a company’s stock price through rumor mongering

“I want the Jim Cramer of CNBC (Mad Money host) to protect me from that Jim Cramer (Goldman Sachs hedge-fund manager) – Comedy Central’s Jon Stewart

Many of us watched Jon Stewart take apart Jim Cramer on Comedy Central’s The Daily Show With Jon Stewart. The legendary 2009 interview went viral, including Cramer’s bragging about short selling, even among those who do not subscribe to the notion of buying low and selling high.

Here’s a predictable sports metaphor that brings into question the morality of short selling.

Every sports fan knows there are teams that far-too-many of us love to hate (i.e. New England Patriots, New York Yankees, Los Angeles Todgers …). We will happily pop open a cold one and sit in front of the Hi-Def and root against these teams and many others. We want them to lose, and lose big.

Having acknowledged this indisputable fact of life, will we spend our hard-earned money to travel to their respective stadia or watch them on our home team fields, courts, ice rinks solely to indulge in an exercise of Schadenfreude, delighting in their misery when they lose? You are rooting against them and not necessarily for your team.

Don’t we have better things to do with our money and time than negative rooting?

Moving from metaphor to reality, should the cunning few take their discretionary investment dollars and place a trade – a short sell – with the intent of cashing-out based not upon a publicly traded company’s stock rising, but instead losing value for the vast majority of investors and their employees?

Before going any further, Almost DailyBrett must acknowledge that short selling is perfectly legal (it shouldn’t be), but the question remains: Is it moral? Yes, some may be wondering how morality and Wall Street work in tandem. Believe it or not, there is synergy when it comes to investing and morality.

For example, each of America’s 5,900 publicly traded companies on the NYSE or NASDAQ is legally required to practice fiduciary responsibility (don’t glaze over). Translated: Every company is obligated to do the best job possible to drive the top line (revenues) and raise the bottom line (net income or loss).

The beneficiaries of fiduciary responsibility are America’s Investor Class, the 55 percent of our nation that invests in mutual funds, bonds or stocks. When “Wall Street” is attacked, the hopes and dreams of literally millions for a comfortable retirement, their children’s college education, their donations to worthy charities, their once-in-a-lifetime vacations, are under siege as well.

The Big Short

“Stormy weather in Shortville … “— Tesla CEO Elon Musk tweet mocking short sellers

The literally millions of short trades fly directly in the face of the aspirations of middle-class and lower-upper class investors, who realize you can’t finance dreams through negligible bank interest rates and ping-ponging real estate. That’s why they turn En-masse to equities, bonds and mutual funds (e.g., IRAs and 401Ks).

For example, there are those (including the author of Almost DailyBrett) who invest in Elon Musk and Tesla. They are supporting the development of electric cars, ion lithium batteries and solar power, all intended to transport millions and provide energy – all without contributing to climate change.

And yet 31 million of Tesla’s (NASDAQ: TSLA) 163.1 million shares are sold short or about $8.46 billion in market capitalization or value that these traders are hoping will simply plunge big time to their greedy benefit.

Alas for them and hooray for the rest of us the Tesla short sellers are taking it in the shorts.

As we saw in the Oscar-nominated for Best Picture, The Big Short, there were cunning and callous short sellers who bet big time – and won – against the U.S. real estate market and thousands of underwater and underperforming mortgages.

They won, while literally hundreds of thousands lost their homes or were trapped in properties they could not afford, thus triggering the Great Recession of 2007-2008.

Almost DailyBrett believes the government regulates enough thank you very much. But should the feds (e.g., SEC, DOJ, FTC) take a long-and-hard look at short selling?

If the goal of the shorts is pure unmitigated greed, while literally hundreds of thousands suffer and see their hopes and dreams dashed, then short selling is not only wrong morally, but it should be frickin’ illegal as well.

http://www.goldmansachs.com/

http://www.biography.com/people/jon-stewart-16242282

http://www.cnbc.com/jim-cramer/

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

http://www.cc.com/video-clips/gliow5/the-daily-show-with-jon-stewart-jim-cramer-pt–3

https://www.nytimes.com/2015/12/11/movies/review-in-the-big-short-economic-collapse-for-fun-and-profit.html?_r=0

http://www.reuters.com/article/us-tesla-stocks-idUSKBN17522H

https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA

This is an upsetting event for all of us at United. I apologize for having to re-accommodate these customers.” –PR Week’s “Communicator of the Year,” United CEO Oscar Munoz

Do you really think so, Oscar?

Last Sunday morning, United Continental Holdings, Inc., or more commonly known as United Airlines (NYSE: UAL) positioned its brand as a global airline with the tagline “The Friendly Skies” and backed by the music of George Gershwin’s “Rhapsody in Blue.”

By Sunday evening the airline’s brand was radically changed, maybe even permanently altered, by what happened on a commuter flight (United Express #3411) from Chicago’s horrible O’Hare Airport to the home of the Kentucky Derby, Louisville.

Note that horses are treated better than United’s overbooked passengers, one in particular.

Almost DailyBrett has researched and written extensively about the loss of branding control. With social media and easy-to-use and outstanding-quality smart-phone cameras and recorders, everybody is a potential reporter, even one sitting in an aisle seat on United.

Just as BP is no longer seen as an oil and gas company, but rather one that caused the massive Deepwater Horizon “spill,” United is now linked to inexplicable violence against one of its own paying customers, whose only crime was wanting to fly home to treat his patients.

The inexcusable exercise of violence and brutality against a 69-year-old Vietnamese refugee, Dr. David Dao, including losing two front teeth, sustaining a concussion, and suffering a broken nose — all because he committed the cardinal sin of refusing to leave a seat he purchased on an overbooked flight to accommodate a United employee — is now a viral social and legacy media legend.

Most likely, this horror video could also be the topic of a heavily covered jury trial (United will try to avoid this scenario at all costs by attempting to settle out of court), and possibly a congressional investigation (United probably will have to respond to a subpoena). There is very little chance United could prevail before any jury regardless of venue.

The author of Almost DailyBrett has repeatedly told students at Central Washington University that company, non-profit, agency, government, politician brands are now “traded” on social media and blogging exchanges every second of every day.

These brands can soar (e.g., Tesla and Elon Musk) on glowing reports (and company common stock usually moves in tandem). They can also plunge into binary code oblivion triggered by a game-changing incident (i.e., Chipotle and E. coli; Volkswagen and “defeat software”; Wells Fargo, phony accounts; Anthony Weiner and his tweeted wiener).

So far, United investors and employees have lost an estimated $1.5 billion in market capitalization on the New York Stock Exchange (NYSE). On the social media stock exchange, the company has lost even more as millions around the world are shocked and appalled by about 60 seconds of gratitous violence video.

In China as well as other countries in East Asia that serve as United destinations, the bloody treatment of Dr. Dao is seen as a racist act. Is United racist? The answer really doesn’t matter when the perception in the Asian community (and other ethnic communities) is that United perpetrated a racially motivated attack.

Does PR Week rescind Oscar Munoz’ “Communicator of the Year” Award just as the Heisman Trust recalled the famous statue from Reggie Bush? The call seems easy.

What’s Next For United?

“I think corporate America needs to understand that we all want to be treated in the same manner with the same respect and the same dignity that they would treat their own family members. If they do that, wouldn’t it be great? So, will there be a lawsuit? Yeah, probably.” — Attorney Thomas Demetrio

United knows as evidenced by the live coverage of today’s Chicago news conference by Dr. Dao’s lawyers on CNN, Fox News, CNBC, Fox Business and others, this story has “legs.” Just as BP found that out every day the Deepwater Horizon well was leaking, United will also realize this public relations nightmare will endure for weeks and months.

So what should United’s PR team do in the interim?

  1. The “service” company needs to dramatically alter its way of doing business. Literally thousands upon thousands are justifiably angry at United and other carriers for their well-documented and long-endured arrogance and disregard for their customers, the passengers.
  2. United needs to forever foreswear the use of violence on its aircraft except in the rare circumstances in which a passenger is a threat to themselves or others.
  3. The days of “overbooked flights” need to come to an end. If someone buys a ticket to a football game that person is entitled to that seat on the 30-yard line. If a passenger buys a ticket for a plane that passenger is entitled to seat 9C.
  4. The airlines need to enshrine this simple notion as a new policy and champion it. If they don’t, one suspects that Congress will do exactly that. Don’t try to lobby against this change. Be a part of the solution.
  5. Be nice. United, American and Delta – the so-called legacy carriers – need to shed their well-earned image of being rude, arrogant, un-empathetic and uncaring. For once an attorney is right: We all deserve respect and dignity.
  6. The lawyers will have a field day, starting with the discovery process. Sell-side analysts will downgrade the stock. Congressional committees will beat up Oscar Munoz. For United’s PR team, this is not the beginning of the end, but the end of the beginning.
  7. Time can heal. Keep in mind, United’s brand will never be the same and will literally take years to turn the corner. One suspects United will somehow move forward. A little humility and the willingness to admit wrong, to learn and become change agents on behalf of customers and not just the bottom line, may one day lead to a better tomorrow.

 

https://www.washingtonpost.com/news/on-leadership/wp/2017/04/12/united-ceo-oscar-munoz-the-rise-and-fall-of-a-communicator-of-the-year/?utm_term=.c0660d2cfa9b&wpisrc=nl_headlines&wpmm=1

https://almostdailybrett.wordpress.com/2011/07/11/loss-of-control-how-to-safeguard-reputations-and-brands-in-a-digital-world/

http://www.cnbc.com/2017/04/13/attorney-for-united-airlines-passenger-dao-says-there-will-probably-be-a-lawsuit.html

 

 

 

 

“There’s a pretty good chance we end up with a universal basic income, or something like that, due to automation. I’m not sure what else one would do. That’s what I think would happen.” – Tesla and SpaceX Founder Elon Musk

“It is the working man who is the happy man. It is the idle man who is the miserable man.” – Benjamin Franklin

“To be idle is a short road to death and to be diligent is a way of life; foolish people are idle, wise people are diligent.” — Buddharobots2

As a small-time shareholder in Tesla, the author of Almost DailyBrett is reconsidering his investment.

Have I’ve been foolish?

Should I be more diligent to be wise?

Don’t get this blog wrong. These posts have always supported and admired entrepreneurs (e.g., Musk) as job creators, dreamers of great new products, and economic forces for good (e.g., reducing dependence on fossil fuels).

Nonetheless it’s shocking to note that Musk’s (i.e. PayPal, Tesla, SpaceX) answer to the prospect of increased robotics/automated services (i.e., check-out machines, ATMs, robotic assembly lines) is too simply put all of these future displaced employees – maybe even millions of workers – on a politically acceptable dole (at least to some): Universal Basic Income or UBI.

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

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

Let’s face it: The shrinking middle class during the past 30 years is a major cause of serious political disruptions with populist causes taking hold on both sides of the Pond.

Pew Research revealed that 62 percent of Americans were categorized as middle class in 1970, falling to 43 percent in 2014.

Conversely, 29 percent of Americans were upper class in 1970, rising to 49 percent in 2014.

Lower class was essentially flat from 10 percent to 9 percent during these 44 years.

Almost DailyBrett is concerned that aggressive moves toward ever higher minimum wages may entice even more potential employers to seriously explore using even more machines, which don’t require the payment of benefits (e.g., medical, vision and dental), and don’t demand days off.robots1

And who would be most impacted by displacement by machines and robots? The middle class? The lower class? Both?

Under the failed Universal Basic Income (UBI) plebiscite in Switzerland earlier this year, displaced workers would have received an annual salary of $30,660 for a single, $61,320 for a couple and $76,728 for a family of four … placing them in the higher echelons of middle-income America … but without exerting any effort.

How does UBI square with the Protestant Work Ethic?

Funding A New Leisure Class

“People will have time to do other things and more complex things, more interesting things. [They will] certainly have more leisure time.” – Elon Musk

“Ask not what your country can do for you — ask what you can do for your country.” – President John F. Kennedy

“Given the crisis that we are in and the hardships that so many people are going through, we can’t allow any idle hands. Everybody has to get involved, everybody has to pitch in and I think the American people are ready to do that” – President Barack Obama

Earlier, Almost DailyBrett wrote about the record number of working-age men (e.g., 20-54), who are voluntarily not seeking a job … any job. Instead, they are averaging 5.5 hours per day playing video games, accessing streaming video and watching HDTV. That’s a shocking loss of brainpower and manpower, the type that President Kennedy said could be in service to the country.

Would UBI exacerbate this unacceptable trend, essentially making it politically acceptable to displace able workers with even smarter machines? The net result would be even more wards of the state with little or nothing to do. Idle hands will indeed rule.

The question still persists: Should millions of able-bodied people be paid to do nothing? Will they earn their paychecks? How will UBI be funded, if America becomes a donut with a huge whole in the middle — little or zero middle class?

Will the majority of these recipients ultimately become miserable on the certain road to death?

If all one is doing is running out the clock (e.g., playing video games and checking out social media) until that inevitable day arrives, then what is the purpose of life?

Maybe UBI is not so smart after all? Whattyathink Mr. Musk?

http://mashable.com/2016/11/05/elon-musk-universal-basic-income/#dmtbn21mkmq8

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

http://www.voanews.com/a/a-13-2009-01-20-voa6-68822097/413577.html

https://www.brainyquote.com/quotes/keywords/idle.html

http://fortune.com/video/2016/11/07/elon-musk-wants-universal-basic-income/

http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/

https://almostdailybrett.wordpress.com/2016/11/07/millions-of-active-women-supporting-millions-of-idle-men/

 

 

 

 

 

“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/

 

 

 

 

“Bulls make money, bears make money, pigs get slaughtered.” – CNBC Mad Money host Jim Cramercramerpigs

Which decision requires more mental gymnastics?

When to buy?

When to sell?

The author of Almost DailyBrett humbly opines that when to sell is the tougher call.

Why?

There are two kinds of remorse: ‘Darn it the stock kept going up after I sold’; and the worse one, ‘I could have sold when the stock was up, but I was a pig … and oh fiddlesticks, now I am selling when the stock is down.’

Yep, there are a lot of potential could-of, would-of, should-of when it comes to selling.

So what should you do in the view of this humble retail investor (read: Charles Schwab account)?

Don’t Fall in Love

“…Sometimes the most obvious question really is the question. In Enron’s case: How do you make money? – Bethany McLean, Fortune Magazine

Preparing to teach Corporate Public Relations/Investor Relations to Central Washington University seniors and a few juniors starting this coming Wednesday, yours truly will pose the same simple question that Fortune’s McLean posed to Enron’s Jeffrey Skilling: “How do you (Enron) make money?”

Communicators need to have elevator pitches at their ready when asked this very same straightforward question about their own employer. The same is true for investors: How does a company make money? If the answer is clear; you like the company; you understand the business strategy; you have done your homework including consulting with your financial advisor, then it may be time to purchase shares of the company stock.bullandbear

This particular company’s stock is now part of your diversified portfolio, which in turn represents a portion of your retirement savings, a child’s college education, that dream vacation etc.

All is good, but when does it make sense to sell?

Buy and hold is a sure loser. Why? At some point, stocks will stop growing. Your invested company certainly will change, and not necessarily for the better. Circumstances may shift and a wave of caca may hit a company or an industry.

Remember the Internet bubble two decades ago? It burst.

Remember the housing bubble a decade ago. It burst.

Don’t fall in love with your securities. Follow your instinct and your plan. When it is time to pull the trigger and unload the stock, then sell the shares.

Have a Plan

“I love the company. I hate the stock.” – Jim Cramer on Tesla (NASDAQ: TSLA)

Okay, it’s time to confess: I fell in love with the Elon Musk Ion-Lithium Battery/Electric Car story at Tesla. Yes, I bought the stock and road it up and down (pardon the pun) and eventually got tired of the downward roller coaster.muskcar

Before I weighed selling, I considered at what average price point did I buy the stock and how low would it have to go before I would sell the stock? It hit that point, and it was time to sell.

Maybe at some future time, it will be low enough to once again purchase the stock, but only when one is convinced the company has a realistic plan for long-term profitability.

The same is true when selling a stock that is going up. Social media stock LinkedIn (NYSE: LNKD) recorded a blow-out quarter and the stock exceeded my prearranged sell price point. As Joseph Kennedy reportedly said: “Never apologize when taking a profit.”

And we should never worry about paying taxes on our profits; profits are taxable.

The point here is to follow your game plan and sell when it’s time. That’s a good thing, really.

What are some other signs that it is time to sell a stock?

  • The Music Stopped: Once upon a time, Intel (e.g., microprocessors), Microsoft (e.g., software operating systems) and Cisco (e.g., Internet routers and switches) were literally rocking and rolling. We couldn’t get enough of these stocks until … the music stopped. The PC is yesterday’s news. The 1990s came and went. It became time to sell and move on.
  • Commoditization: Just like Intel’s microprocessors became a commodity to serve as the brains of social, mobile and cloud, the same is true for all other semiconductors and those that build semiconductor manufacturing equipment and electronic design automation (EDA) software. Intel’s rumored takeover of Altera, similar to Avago’s absorption of LSI Corporation, are more signs of industry consolidation. If you have not sold already, it’s past time.
  • High Volatility: Sometimes an investor can benefit from a highly volatile stock. A perfect example is Salesforce.com (NYSE: CRM). Lost track of how many times, yours truly has bought, sold, bought, sold, bought … this stock. As long as the trend line is consistently up, it’s okay to let go of the shares now and then, only to become reacquainted at a later date.
  • New Management: Tim Cook is proving that there is life at Apple following the ultimate demise of Steve Jobs, but that is the exception not the rule. Companies change. Business plans shift. Circumstances change. Markets explode or implode. Almost DailyBrett has always followed the mantra that if the old boss or new boss is a bosshole, it’s time to pass on the stock or sell the stock. Translated: Stay away from Larry Ellison and Oracle (NASDAQ: ORCL)
  • No Balance Between Fiduciary and Corporate Social Responsibility: The best run publicly traded companies do NOT see “doing well” and “doing good” as being mutually exclusive. Publicly traded companies with their brands under a digital 21st. Century microscope must appreciate their respective brands are trading in the cloud 24/7/365. Worshipping exclusively at the altar of fiduciary responsibility will no longer cut it. If so, it’s time to sell.
  • Caca Happens: Planes land at the wrong airports (e.g., Southwest). Companies name shoes (e.g., Umbro) after the cyanide gas used in Nazi concentration camps. The CEO falls dead in the backseat of a car (e.g., Texas Instruments). Oil wells explode and gush on global video for three months (e.g., BP). Guano hits the fan. This is precisely the reason not to fall in love with any stock.

Sometimes, it is time to say goodbye.

Breaking up is hard to do.

http://www.thestreet.com/story/10292084/1/bulls-bears-make-money-pigs-get-slaughtered.html

http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.

https://almostdailybrett.wordpress.com/2011/07/21/what-happens-when-the-music-stops/

https://almostdailybrett.wordpress.com/2013/10/06/how-does-a-company-make-money-2/

https://almostdailybrett.wordpress.com/2014/07/18/donate-to-united-way-or-invest-in-tesla/

http://finance.yahoo.com/video/cramers-stop-trading-tesla-motors-135400997.html

https://almostdailybrett.wordpress.com/2014/01/02/farewell-lsi-logic/

https://almostdailybrett.wordpress.com/2011/12/13/fiduciary-responsibility-vs-corporate-social-responsibility/

 

 

 

 

 

 

“We don’t have a strategy yet.” – President Barack Obama asked about a potential U.S. response to the radical ISIS of Iraq and Syria

“We are THE low-fare airline.” — Herb Kelleher, co-founder and chairman emeritus of Southwest Airlines

kelleher

We hear the word all the time.

It is as ubiquitous as “sustainable,” “solutions” and “selfies.”

Here comes another common S-word: “strategy.”

What is this creature?

According to the Business Dictionary, strategy is “1.) A method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem or …

2.) The art and science of planning and marshaling resources for their most efficient and effective use. The term is derived from the Greek word strategia for generalship or leading an army.”

As the creator of an upper-division university course, Strategic Business/Financial Communications (my M.A. project), sometimes one can still ask if you appreciate the meaning of the word, strategy. We use it all the time, but do we really appreciate its context?

Does Management Know What It Is Doing?

Rank-and-file workers around the world spend portions of their days chatting around the proverbial cooler or more likely firing text messages or emails across cyberspace asking each other whether the boss or bosses really know what she/he/they know what they are doing?

watercooler

The real question is: Do we have a strategy? And if so, what is our strategy?

Think of the interrogative this way: Any organization has only so much money, so much time, so much manpower/womanpower and so much talent and knowhow. These resources are finite. How will they be most effectively utilized?

The decision is just as much what an organization is going to do with its resources, as it is what it will not do with its limited attributes.

“We’re not serving any damn chicken salad”

The New York Times bestseller Made to Stick, co-authored by Chip and Dan Heath, recounts the story of Tracy, the marketing whiz at Southwest Airlines, suggesting to CEO Herb Kelleher that chicken Caesar salad would be popular with the airline’s customers. The idea went absolutely nowhere because it did not coincide with Southwest’s THE low-fare airline strategy.

madetostick

“Core messages help people avoid bad choices by reminding them what is important,” Chip and Dan Heath wrote in Made to Stick. “In Herb Kelleher’s parable, for instance, someone had to choose between chicken salad and no chicken salad – and the message ‘THE low-fare airline’ led her to abandon the chicken salad.”

Think of what Southwest (NYSE: LUV) does:

The airline offers soft drinks, pretzels and peanuts (and adult beverages paid by credit cards).

Southwest flies point-to-point primarily in the continental U.S., eschewing the annoying jammed “spoke” airports (e.g., Denver, Dallas, Chicago, Charlotte, Atlanta) that plague the legacy carriers and their passengers. Southwest only flies Boeing 737-400s.

There are no assigned seats, festival seating for all.

And the flight attendants seem to be having a great time, and really want the passengers to “enjoy” rather than endure their flight.

What does Southwest NOT do:

There is no crummy airline food to purchase.

There are no spoke systems.

Southwest does not purchase multiple models of aircraft from both Boeing and Airbus. There is one model of aircraft to service.

There are no assigned seats, but a devilishly effective way of boarding it’s A,B and C boarding groups. Southwest makes money when its planes are in the air, not on the ground. The strategy is to get satisfied passengers off the plane, quickly loading another happy group of patrons and sending the plane back into the air heading off to the next destination.

As a public relations, marketing, advertising professional, you want to work for an organization that knows what it wants to be when it grows up. When dealing with external (e.g., conventional and social media, industry and financial analysts, governmental regulators, investors, partners, suppliers, distributors general public) and internal stakeholders (e.g., all-important employees), you want to be sure of your “story.”

If your organization knows what it wants to do, and what it does not want to do (and has the discipline to stay within the confines of its resources), your job is just that much easier.

FedEx will get your package to its intended destination positively, absolutely overnight.

Tesla pours millions into R&D and cap-ex for ion batteries for electric cars at acceptable price points with sufficient range.

Salesforce.com is a pioneer in SaaS or software as a service, allowing customers to pick-and-choose, and then plug-and-play business software from the cloud.

Google is the number search engine in the world, and makes the Android operating system for mobile devices.

Amazon is the number one digital retailer on the planet, and makes the Kindle reader.

The examples are too numerous to count, but these are companies know how to answer the question: “How do you make money?” The answer is a clear strategy.

The vast majority of investors will weigh buying shares in these companies because they know these companies raison d’etre. There is no FUD (Fear, Uncertainty and Doubt) when it comes to Southwest, FedEx, Tesla, Salesforce, Google, Amazon and many others.

obamastrategy

Alas, a few folks in Washington D.C. are not the only ones without a strategy… yet. And every organization without a strategy – what to do and not what to do — has a big league public relations/branding/marketing dilemma.

http://www.washingtonpost.com/blogs/post-politics/wp/2014/08/28/obama-on-increased-action-against-islamic-state-we-dont-have-a-strategy-yet/

http://en.wikipedia.org/wiki/Herb_Kelleher

http://www.businessdictionary.com/definition/strategy.html

http://en.wikipedia.org/wiki/Strategy

http://en.wikipedia.org/wiki/Made_to_Stick

https://almostdailybrett.wordpress.com/2013/10/06/how-does-a-company-make-money-2/

 

 

 

 

Quick question: To benefit society is it better to donate $1,000 to the United Way or buy about five shares in Tesla (NASDAQ: TSLA) for the same amount of money?

Earns Tesla MotorsUnitedWay

Before you answer, please be reminded this question is not about pure, unmitigated, unadulterated altruism of the giver or investor.

Those who contribute to non-profits (e.g., United Way is one of literally thousands) in many cases are doing so to generate a personal tax deduction, which not inconsequentially adds to the federal deficit approaching $18 trillion.

Conversely, those who invest in corporate shares are doing so in hopes that the stock increases in value, something along the lines of buy low, sell high. This action does not sound charitable in the least … but in some cases it may be just that.

To top it off, a successful buy-low, sell high-action triggers a profit and with it tax liability (either capital gains or personal income tax depending on the timing of the transaction). These transactions lead to greater tax revenues for the feds, states, counties and municipalities.

Back to the basic question: Is it for the betterment of society to donate to a non-profit rather than to invest in visionary companies?

The answer may be surprising.

Non-Profit vs. For-Profit

Certainly, the United Way is not the only non-profit doing good on Planet Earth.

And just as certain, Elon Musk’s battery-powered automobile innovator/manufacturer, Tesla, is not the only global company with a spiffy idea or two.

The Alexandria, VA-based United Way with 1,200 local offices with a reported $103.2 million in assets and $94.2 million in net income provides essential support services to the less fortunate nationwide…and that is as Martha would say, “A good thing.”

Keep in mind when these big numbers are being thrown around, some in power may try to dip into the till. That is exactly what happened in the 1990s when United Way CEO William Aramory defrauded the charity according to a 53-count federal indictment to the tune of $1.2 million. He spent six years in the slam.

The United Way appears to have fully recovered from the PR debacle, and has partnered with the National Football League and others to assist those who need help the most.

Many multi-national corporations have earned near universal disdain for excessive CEO compensation, selling sinful products (e.g., NYSE: MO or Philip Morris), practicing “Green-Washing,” “Pink Washing” or “Astroturfing.” No wonder there were protests/reactions from “Occupy Wall Street,” to Senator Elizabeth Warren (D-Massachusetts) and many, many others.

And yet, there are companies that are sincere about maintaining both their fiduciary responsibility for shareholders and employees, and corporate social responsibility for workers, communities, regions and yes, the planet.

Companies on a Mission

“If you give a man a fish he is hungry again in an hour. If you teach him to catch a fish you do him a good turn.” — Anne Isabella Thackeray Ritchie in her novel, Mrs. Dymond (1885)

University of Oregon business professor Michael V. Russo wrote Companies on a Mission about more than a handful of enlightened corporations that have demonstrated they can be good citizens, while pursuing a profit as mandated by fiduciary responsibility.

lohas

In writing his book, he said these companies doing good for communities and the planet were drawing interest from at least a portion of the LOHAS (lifestyles of health and sustainability) consumer market segment, estimated at 43 million Americans in the economic downturn year of 2009. Conceivably that number has grown as the economy continues its stubbornly slow recovery.

Are we daring to think differently in suggesting that investing in shares and/or buying the products of these forward-looking companies is the equivalent of teaching a man how to catch a fish?

And are we merely giving a man a fish, if we donate in a well-meaning non-profit. That’s exactly what Almost DailyBrett is pondering in writing this epistle.

Please send the slings and arrows my way.

NUMMI Comes Back to Life

In a recent 60 Minutes piece on Musk’s battery car builder, Tesla, and privately held rocket-ship innovator, SpaceX, CBS included footage of the once-shuddered/2010 reopened NUMMI plant in industrial Fremont, California. There are now than 1,000 workers building non-polluting Tesla battery-operated cars at NUMMI.

teslanummi1

 

Palo Alto-based Tesla employs nearly 6,000 (and this figure does not include in-direct jobs in the form of suppliers, partners, distributors, resellers, butchers, bakers and candle stick makers).

The $2 billion top-line and $456 million bottom-line company has attracted more than $26.7 billion in market capitalization or market value (based on the present stock price).

The key to building more of these vehicles, which do NOT contribute to climate change, are the availability of ion-batteries with acceptable ranges and reasonable price points. Tesla will soon announce the location(s) for its ion-battery “Gigafactory.” We can rest assured the Gigafactory or Gigafactories will directly employ hundreds and indirectly employ thousands more, using the tried-true indirect-to-direct employee ratios.

Bill O’Reilly once called Tesla a “game-changer” as the way we think of automobiles is changing. And naturally, Tesla is attracting competitors into this space (z.B. Bayerische Motoren Werke oder BMW).

Back to the basic premise of this exercise: Are there instances in which the purchase of stock shares in (gasp) a corporation do more for the economy and the planet than making the traditional charitable contribution?

That seems to be the case in at least one instance, if we dare think out of the proverbial box.

Almost DailyBrett Note: The author of this blog owns slightly more than 100 shares of Tesla. Readers considering investing in Tesla would be well advised to review Tesla’s financials, stock performance, analyst reports and maybe even consult a financial advisor. My knowledge of Tesla is based upon published reports, publicly available information/data and of course, the 60 Minutes piece.

http://www.unitedway.org/

http://en.wikipedia.org/wiki/United_Way_of_America

https://almostdailybrett.wordpress.com/2011/12/13/fiduciary-responsibility-vs-corporate-social-responsibility/

https://almostdailybrett.wordpress.com/2014/04/02/only-in-america/

http://www.teslamotors.com/

http://en.wikipedia.org/wiki/Tesla_Factory

http://www.cbsnews.com/news/tesla-and-spacex-elon-musks-industrial-empire/

http://en.wiktionary.org/wiki/give_a_man_a_fish_and_you_feed_him_for_a_day;_teach_a_man_to_fish_and_you_feed_him_for_a_lifetime

http://en.wikipedia.org/wiki/NUMMI

http://www.fool.com/investing/general/2014/07/17/tesla-motors-inc-california-is-back-in-the-race-fo.aspx

 

 

 

 

“The sales of Apple kept getting stronger, the cash position larger, and the products more creative than any company I can ever recall – all because of the genius of one man, the founder, Steve Jobs.

“When Steve Jobs died on October 5, 2011, I told people on ‘Mad Money’ that Apple would never be the same…” – CNBC über-commentator and former hedge fund manager Jim Cramer

The Three Gees

When I joined the ranks of Silicon Valley PR directors/managers in 1995, the business media was obsessed with three CEO rock stars we called, “The Three Gees”: Bill Gates (Microsoft), Lou Gerstner (Itty Bitty Machines) and Andy Grove (Intel).

The Three Gees dominated (today’s legacy) media at the time, seemingly making every cover of the leading business magazines, namely BusinessWeek, Forbes and Fortune.

They respectively represented the software, manufacturing and semiconductor sides of the PC, and the growth of their stocks was something to behold.

jobsamelio

When Steve Jobs returned to Apple one year later – 11 years after being forced out by John Sculley and the Board of Directors of the company he created – the media coverage was breathtaking. The Mercury News above-the-fold treatment left one wondering what the editors would do for the “Second Coming.”

And yet Steve Jobs was indeed mortal. There was no OMG product that Jobs bequeathed to his successor, Tim Cook. Today, Apple is losing ground to Samsung. Will Apple ever regain its Steve Jobs-era glory? Most are betting the under.

Fast-forward to the present: Microsoft is offering new generations of Windows in the post-Gates era. IBM sold its PC division – the technology it pioneered – to China’s Lenovo. Intel and other semiconductor companies are now mere commodity suppliers to the new newsmakers, the social media (e.g., LinkedIn), cloud computing (e.g., Salesforce.com) and mobile technology (e.g., Google) firms or as Cramer says: social, cloud and mobile.

Bench Strength?

In the big four American sports, particularly beisboll, football and hockey you cannot win the World Series, Super Bowl and Stanley Cup respectively with just superstars. This is less the case with basketball, but players contributing off the bench are still needed. The point is champions must have talent, including superstars, but they also need deep benches, intelligent systems and solid coaching.

A team winning the Stanley Cup cannot just rely on one superstar center, left-wing, right-wing line, but also scoring from lines two, three and four, solid defensemen and lights-out goalies. There will be nights when the top line is not producing. That means that others must step up and contribute.

penguins

My former boss, Wilf Corrigan, founded custom-chip designer LSI Logic in 1981 and also served as its chairman and chief executive officer until he decided in concert with the company board of directors to step down in 2005. He surrounded himself with extremely talented lieutenants as mentioned in an earlier Almost DailyBrett post. They went on to serve as CEOs including: John Daane (Altera); Brian Halla (National Semiconductor); Moshe Gavrielov (Xilinx); Jen-Hsun Huang (NVIDIA); Ronnie Vashishta (eASIC) and Bruce Entin (Silicon Valley Communication Partners).

The most important point is that Wilf, despite his status as a captain of industry, did not want the LSI Logic story to be exclusively about him. He also wanted to feature his deep bench. Instead of the first-person singular (e.g., I, me, myself), he insisted on personally speaking in the first-person plural (e.g., we, us, ours). He wanted the same for those who spoke on behalf of the company team … that would be me.

The Imperial CEO

carly1

Just last week, The Economist cited Czarina Carly Fiorina, former CEO of Hewlett-Packard, in a story as to why female CEOs are more likely to be shown the door – the glass cliff — as opposed to their male counterparts. The central reason offered was that female CEOs are more likely to be hired from outside to save the day.

The Economist cited the “disproportionate publicity” that Carly received in her rocky tenure, making her a media star and synonymous with her company Hewlett Packard (particularly during the Compaq acquisition debacle) and ultimately contributing to her demise.

mayer

Almost DailyBrett wrote earlier about glamorous Yahoo! rock star Marissa Mayer, and her decision to pose horizontally for Vogue. The question was asked then, and asked again now whether we care as much about Yahoo! as we do about Mayer? Maybe the coming $15 billion – $16 billion IPO of Chinese digital retailer, Alibaba, will bring some attention back to 13.6 percent part-owner, Yahoo!

We should also not lose sight that Mayer came to Yahoo! from Google. Is there another glass cliff in the offing?

“Tesla is Elon Musk”

Last week, a CNBC talking-head analyst declared that electronic car innovator Tesla was in reality an ion-battery maker in drag.

CNBC anchor Bill Griffeth replied that Tesla is Elon Musk. Guess the same would apply to privately held, rocket maker SpaceX. According to a recent profile on CBS’ 60 Minutes, Musk devotes three days of his typical week to SpaceX, two days to publicly traded Tesla (NASDAQ: TSLA) and two days to his relatively new wife and five sons from his previous marriage.

Can Musk petition for weeks to be extended to nine days?

As a shareholder of Tesla and as a public relations counselor/commentator for three decades, Musk comes across as a good guy and relatively modest. He simply calls himself an “engineer.” Whether he likes it or not, he is first and foremost a technology rock star.

So what should Tesla, SpaceX and Musk do?

At a minimum, they all should be thinking about succession planning even though Musk is only 42 years young. The comparisons made by 60 Minutes and others, comparing Musk to Jobs, should be seen as both extremely flattering and downright scary.

Tesla and SpaceX seemingly have extremely talented corporate lieutenants. We need to see them and get to know them. Will they replace Musk in stature? No. Having said that, there will be a future of these companies after Musk, just as there was a future for Apple after Jobs.

muskstraubel1

For example we could learn more about Tesla’s chief technology officer JB Straubel, who rebuilt a discarded electric golf cart at 14-years young. Today, the Stanford grad in energy engineering is now tasked at building an affordable (e.g., $30,000) Tesla electric car with acceptable range.

The same will eventually be true for the leading rocket scientists (they really are rocket scientists) at SpaceX, particularly if Musk decides to take the company public.

The Tesla and SpaceX teams need to remember that running a company is not a sprint, but a marathon. To make it for the long-run and go deep into the playoffs, you need a seasoned team and a strong contributing bench.

http://www.amazon.com/Jim-Cramers-Get-Rich-Carefully/dp/0399168184

http://appleinsider.com/articles/13/03/27/briefly-steve-jobs-1996-return-to-apple-depicted-in-rare-set-of-photos

http://www.economist.com/news/business/21601554-why-female-bosses-fail-more-often-male-ones-glass-precipice

https://almostdailybrett.wordpress.com/2013/08/18/mayer-vogue-nasdaq-yhoo/

http://www.teslamotors.com/executives

 

 

 

 

Making Change Your Friend

“For a lot of people, ‘What if I do nothing?’ is a no-brainer … Do you think you can go sideways and hum along? There is no sideways in life. Life applies friction.” – Entrepreneur and motivator Jonathan Fields delivering a TEDx Talk.

The mileage as the crow flies between Eugene, Oregon and Ellensburg, Washington is 330 miles, give or take a feather or two.

Both are Pacific Northwest college towns (University of Oregon and Central Washington University respectively).

marboro1

 

Mother Nature  lavishes rain on Eugene’s seemingly endless groves of Douglas fir trees and an evergreen landscape. Ellensburg is high desert and reminds one of “Marlboro Country” with its wide spaces, grazing bovine and of course, the county rodeo. That is no Extreme Bull.

Yes, this will indeed be my first rodeo.

As they say, “All good things must end.” Eras come to a close, while others are just beginning. New adventures are on the horizon.

For the author of Almost DailyBrett, there was a LaLaLand era, a Sacramento tenure, a Portland time, a Silicon Valley marathon, a lengthy stop in Eugene and soon it will be a new beginning in Ellensburg.

Many have literally spanned the globe in their life changes. Alas, for me it has been the three continental states that touch the Pacific, but nonetheless it has been a wild-at-times roller-coaster ride.

But for many, even modest change is something to be feared and dreaded. And yet these timid souls try to go sideways, even though that is really not an option.

Same Bed, Same TV, Same Beard, Same Pension and No License to Drive

“Don’t tell me it can’t be done. Show me how it can.” – Plaque in the office of former House Speaker Jim Wright

We all know them.

They always have an excuse. They are always ready with a rationalization. They always have something, anything wrong that will never, ever get better.

eeyore1

Sometimes they can’t get out of their own way. They prefer living at home, sleeping in the same bed and watching the same 21” standard-definition television set with the rabbit-ear antennas (slight exaggeration). Someone will not cut his beard or hair. Someone artistically gifted will not start his own business because he or she is locked into public sector golden handcuffs (e.g., public sector pension). And someone will not learn how to drive and therefore will not be able to compete for a better job and improve her or his life and the lives of impacted offspring.

Another year of “muddling through?” Are Food Stamps and disability payments far off? Is life reduced to running out the clock to the final inevitable day? Pass another PBR.

How many people do you know that are overworked, underpaid, under-appreciated, underutilized and under the gravitational pull of a bosshole? How many more are in a bad relationship, and they know they are in a bad relationship, but for some reason will not throw off their chains?

For far too many these desultory scenarios are exactly the case. But Jonathan Fields correctly points out that there is no sideways in life. Life applies “friction” in many ways … and some of the nastiest scrapes can be sudden and unpleasant.

Sometimes Change Cannot Be Controlled, But It Can Be Managed

Happiness does not come from a job. It comes from knowing what you truly value, and behaving in a way that’s consistent with those beliefs,”  — Michael Rowe, Host of “Dirty Jobs.”

Even for the successful, the achievers, the Type A personalities caca does indeed happen. A close family member may die. A hereditary disease may strike. You may simply be in the wrong place at the wrong time. Your organization may be acquired. You may come under the influence of a bosshole. The economy may go south. The list goes on-and-on-and-on.

Everyone wants to decide when she or he comes and goes, but many times that is not an option.

We cannot pretend change is not going to happen, but we need to accept that it will … and not always in a nice way.

As mentioned before in Almost DailyBrett, we need to manage or be managed. So how can we manage change?

Acceptance Mode. No more anger. No more denial. No more bargaining. No more depression. Let’s skip all of the above and get to acceptance. What is your plan for the future? What comes next? You know there will be a “next.”

Look to the Future. The past is gone. The present will soon be gone. What have you done? Where do you want to go? What do you need to do to reach this goal? Life is too frickin’ short. How can you improve your chances of success? Manage your future.

Change of Venue? Sometimes there are better opportunities over the horizon, in another town, in another state or maybe another country. Are you limiting your options because you will not even for a nanosecond consider a change of personal venue?

Don’t Hate, Celebrate. Don’t hold grudges. Instead of being jealous of achievers and wishing them Schadenfreude, learn from their successes. If a rising tide lifts all boats, how can your dingy become a yacht? There is a way.

tigger

Be positive. Growing up, Tigger was always more appealing than Eeyore. Show Speaker Wright and others exactly how it can be done. Be rational, but instead of merely defining the problem, what is the solution? How can your life and the lives of your loved ones change for the better

Keep Your Eyes on the Prize. There is always something new to learn. The reason for the unprecedented success of Silicon Valley is lifelong learning. Engineers (e.g., Tesla’s Elon Musk) are not afraid to fail. They are always trying to solve the latest and greatest puzzle before moving on to the next one. What will you learn today?

Every Stranger is a Friend You Have Not Met. There will be new people. There will be new experiences. Some will be better. Some will not. As the Realtors always say, “There will be tradeoffs.” Make change your friend. And yes, you can’t always get what you want, but if you try sometime, you just may find, you get what you need.

http://www.youtube.com/watch?v=pkFRwhJEOos

http://en.wikipedia.org/wiki/Jim_Wright

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

http://books.google.com/books?id=OGoXa1Au0n8C&pg=PA49&lpg=PA49&dq=Speaker+Jim+Wright:+Don%27t+come+in+and+tell+me+how+you+can%27t;+tell+me+how+you+can&source

http://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model

http://toprightnews.com/?p=2872

 

 

 

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