American Manufacturing Profits Are the Same After Inflation As In 1960
The manufacturing sector in the United States generates the same inflation-adjusted profits it did in 1960. Surprised? Here is a look at the numbers.
Read more
Coco Chanel Only Owned 10% of Her Business – Wise or Foolish?
Coco Chanel was able to launch her business by partnering with financier Pierre Wertheimer. She ended up with 10% and creative control, her friend, Théophile Bader, owned 20%, and Wertheimer owned 70%. She came to resent the arrangement.
Do Not Throw Away the Melon for the Seeds
There is a traditional Chinese proverb that goes something along the lines of, “Do not take the seeds and throw away the melon”. Though there are many ways you can approach this, and multiple lessons that can be extracted from reflecting on it, it can be particularly sage when it comes to running a business and allocating the cash flow from that business. One of my favorite examples comes from The Coca-Cola Company.
Why Income Inequality Will Always Exist as Part of the Post-Industrial Revolution Global Economy
Whether or not a business can lavish employees and owners with huge bonuses, paychecks, dividend checks, and profits on a sustainable basis depends upon one metric and one metric only: operating profit per employee.
A Discussion on Pension Costs
Pension costs and calculations are one of those areas a lot of people don’t think about in their day-to-day lives but it can be really interesting if you love investing and are mathematically inclined. It’s also important as a voter given the political implications should your municipality find itself in a pension funding crisis.