Watch this:

Mike Rowe on Jobs

October 30, 2015 — Leave a comment

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.”


Remember back during the Bush presidency when people were crying about oil prices and whining that big oil set the price of oil?

Take a look at this chart:

Crude Oil Price Chart 2014 - 2015

So, here’s my question of the day:

If “big oil” sets the price of oil, why are oil prices roughly 40% of what they were a year ago?

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:

World Series History (After First Two Games)

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.

Table Properties

Dow Jones Industrial Average Threshold History

300 12/31/1928    
400 12/29/1954 6,494 9,494
500 3/12/1956 303 439
600 2/20/1959 742 1,075
700 5/17/1961 564 817
800 2/28/1964 699 1,017
900 1/28/1965 231 335
1000 11/14/1972 1,940 2,847
2000 1/8/1987 3,573 5,168
3000 4/17/1991 1,080 1,560
4000 2/23/1995 975 1,408
5000 11/21/1995 189 271
6000 10/14/1996 226 328
7000 2/13/1997 85 122
8000 7/16/1997 105 153
9000 4/6/1998 182 264
10000 3/29/1999 246 357
11000 5/3/1999 24 35
12000 10/19/2006 1,879 2,726
13000 4/25/2007 127 188
14000 7/19/2007 59 85
15000 5/7/2013 1,460 2,119
16000 11/21/2013 139 198
17000 7/3/2014 153 224
18000 12/23/2014 120 173

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:

Dawn Size Reduction (Annotated) - small

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.