I caught this video today and thought it was worth sharing. I’m a Mike Rowe fan. He has common sense, which seems to be a rarity these days.
He said a couple of things that stood out to me:
“…when you’re going to be a digger of ditches, be the best damn ditch digger there is.”
“There’s a trap out and it’s so easy to forget, but there is no such thing as a good job. There is not such thing as a bad job. There’s work. And what you bring to the work, how long you decide to stay on the job, and whether or not you use it as an opportunity, a destination, or something through which to pass, is up to you.”
I have an inquiring mind. I must know stuff. One of the things I have wondered about was how the World Series plays out. For instance, when a team wins the first game, how often have they gone on to win the series(63.2% of the time). I googled to try to find the information, but it wasn’t available as far as I could tell. So, I fired up Excel and ran the numbers myself.
The Mets and Royals just finished up game two of their series. The Royals won that game and now have a 2-0 lead in the series, which heads to New York for the next three games (only two if the Royals end up sweeping the series).
Although it is rare, it is not unheard of for a team to come back from being down 2-0 to win the series. It has happened 10 times in the history of the 7-game World Series. That said, as you can see from the graphic below, the odds are in the Royals’ favor:
So there you have it (in case you were wondering). As my friend Brad pointed out on one of my facebook posts about the series, correlation does not necessarily mean causation. If anything, it shows just how difficult it is to come back from losing the first two games. Oh, and in case you were wondering, no team has ever come back from a 3-0 (at least not in the World Series).
Enjoy the rest of your day. Thanks for reading.
The DJIA closed at 300 on December 31, 1928. It took nearly 26 years for it to reach the 400 threshold!
Once it reached 1,000 in late 1972, it “only” took about 14 years to reach 2,000.
It’s important to note that these are price return numbers and not total returns. That means they do not include dividends.
Here are the other thresholds throughout the years.
Dow Jones Industrial Average Threshold History
I read the following story in the Nov. 2 issue of Forbes. It was in a piece by Amity Shlaes:
BACK IN THE 1980s a man who sat on the Los Angeles County Regional Planning Commission told a story about a Christmas ham he’d received from a local cemetery, Forest Lawn.
“My first Christmas as commissioner–when I received the ham–I tried to return it at once, though for the record, I did not, since no one at Forest Lawn seemed authorized to accept hams.” A year later another ham from Forest Lawn arrived, and this time the commissioner gave the ham to a worthy charity.
The third year the officer gave the ham to some worthy friends, who were hosting a party. The fourth year the commissioner held his own worthy party and served the ham. The commissioner recalled what happened next: “In the fifth year, about the tenth of December, I began wondering, where is my ham?”
This is why the public is so distrusting of politicians.
I don’t know about you guys, but I’m sick and tired of companies reducing the size of nearly every product (but leaving the price the same). The latest product hit with the shrink ray (as far as I can tell) is Dawn Dish Soap. We were out of dish soap, so I went to the utility room and grabbed a new bottle. I thought the bottle felt different—slimmer. Sure enough. Here’s why:
Interestingly, the UPC code stayed the same. And…you guessed it..the price stayed the same. That means the price actually increased over 11%. Put another way, had P&G kept the bottle the same size and instead raised the price, the price would have gone from $3.99 to $4.43. Sadly, 99% of people won’t even know the difference.
Why are prices increasing? Oil prices are low. Commodity prices are low. The government tells us there’s no inflation. I don’t get it.
The only way to beat this stuff is to buy stock in Proctor & Gamble.